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Leslie’s Inc. (LESL) stock has tumbled to a 52-week low, touching a price level of just $2.00, as the company faces a challenging market environment. With a market capitalization of $377 million, the company maintains a healthy current ratio of 1.71, indicating sufficient liquidity to meet short-term obligations. According to InvestingPro analysis, the stock appears undervalued at current levels. This significant downturn represents a stark contrast from its performance over the past year, with the stock experiencing a precipitous decline of -70.66%. Investors are closely monitoring Leslie’s financial health and market position, as the stock’s current value reflects heightened concerns over the company’s future prospects and the broader industry’s headwinds. While technical indicators suggest the stock is oversold, InvestingPro subscribers can access 12 additional key insights and a comprehensive Pro Research Report, helping investors make more informed decisions during this volatile period.
In other recent news, Leslie’s Pool (NASDAQ:POOL) Supplies reported a decrease in sales and profitability for fiscal year 2024, with total sales falling by 8% to $1.33 billion. The company’s fourth-quarter results showed a significant shortfall in adjusted EBITDA, primarily due to a softer gross margin. Amid these developments, Baird and Telsey Advisory Group have revised their price targets for Leslie’s shares to $3.50 and $3.75, respectively, while maintaining neutral ratings. The new CEO, Jason McDonell, is leading strategic changes within Leslie’s, focusing on customer centricity, convenience, and asset utilization. Despite the overall decline, Leslie’s has seen growth in e-commerce sales, which now account for nearly 20% of total sales. The company has also issued sales guidance for Q1 2025, projecting a range from a 3% decline to a 1% increase year-over-year. As part of its ongoing strategy, Leslie’s is prioritizing debt reduction and has paused new store openings and mergers and acquisitions.
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