Camping World (NYSE:CWH) Share Price Passes Below 50-Day Moving Average – Time to Sell?

Camping World (NYSE:CWH) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $6.57 and traded as low as $6.25. Camping World shares last traded at $6.59, with a volume of 1,337,212 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CWH. Weiss Ratings raised Camping World from a “sell (e+)” rating to a “sell (d)” rating in a research note on Monday, August 3rd. KeyCorp dropped their price target on shares of Camping World from $12.00 to $9.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Robert W. Baird set a $7.00 price objective on shares of Camping World in a research report on Friday, July 31st. Wall Street Zen upgraded shares of Camping World from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Raymond James Financial set a $8.25 target price on shares of Camping World in a report on Friday, July 31st. Ten equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.02.

Camping World Trading Up 2.5%

The firm has a market cap of $680.71 million, a P/E ratio of -4.25 and a beta of 2.06. The stock has a fifty day simple moving average of $6.57 and a 200 day simple moving average of $7.36. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.30 and a current ratio of 1.22.

Camping World (NYSE:CWH) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. Camping World had a negative return on equity of 3.52% and a negative net margin of 1.55%.The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the previous year, the business earned $0.57 earnings per share. The company’s revenue was down 2.1% on a year-over-year basis. On average, research analysts expect that Camping World will post 0.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Camping World

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP boosted its holdings in shares of Camping World by 2,275.8% during the 3rd quarter. Quarry LP now owns 1,568 shares of the company’s stock valued at $25,000 after acquiring an additional 1,502 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Camping World during the fourth quarter valued at approximately $25,000. Public Employees Retirement System of Ohio bought a new position in Camping World during the second quarter valued at approximately $28,000. Russell Investments Group Ltd. lifted its position in Camping World by 923.8% during the third quarter. Russell Investments Group Ltd. now owns 5,539 shares of the company’s stock valued at $87,000 after purchasing an additional 4,998 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in Camping World in the third quarter worth approximately $109,000. Institutional investors own 52.54% of the company’s stock.

About Camping World

Camping World Holdings, Inc (NYSE: CWH) is a leading specialty retailer of recreational vehicles (“RVs”), RV parts and services, and outdoor lifestyle products. The company operates an extensive network of full-service RV dealerships, providing new and pre-owned RV sales alongside comprehensive maintenance, repair and warranty services. In addition to its dealership operations, Camping World offers a broad assortment of RV parts, accessories and gear through both its physical retail locations and e-commerce platform.

Beyond RV sales and service, Camping World’s offerings encompass outdoor cookware, apparel, camping and towing accessories under various proprietary and third-party brands.