Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate OneWater Marine Inc before investing.

In this article, we go over a few key elements for understanding OneWater Marine Inc’s stock price such as:

• OneWater Marine Inc’s current stock price and volume
• Why OneWater Marine Inc’s stock price changed recently
• Upgrades and downgrades for ONEW from analysts
• ONEW’s stock price momentum as measured by its relative strength

About OneWater Marine Inc (ONEW)

Before we jump into OneWater Marine Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

OneWater Marine Inc. is a holding company and sole managing member of One Water Marine Holdings, LLC. It is a marine retailer in the United States with 98 retail locations, 11 distribution centers/warehouses and multiple online marketplaces in 20 different states. Its segments include Dealerships and Distribution. The Dealership segment engages in the sale of new and pre-owned boats, arranges financing and insurance products, performs repair and maintenance services, offers marine related parts and accessories and offers slip and storage accommodations in certain locations. The Distribution segment engages in the manufacturing, assembly, and distribution primarily of marine-related products to distributors, big-box retailers and online retailers through a network of warehouses and distribution centers. It offers a range of branded parts and accessories, including jack plates, rigging parts, plumbing components, storage systems, and appearance, cleaning, and maintenance products.

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OneWater Marine Inc’s Stock Price as of Market Close

As of May 09, 2024, 4:00 PM, CST, OneWater Marine Inc’s stock price was $24.38.

OneWater Marine Inc is up 4.86% from its previous closing price of $23.25.

During the last market session, OneWater Marine Inc’s stock traded between $22.12 and $23.36. Currently, there are 14.58 million shares of OneWater Marine Inc stock available for purchase.

Unfortunately, OneWater Marine Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

OneWater Marine Inc Stock Price History

OneWater Marine Inc’s (ONEW) price is currently up 17.72% so far this month.

During the month of May, OneWater Marine Inc’s stock price has reached a high of $24.53 and a low of $20.07.

Over the last year, OneWater Marine Inc has hit prices as high as $39.15 and as low as $20.07. Year to date, OneWater Marine Inc’s stock is down 14.76%.

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What Caused OneWater Marine Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 08, 2024, there were 2 analysts who downgraded OneWater Marine Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate OneWater Marine Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on OneWater Marine Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

OneWater Marine Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about OneWater Marine Inc (ONEW) by visiting AAII Stock Evaluator.

Relative Price Strength of OneWater Marine Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 08, 2024, OneWater Marine Inc has a weighted four-quarter relative price strength of -10.87%, which translates to a Momentum Score of 29 and is considered to be Weak.

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OneWater Marine Inc Stock Price: Bottom Line

As of May 9, 2024, OneWater Marine Inc’s stock price is $24.38, which is up 4.86% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like OneWater Marine Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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