In a challenging year for Onewater Marine (NASDAQ:ONEW) Inc., the company's stock has hit a 52-week low, dropping to $18.43. This significant downturn reflects a stark 1-year change, with the stock value decreasing by 42.49%. According to InvestingPro data, analysts maintain a consensus Buy rating with price targets ranging from $23 to $31, suggesting potential upside despite current market conditions. Investors are closely monitoring the marine retailer's performance as it navigates through turbulent market conditions that have seen its shares tumble from previous levels. The company, which specializes in the sale of new and pre-owned boats, parts, and services, is facing industry-wide headwinds that have contributed to the decline in its stock price over the past year. InvestingPro analysis shows the company maintains a Fair Financial Health score, with annual revenues of $1.77 billion despite an 8.45% decline. InvestingPro subscribers can access 7 additional key insights about ONEW's current market position and future prospects.
In other recent news, OneWater Marine Inc. reported its fiscal fourth quarter and full year 2024 results, revealing a 16% drop in total revenue to $378 million and a net loss of $10 million, a notable improvement from the previous year. Despite the challenges posed by Hurricanes Helene and Milton, all of the company's retail locations are now operational. The company's management projects total sales for 2025 to be between $1.7 billion and $1.85 billion, with an adjusted EBITDA ranging from $80 million to $110 million. The firm ended the year with total liquidity of $30 million and long-term debt of $423 million. OneWater Marine anticipates that the impacts of the hurricanes will affect Q1 2025 results, with an estimated revenue and EBITDA loss of over $30 million. However, the company reported an improvement in operating income and a reduced net loss year-over-year, expressing cautious optimism about recovering demand in the second half of 2025. The company is also implementing additional cost savings, with a $10 million cut in March and another $5 million at the end of the year.
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