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According to National Shooting Sports Foundation data, more than 3.2 million people purchased a firearm for the first time during the first half of 2021. Also, SWBI is expected to pay a $0.08 per share quarterly dividend on January 3, 2022.
However, the stock has lost 17.2% in price over the past month to close yesterday’s trading session at $17.85. Furthermore, its shares plunged 29.9% on December 3, putting it on track for its biggest one-day selloff since March 2020. This is due primarily to its weaker-than-expected second-quarter earnings and a decline in demand levels from the pandemic-related highs. Also, in May, SWBI also announced its plans to divest its Thompson/Center Arms brand. So, the stock’s near-term prospects look uncertain.
