In a recent transaction, Maryam Banikarim, a director at OnespaWorld Holdings Ltd (NASDAQ:OSW), sold 6,411 shares of the company's stock. The sale was executed at a weighted average price of $13.0708 per share, resulting in a total value of approximately $83,796.
The shares were sold in multiple transactions with prices ranging from $12.95 to $13.20. It was noted that the reported price represents a weighted average, and the specific number of shares sold at each price within this range is available upon request.
Following the sale, Banikarim's remaining stake in the company includes 75,765 common shares. This updated share count reflects a correction of 41,730 common shares due to previously reported errors.
Investors and followers of OnespaWorld Holdings Ltd will likely keep an eye on insider transactions such as this for insights into the company's performance and the confidence level of its executives.
InvestingPro Insights
As investors scrutinize the recent insider sale by Maryam Banikarim, a director at OnespaWorld Holdings Ltd (NASDAQ:OSW), it's essential to consider the company's financial health and market performance. InvestingPro data shows that OnespaWorld has a market capitalization of approximately $1.3 billion, indicating its size within the industry. Despite not having turned a profit in the last twelve months, analysts are optimistic, predicting profitability for the company this year. This forecast aligns with the significant revenue growth of 45.36% reported in the last twelve months as of Q4 2023.
Two critical InvestingPro Tips for OnespaWorld Holdings Ltd provide further context. Firstly, while the company suffers from weak gross profit margins, currently at 11.36%, it has managed to maintain a positive operating income margin of 7.18%. Secondly, OnespaWorld operates with a moderate level of debt, which is a crucial factor for potential investors to consider when assessing the company's financial stability. These insights suggest that while there are areas for improvement, there are also positive aspects to the company's financial structure.
For investors seeking a deeper analysis of OnespaWorld Holdings Ltd, there are additional InvestingPro Tips available at https://www.investing.com/pro/OSW. Use the coupon code PRONEWS24 to get an extra 10% off a yearly or biyearly Pro and Pro+ subscription, and gain access to comprehensive metrics and insights that can inform investment decisions.
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