Zurn Elkay Water Solutions Corporation (NYSE:ZWS) went down by -4.58% from its latest closing price compared to the recent 1-year high of $36.82. The company’s stock price has collected -10.66% of loss in the last five trading sessions. The Wall Street Journal reported on 02/14/22 that Splunk, Blackstone, Nio, Affirm, Lockheed: What to Watch in the Stock Market Today
Is It Worth Investing in Zurn Elkay Water Solutions Corporation (NYSE :ZWS) Right Now?
Zurn Elkay Water Solutions Corporation (NYSE:ZWS) scored a price-to-earnings ratio above its average ratio, recording 47.76 x from its present earnings ratio. Plus, the 36-month beta value for ZWS is at 1.31. Opinions of the stock are interesting as 5 analysts out of 6 who provided ratings for Zurn Elkay Water Solutions Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $26.67, which is $7.23 above the current price. ZWS currently public float of 173.46M and currently shorts hold a 2.76% ratio of that float. Today, the average trading volume of ZWS was 1.30M shares.
ZWS’s Market Performance
ZWS stocks went down by -10.66% for the week, with a monthly drop of -6.37% and a quarterly performance of -18.17%, while its annual performance rate touched -37.05%. The volatility ratio for the week stands at 3.10% while the volatility levels for the past 30 days are set at 3.07% for Zurn Elkay Water Solutions Corporation. The simple moving average for the period of the last 20 days is -5.96% for ZWS stocks with a simple moving average of -24.77% for the last 200 days.
Analysts’ Opinion of ZWS
Many brokerage firms have already submitted their reports for ZWS stocks, with Robert W. Baird repeating the rating for ZWS by listing it as a “Neutral.” The predicted price for ZWS in the upcoming period, according to Robert W. Baird is $26 based on the research report published on December 20th of the previous year 2022.
Stifel, on the other hand, stated in their research note that they expect to see ZWS reach a price target of $34. The rating they have provided for ZWS stocks is “Buy” according to the report published on June 30th, 2022.
Robert W. Baird gave a rating of “Outperform” to ZWS, setting the target price at $43 in the report published on February 15th of the previous year.
ZWS Trading at -11.24% from the 50-Day Moving Average
After a stumble in the market that brought ZWS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -44.49% of loss for the given period.
Volatility was left at 3.07%, however, over the last 30 days, the volatility rate increased by 3.10%, as shares sank -3.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.74% lower at present.
During the last 5 trading sessions, ZWS fell by -10.66%, which changed the moving average for the period of 200-days by -42.89% in comparison to the 20-day moving average, which settled at $21.70. In addition, Zurn Elkay Water Solutions Corporation saw -3.36% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at ZWS starting from Jackson Rodney, who sale 1,838 shares at the price of $27.39 back on May 13. After this action, Jackson Rodney now owns 121,061 shares of Zurn Elkay Water Solutions Corporation, valued at $50,343 using the latest closing price.
PETERSON MARK W, the SVP & Chief Financial Officer of Zurn Elkay Water Solutions Corporation, sale 5,042 shares at $27.39 during a trade that took place back on May 13, which means that PETERSON MARK W is holding 235,997 shares at $138,100 based on the most recent closing price.
Stock Fundamentals for ZWS
Current profitability levels for the company are sitting at:
- +12.15 for the present operating margin
- +38.39 for the gross margin
The net margin for Zurn Elkay Water Solutions Corporation stands at +5.46.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.98.