The stock of Essential Utilities Inc. (WTRG) has gone up by 1.98% for the week, with a -5.87% drop in the past month and a -10.98% drop in the past quarter. The volatility ratio for the week is 2.86%, and the volatility levels for the past 30 days are 2.34% for WTRG. The simple moving average for the last 20 days is -0.71% for WTRG stock, with a simple moving average of -6.73% for the last 200 days.
Is It Worth Investing in Essential Utilities Inc. (NYSE: WTRG) Right Now?
The price-to-earnings ratio for Essential Utilities Inc. (NYSE: WTRG) is above average at 24.89x, while the 36-month beta value is 0.79.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for Essential Utilities Inc. (WTRG) is $55.25, which is $11.97 above the current market price. The public float for WTRG is 261.88M, and currently, short sellers hold a 1.17% ratio of that floaft. The average trading volume of WTRG on March 16, 2023 was 1.17M shares.
WTRG) stock’s latest price update
Essential Utilities Inc. (NYSE: WTRG)’s stock price has increased by 1.17 compared to its previous closing price of 42.78. Nevertheless, the company has seen a 1.98% surge in its stock price over the last five trading sessions. MarketWatch.com reported on 10/20/22 that A surge in coal and oil emissions was expected with Russia’s war and a COVID recovery — here’s what actually happened
Analysts’ Opinion of WTRG
The stock of Essential Utilities Inc. (WTRG) has gone up by 1.98% for the week, with a -5.87% drop in the past month and a -10.98% drop in the past quarter. The volatility ratio for the week is 2.86%, and the volatility levels for the past 30 days are 2.34% for WTRG. The simple moving average for the last 20 days is -0.71% for WTRG stock, with a simple moving average of -6.73% for the last 200 days.
Analysts’ Opinion of WTRG
Many brokerage firms have already submitted their reports for WTRG stocks, with UBS repeating the rating for WTRG by listing it as a “Buy.” The predicted price for WTRG in the upcoming period, according to UBS is $55 based on the research report published on February 06th of the current year 2023.
BofA Securities, on the other hand, stated in their research note that they expect to see WTRG reach a price target of $52. The rating they have provided for WTRG stocks is “Neutral” according to the report published on September 09th, 2022.
HSBC Securities gave a rating of “Buy” to WTRG, setting the target price at $57 in the report published on August 18th of the previous year.
WTRG Trading at -5.67% from the 50-Day Moving Average
After a stumble in the market that brought WTRG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.75% of loss for the given period.
Volatility was left at 2.34%, however, over the last 30 days, the volatility rate increased by 2.86%, as shares sank -5.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.32% lower at present.
During the last 5 trading sessions, WTRG rose by +1.98%, which changed the moving average for the period of 200-days by -5.61% in comparison to the 20-day moving average, which settled at $43.46. In addition, Essential Utilities Inc. saw -9.32% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WTRG starting from Franklin Chris, who purchase 37,245 shares at the price of $40.70 back on Mar 08. After this action, Franklin Chris now owns 37,245 shares of Essential Utilities Inc., valued at $1,515,872 using the latest closing price.
Ruff Ellen T, the Director of Essential Utilities Inc., sale 8,560 shares at $47.96 during a trade that took place back on Nov 28, which means that Ruff Ellen T is holding 26,972 shares at $410,503 based on the most recent closing price.
Stock Fundamentals for WTRG
Current profitability levels for the company are sitting at:
- +28.90 for the present operating margin
- +32.83 for the gross margin
The net margin for Essential Utilities Inc. stands at +20.33. Equity return is now at value 8.70, with 3.10 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.64.
Conclusion
In a nutshell, Essential Utilities Inc. (WTRG) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
