The stock of Zurn Elkay Water Solutions Corp (ZWS) has gone up by 3.57% for the week, with a 8.39% rise in the past month and a 2.16% rise in the past quarter. The volatility ratio for the week is 2.42%, and the volatility levels for the past 30 days are 2.32% for ZWS. The simple moving average for the last 20 days is 8.05% for ZWS stock, with a simple moving average of 16.55% for the last 200 days.
Is It Worth Investing in Zurn Elkay Water Solutions Corp (NYSE: ZWS) Right Now?
The price-to-earnings ratio for Zurn Elkay Water Solutions Corp (NYSE: ZWS) is above average at 47.57x, while the 36-month beta value is 1.31.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for Zurn Elkay Water Solutions Corp (ZWS) is $30.43, which is $1.12 above the current market price. The public float for ZWS is 141.00M, and currently, short sellers hold a 3.74% ratio of that floaft. The average trading volume of ZWS on November 16, 2023 was 1.15M shares.
ZWS) stock’s latest price update
Zurn Elkay Water Solutions Corp (NYSE: ZWS)’s stock price has decreased by -2.14 compared to its previous closing price of 29.95. However, the company has seen a 3.57% increase in its stock price over the last five trading sessions. Seeking Alpha reported 2023-11-01 that Zurn Elkay Water Solutions Corporation (NYSE:ZWS ) Q3 2023 Earnings Conference Call November 1, 2023 8:30 AM ET Company Participants David Pauli – VP, IR Todd Adams – President, CEO & Chairman Mark Peterson – SVP & CFO Conference Call Participants Bryan Blair – Oppenheimer Jeffrey Hammond – KeyBanc Capital Markets Andrew Krill – Deutsche Bank Michael Halloran – Robert W. Baird & Co. Nathan Jones – Stifel, Nicolaus & Company Joseph Ritchie – Goldman Sachs Operator Good morning.
Analysts’ Opinion of ZWS
Many brokerage firms have already submitted their reports for ZWS stocks, with Goldman repeating the rating for ZWS by listing it as a “Neutral.” The predicted price for ZWS in the upcoming period, according to Goldman is $29 based on the research report published on October 09, 2023 of the current year 2023.
ZWS Trading at 6.70% 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 -5.05% of loss for the given period.
Volatility was left at 2.32%, however, over the last 30 days, the volatility rate increased by 2.42%, as shares surge +13.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.72% upper at present.
During the last 5 trading sessions, ZWS rose by +3.57%, which changed the moving average for the period of 200-days by +34.08% in comparison to the 20-day moving average, which settled at $27.30. In addition, Zurn Elkay Water Solutions Corp saw 38.58% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at ZWS starting from Wehr Craig, who sale 55,133 shares at the price of $28.09 back on Nov 02. After this action, Wehr Craig now owns 81,905 shares of Zurn Elkay Water Solutions Corp, valued at $1,548,554 using the latest closing price.
Wehr Craig, the Group Ex., President-Zurn of Zurn Elkay Water Solutions Corp, sale 1,442 shares at $23.17 during a trade that took place back on Feb 16, which means that Wehr Craig is holding 82,640 shares at $33,411 based on the most recent closing price.
Stock Fundamentals for ZWS
Current profitability levels for the company are sitting at:
- +9.56 for the present operating margin
- +33.66 for the gross margin
The net margin for Zurn Elkay Water Solutions Corp stands at +4.45. The total capital return value is set at 8.52, while invested capital returns managed to touch 4.00. Equity return is now at value 6.25, with 3.52 for asset returns.
Based on Zurn Elkay Water Solutions Corp (ZWS), the company’s capital structure generated 35.88 points at debt to equity in total, while total debt to capital is 26.41. Total debt to assets is 20.23, with long-term debt to equity ratio resting at 34.95. Finally, the long-term debt to capital ratio is 25.72.
When we switch over and look at the enterprise to sales, we see a ratio of 3.72, with the company’s debt to enterprise value settled at 0.16. The receivables turnover for the company is 6.17 and the total asset turnover is 0.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.62.
In a nutshell, Zurn Elkay Water Solutions Corp (ZWS) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.