The stock of Waste Management, Inc. (WM) has seen a -0.31% decrease in the past week, with a 2.59% gain in the past month, and a 17.87% flourish in the past quarter. The volatility ratio for the week is 0.93%, and the volatility levels for the past 30 days are at 0.94% for WM. The simple moving average for the past 20 days is 0.27% for WM’s stock, with a 20.78% simple moving average for the past 200 days.
Is It Worth Investing in Waste Management, Inc. (NYSE: WM) Right Now?
Waste Management, Inc. (NYSE: WM) has a price-to-earnings ratio of 37.27x that is above its average ratio. Additionally, the 36-month beta value for WM is 0.72. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 5 rating it as “hold,” and 1 rating it as “sell.”
The public float for WM is 400.62M and currently, short sellers hold a 1.30% ratio of that float. The average trading volume of WM on April 03, 2024 was 1.66M shares.
WM) stock’s latest price update
Waste Management, Inc. (NYSE: WM)’s stock price has decreased by -0.85 compared to its previous closing price of 212.91. However, the company has seen a -0.31% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-02 that Waste Management (WM) is benefiting from its focus on differentiation and continuous improvement amid competition and financing costs.
Analysts’ Opinion of WM
Many brokerage firms have already submitted their reports for WM stocks, with HSBC Securities repeating the rating for WM by listing it as a “Hold.” The predicted price for WM in the upcoming period, according to HSBC Securities is $210 based on the research report published on February 15, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see WM reach a price target of $205, previously predicting the price at $190. The rating they have provided for WM stocks is “Neutral” according to the report published on February 14th, 2024.
Wells Fargo gave a rating of “Equal Weight” to WM, setting the target price at $175 in the report published on November 27th of the previous year.
WM Trading at 5.09% from the 50-Day Moving Average
After a stumble in the market that brought WM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.60% of loss for the given period.
Volatility was left at 0.94%, however, over the last 30 days, the volatility rate increased by 0.93%, as shares surge +2.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.45% upper at present.
During the last 5 trading sessions, WM fell by -0.31%, which changed the moving average for the period of 200-days by +29.98% in comparison to the 20-day moving average, which settled at $210.76. In addition, Waste Management, Inc. saw 17.87% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WM starting from Fish James C Jr, who sale 36,207 shares at the price of $204.43 back on Mar 01 ’24. After this action, Fish James C Jr now owns 198,345 shares of Waste Management, Inc., valued at $7,401,797 using the latest closing price.
Carrasco Rafael, the SVP of Enterprise Strategy of Waste Management, Inc., sale 840 shares at $204.86 during a trade that took place back on Mar 01 ’24, which means that Carrasco Rafael is holding 14,067 shares at $172,082 based on the most recent closing price.
Stock Fundamentals for WM
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.38 for the gross margin
The net margin for Waste Management, Inc. stands at 0.11. The total capital return value is set at 0.13. Equity return is now at value 33.51, with 7.08 for asset returns.
Based on Waste Management, Inc. (WM), the company’s capital structure generated 0.7 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 2.35. The interest coverage ratio of the stock is 7.15.
Currently, EBITDA for the company is 5.84 billion with net debt to EBITDA at 2.7. When we switch over and look at the enterprise to sales, we see a ratio of 4.92. The receivables turnover for the company is 7.12for trailing twelve months and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.90.
Conclusion
In conclusion, Waste Management, Inc. (WM) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
