The stock of Waters Corp. (WAT) has seen a -11.77% decrease in the past week, with a -14.57% drop in the past month, and a -3.89% decrease in the past quarter. The volatility ratio for the week is 3.05%, and the volatility levels for the past 30 days are at 2.27% for WAT. The simple moving average for the past 20 days is -11.45% for WAT’s stock, with a 0.75% simple moving average for the past 200 days.
Is It Worth Investing in Waters Corp. (NYSE: WAT) Right Now?
Waters Corp. (NYSE: WAT) has a price-to-earnings ratio that is above its average at 27.49x. The stock has a 36-month beta value of 0.98. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 5 as “overweight,” 9 as “hold,” and 1 as “sell.”
The public float for WAT is 59.06M, and at present, short sellers hold a 6.42% of that float. On April 18, 2024, the average trading volume of WAT was 401.67K shares.
WAT) stock’s latest price update
The stock of Waters Corp. (NYSE: WAT) has decreased by -2.00 when compared to last closing price of 304.18.Despite this, the company has seen a loss of -11.77% in its stock price over the last five trading days. PRNewsWire reported 2024-04-11 that MILFORD, Mass., April 11, 2024 /PRNewswire/ — Waters Corporation (NYSE:WAT) will hold its Q1 2024 financial results conference call live on Tuesday, May 7th, 2024 at 8:00 a.m.
Analysts’ Opinion of WAT
Many brokerage firms have already submitted their reports for WAT stocks, with Barclays repeating the rating for WAT by listing it as a “Underweight.” The predicted price for WAT in the upcoming period, according to Barclays is $230 based on the research report published on November 13, 2023 of the previous year 2023.
Bernstein, on the other hand, stated in their research note that they expect to see WAT reach a price target of $280. The rating they have provided for WAT stocks is “Mkt Perform” according to the report published on September 28th, 2023.
Evercore ISI gave a rating of “In-line” to WAT, setting the target price at $270 in the report published on July 31st of the previous year.
WAT Trading at -11.48% from the 50-Day Moving Average
After a stumble in the market that brought WAT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.06% of loss for the given period.
Volatility was left at 2.27%, however, over the last 30 days, the volatility rate increased by 3.05%, as shares sank -14.00% 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, WAT fell by -11.34%, which changed the moving average for the period of 200-days by +13.15% in comparison to the 20-day moving average, which settled at $334.22. In addition, Waters Corp. saw -9.45% 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 WAT starting from BADDOUR LINDA, who sale 500 shares at the price of $355.54 back on Mar 13 ’24. After this action, BADDOUR LINDA now owns 2,250 shares of Waters Corp., valued at $177,770 using the latest closing price.
KUEBLER CHRISTOPHER A, the Director of Waters Corp., sale 4,000 shares at $291.48 during a trade that took place back on Aug 04 ’23, which means that KUEBLER CHRISTOPHER A is holding 14,382 shares at $1,165,920 based on the most recent closing price.
Stock Fundamentals for WAT
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.59 for the gross margin
The net margin for Waters Corp. stands at 0.22. The total capital return value is set at 0.21. Equity return is now at value 77.62, with 16.24 for asset returns.
Based on Waters Corp. (WAT), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 2.07. The interest coverage ratio of the stock is 9.5.
Currently, EBITDA for the company is 1.01 billion with net debt to EBITDA at 2.07. When we switch over and look at the enterprise to sales, we see a ratio of 6.66. The receivables turnover for the company is 4.21for trailing twelve months and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.22.
Conclusion
To sum up, Waters Corp. (WAT) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
