In the past week, BMI stock has gone up by 15.72%, with a monthly gain of 14.51% and a quarterly surge of 18.11%. The volatility ratio for the week is 3.48%, and the volatility levels for the last 30 days are 2.34% for Badger Meter Inc. The simple moving average for the past 20 days is 13.60% for BMI’s stock, with a 16.94% simple moving average for the past 200 days.
Is It Worth Investing in Badger Meter Inc. (NYSE: BMI) Right Now?
The price-to-earnings ratio for Badger Meter Inc. (NYSE: BMI) is above average at 51.38x, Company’s 36-month beta value is 0.87.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for BMI is 29.21M, and currently, short sellers hold a 3.79% ratio of that floaft. The average trading volume of BMI on April 19, 2024 was 172.63K shares.
BMI) stock’s latest price update
Badger Meter Inc. (NYSE: BMI)’s stock price has increased by 16.65 compared to its previous closing price of 153.00. However, the company has seen a 15.72% increase in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-18 that Badger Meter blew the roof off with its Q1 2024 earnings — up 50% and well ahead of expectations. Utilities are buying water meters like they’re going out of style.
Analysts’ Opinion of BMI
Northcoast, on the other hand, stated in their research note that they expect to see BMI reach a price target of $120. The rating they have provided for BMI stocks is “Sell” according to the report published on September 29th, 2023.
Deutsche Bank gave a rating of “Hold” to BMI, setting the target price at $142 in the report published on June 29th of the previous year.
BMI Trading at 14.37% from the 50-Day Moving Average
After a stumble in the market that brought BMI to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 4.46% of gains for the given period.
Volatility was left at 2.34%, however, over the last 30 days, the volatility rate increased by 3.48%, as shares surge +13.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.84% upper at present.
During the last 5 trading sessions, BMI rose by +15.72%, which changed the moving average for the period of 200-days by +21.43% in comparison to the 20-day moving average, which settled at $158.16. In addition, Badger Meter Inc. saw 15.62% 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 BMI starting from BERGUM WILLIAM R A, who sale 1,339 shares at the price of $162.92 back on Mar 06 ’24. After this action, BERGUM WILLIAM R A now owns 13,263 shares of Badger Meter Inc., valued at $218,150 using the latest closing price.
Begale Fred J, the VP-Engineering of Badger Meter Inc., sale 1,203 shares at $162.92 during a trade that took place back on Mar 06 ’24, which means that Begale Fred J is holding 2,181 shares at $195,993 based on the most recent closing price.
Stock Fundamentals for BMI
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.39 for the gross margin
The net margin for Badger Meter Inc. stands at 0.13. The total capital return value is set at 0.19. Equity return is now at value 20.59, with 14.86 for asset returns.
Currently, EBITDA for the company is 146.16 million with net debt to EBITDA at -1.43. When we switch over and look at the enterprise to sales, we see a ratio of 7.16. The receivables turnover for the company is 7.62for trailing twelve months and the total asset turnover is 0.95. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.48.
Conclusion
In a nutshell, Badger Meter Inc. (BMI) 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.
