The stock price of Zurn Elkay Water Solutions Corp (NYSE: ZWS) has surged by 1.05 when compared to previous closing price of 31.28, but the company has seen a -1.83% decline in its stock price over the last five trading sessions. Business Wire reported 2024-04-10 that MILWAUKEE–(BUSINESS WIRE)–Zurn Elkay Water Solutions Schedules First Quarter 2024 Earnings Release and Investor Conference Call.
Is It Worth Investing in Zurn Elkay Water Solutions Corp (NYSE: ZWS) Right Now?
Zurn Elkay Water Solutions Corp (NYSE: ZWS) has a price-to-earnings ratio that is above its average at 49.55x. The stock has a 36-month beta value of 1.22. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ZWS is 143.14M, and at present, short sellers hold a 3.79% of that float. On April 19, 2024, the average trading volume of ZWS was 978.41K shares.
ZWS’s Market Performance
ZWS’s stock has seen a -1.83% decrease for the week, with a -1.62% drop in the past month and a 10.91% gain in the past quarter. The volatility ratio for the week is 2.69%, and the volatility levels for the past 30 days are at 2.52% for Zurn Elkay Water Solutions Corp The simple moving average for the past 20 days is -2.12% for ZWS’s stock, with a 7.52% simple moving average for the past 200 days.
Analysts’ Opinion of ZWS
Many brokerage firms have already submitted their reports for ZWS stocks, with Exane BNP Paribas repeating the rating for ZWS by listing it as a “Outperform.” The predicted price for ZWS in the upcoming period, according to Exane BNP Paribas is $40 based on the research report published on March 12, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see ZWS reach a price target of $34. The rating they have provided for ZWS stocks is “Neutral” according to the report published on February 09th, 2024.
Stifel gave a rating of “Hold” to ZWS, setting the target price at $31 in the report published on December 19th of the previous year.
ZWS Trading at -1.07% 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 -8.59% of loss for the given period.
Volatility was left at 2.52%, however, over the last 30 days, the volatility rate increased by 2.69%, as shares sank -2.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.82% lower at present.
During the last 5 trading sessions, ZWS fell by -1.83%, which changed the moving average for the period of 200-days by +17.99% in comparison to the 20-day moving average, which settled at $32.25. In addition, Zurn Elkay Water Solutions Corp saw 7.48% 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 ZWS starting from Katz Aimee, who sale 103,768 shares at the price of $31.96 back on Apr 15 ’24. After this action, Katz Aimee now owns 24,798,932 shares of Zurn Elkay Water Solutions Corp, valued at $3,316,425 using the latest closing price.
Ice Mountain LLC, the 10% Owner of Zurn Elkay Water Solutions Corp, sale 103,768 shares at $31.96 during a trade that took place back on Apr 15 ’24, which means that Ice Mountain LLC is holding 24,798,932 shares at $3,316,425 based on the most recent closing price.
Stock Fundamentals for ZWS
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.4 for the gross margin
The net margin for Zurn Elkay Water Solutions Corp stands at 0.07. The total capital return value is set at 0.07. Equity return is now at value 6.48, with 3.77 for asset returns.
Based on Zurn Elkay Water Solutions Corp (ZWS), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.46. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is 4.61.
Currently, EBITDA for the company is 180.6 million with net debt to EBITDA at 1.62. When we switch over and look at the enterprise to sales, we see a ratio of 3.88. The receivables turnover for the company is 6.36for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.02.
Conclusion
To sum up, Zurn Elkay Water Solutions Corp (ZWS) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
