In the past week, ZWS stock has gone down by -3.19%, with a monthly gain of 3.91% and a quarterly plunge of -5.60%. The volatility ratio for the week is 3.16%, and the volatility levels for the last 30 days are 2.85% for Zurn Elkay Water Solutions Corp. The simple moving average for the past 20 days is -2.60% for ZWS’s stock, with a -0.57% simple moving average for the past 200 days.
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 of 39.26x that is above its average ratio. Additionally, the 36-month beta value for ZWS is 1.16. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ZWS is 143.52M and currently, short sellers hold a 3.01% ratio of that float. The average trading volume of ZWS on August 09, 2024 was 926.02K shares.
ZWS) stock’s latest price update
Zurn Elkay Water Solutions Corp (NYSE: ZWS) has experienced a rise in its stock price by 1.71 compared to its previous closing price of 29.81. However, the company has seen a fall of -3.19% in its stock price over the last five trading days. zacks.com reported 2024-08-06 that Zurn Water (ZWS) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock’s potential for a turnaround in the near term.
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 -0.67% 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 -12.32% of loss for the given period.
Volatility was left at 2.85%, however, over the last 30 days, the volatility rate increased by 3.16%, as shares surge +1.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.10% lower at present.
During the last 5 trading sessions, ZWS fell by -3.19%, which changed the moving average for the period of 200-days by +18.48% in comparison to the 20-day moving average, which settled at $31.15. In addition, Zurn Elkay Water Solutions Corp saw 3.09% 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 JAHNKE TIMOTHY J, who proposed sale 4,086 shares at the price of $32.98 back on Jul 31 ’24. After this action, JAHNKE TIMOTHY J now owns shares of Zurn Elkay Water Solutions Corp, valued at $134,742 using the latest closing price.
JAHNKE TIMOTHY J, the Director of Zurn Elkay Water Solutions Corp, sale 4,086 shares at $33.01 during a trade that took place back on Jul 31 ’24, which means that JAHNKE TIMOTHY J is holding 389,399 shares at $134,875 based on the most recent closing price.
Stock Fundamentals for ZWS
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.41 for the gross margin
The net margin for Zurn Elkay Water Solutions Corp stands at 0.09. The total capital return value is set at 0.1. Equity return is now at value 8.04, with 4.67 for asset returns.
Based on Zurn Elkay Water Solutions Corp (ZWS), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 0.62. The debt to equity ratio resting at 0.3. The interest coverage ratio of the stock is 12.69.
Currently, EBITDA for the company is 306.0 million with net debt to EBITDA at 1.17. When we switch over and look at the enterprise to sales, we see a ratio of 3.61. The receivables turnover for the company is 6.4for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.83.
Conclusion
In conclusion, Zurn Elkay Water Solutions Corp (ZWS) has seen mixed 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’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.
