Waste Management, Inc. (NYSE: WM)’s stock price has decreased by -0.52 compared to its previous closing price of 205.26. However, the company has seen a 1.32% increase in its stock price over the last five trading sessions. investorplace.com reported 2024-08-12 that One of my favorite quotes comes from “Rich Dad Poor Dad” author Robert Kiyosaki. “In 1971, the U.S.
Is It Worth Investing in Waste Management, Inc. (NYSE: WM) Right Now?
Waste Management, Inc. (NYSE: WM) has a higher price-to-earnings ratio of 32.44x compared to its average ratio. WM has 36-month beta value of 0.74. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 3 as “overweight,” 5 as “hold,” and 1 as “sell.”
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The public float for WM is 400.49M, and currently, short sellers hold a 0.89% ratio of that float. The average trading volume of WM on August 12, 2024 was 1.76M shares.
WM’s Market Performance
WM stock saw a decrease of 1.32% in the past week, with a monthly decline of -4.47% and a quarterly a decrease of -3.45%. The volatility ratio for the week is 2.31%, and the volatility levels for the last 30 days are 1.90% for Waste Management, Inc. (WM). The simple moving average for the last 20 days is -2.79% for WM stock, with a simple moving average of 4.07% for the last 200 days.
Analysts’ Opinion of WM
Many brokerage firms have already submitted their reports for WM stocks, with Deutsche Bank repeating the rating for WM by listing it as a “Buy.” The predicted price for WM in the upcoming period, according to Deutsche Bank is $241 based on the research report published on May 22, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see WM reach a price target of $211. The rating they have provided for WM stocks is “Sector Perform” according to the report published on April 08th, 2024.
HSBC Securities gave a rating of “Hold” to WM, setting the target price at $210 in the report published on February 15th of the current year.
WM Trading at -2.13% 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 -9.24% of loss for the given period.
Volatility was left at 1.90%, however, over the last 30 days, the volatility rate increased by 2.31%, as shares sank -5.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.19% lower at present.
During the last 5 trading sessions, WM rose by +1.12%, which changed the moving average for the period of 200-days by +31.80% in comparison to the 20-day moving average, which settled at $209.46. In addition, Waste Management, Inc. saw 14.01% 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 Watson Michael J., who sale 1,500 shares at the price of $220.00 back on Jul 16 ’24. After this action, Watson Michael J. now owns 44,144 shares of Waste Management, Inc., valued at $330,000 using the latest closing price.
Watson Michael J., the Sr. VP-Chief Customer Officer of Waste Management, Inc., sale 4,208 shares at $204.28 during a trade that took place back on Jun 06 ’24, which means that Watson Michael J. is holding 45,644 shares at $859,631 based on the most recent closing price.
Stock Fundamentals for WM
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.34 for the gross margin
The net margin for Waste Management, Inc. stands at 0.12. The total capital return value is set at 0.13. Equity return is now at value 35.42, with 7.75 for asset returns.
Based on Waste Management, Inc. (WM), the company’s capital structure generated 0.69 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at 2.25. The interest coverage ratio of the stock is 15.61.
Currently, EBITDA for the company is 5.84 billion with net debt to EBITDA at 2.64. When we switch over and look at the enterprise to sales, we see a ratio of 4.7. The receivables turnover for the company is 7.04for 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 1.07.
Conclusion
To put it simply, Waste Management, Inc. (WM) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
