The stock of Edwards Lifesciences Corp (EW) has seen a 6.62% increase in the past week, with a -19.68% drop in the past month, and a -23.52% decrease in the past quarter. The volatility ratio for the week is 2.16%, and the volatility levels for the past 30 days are at 3.67% for EW. The simple moving average for the past 20 days is 1.21% for EW’s stock, with a -15.08% simple moving average for the past 200 days.
Is It Worth Investing in Edwards Lifesciences Corp (NYSE: EW) Right Now?
Edwards Lifesciences Corp (NYSE: EW) has a higher price-to-earnings ratio of 28.37x compared to its average ratio. EW has 36-month beta value of 1.12. Analysts have mixed views on the stock, with 9 analysts rating it as a “buy,” 7 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for EW is 590.81M, and currently, short sellers hold a 1.03% ratio of that float. The average trading volume of EW on August 19, 2024 was 4.66M shares.
EW) stock’s latest price update
Edwards Lifesciences Corp (NYSE: EW) has seen a rise in its stock price by 1.17 in relation to its previous close of 68.12. However, the company has experienced a 6.62% gain in its stock price over the last five trading sessions. newsfilecorp.com reported 2024-08-16 that Vancouver, British Columbia–(Newsfile Corp. – August 16, 2024) – East West Petroleum Corp. (TSXV: EW) (“East West” or the “Company”) announces that its shareholders have today approved its previously announced return of capital by way of a reduction in stated capital of the Company. In accordance with the special resolution passed by the shareholders, the board of directors of the Company has determined that the stated capital of the Company, which is currently $39,868,761, will be reduced by up to $3 million, pursuant to the Business Corporations Act (British Columbia), for the purposes of distributing to the holders of common shares of the Company a portion of the Company’s cash in the amount of $0.03 per common share (the “Distribution”).
Analysts’ Opinion of EW
Truist gave a rating of “Hold” to EW, setting the target price at $82 in the report published on July 25th of the current year.
EW Trading at -14.96% from the 50-Day Moving Average
After a stumble in the market that brought EW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.30% of loss for the given period.
Volatility was left at 3.67%, however, over the last 30 days, the volatility rate increased by 2.16%, as shares sank -20.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.85% lower at present.
During the last 5 trading sessions, EW rose by +6.62%, which changed the moving average for the period of 200-days by +10.52% in comparison to the 20-day moving average, which settled at $67.22. In addition, Edwards Lifesciences Corp saw -9.61% 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 EW starting from BOBO DONALD E JR, who sale 5,000 shares at the price of $66.08 back on Aug 14 ’24. After this action, BOBO DONALD E JR now owns 46,936 shares of Edwards Lifesciences Corp, valued at $330,420 using the latest closing price.
BOBO DONALD E JR, the Officer of Edwards Lifesciences Corp, proposed sale 15,000 shares at $66.08 during a trade that took place back on Aug 14 ’24, which means that BOBO DONALD E JR is holding shares at $991,260 based on the most recent closing price.
Stock Fundamentals for EW
Current profitability levels for the company are sitting at:
- 0.27 for the present operating margin
- 0.77 for the gross margin
The net margin for Edwards Lifesciences Corp stands at 0.25. The total capital return value is set at 0.18. Equity return is now at value 21.35, with 15.44 for asset returns.
Based on Edwards Lifesciences Corp (EW), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at 1.4. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is 58.31.
Currently, EBITDA for the company is 1.95 billion with net debt to EBITDA at -0.55. When we switch over and look at the enterprise to sales, we see a ratio of 6.76. The receivables turnover for the company is 7.19for trailing twelve months and the total asset turnover is 0.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.71.
Conclusion
To put it simply, Edwards Lifesciences Corp (EW) has had a bad performance in recent times. Analysts have a bullish 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.
