Mueller Water Products Inc (NYSE: MWA)’s stock price has gone rise by 2.31 in comparison to its previous close of 20.89, however, the company has experienced a 4.06% increase in its stock price over the last five trading days. zacks.com reported 2024-08-27 that Mueller Water Products (MWA) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company’s fundamentals for clues.
Is It Worth Investing in Mueller Water Products Inc (NYSE: MWA) Right Now?
Mueller Water Products Inc (NYSE: MWA) has a price-to-earnings ratio that is above its average at 27.21x. The stock has a 36-month beta value of 1.34. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 3 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for MWA is 152.87M, and at present, short sellers hold a 1.58% of that float. On August 28, 2024, the average trading volume of MWA was 1.26M shares.
MWA’s Market Performance
MWA’s stock has seen a 4.06% increase for the week, with a 4.16% rise in the past month and a 17.56% gain in the past quarter. The volatility ratio for the week is 1.62%, and the volatility levels for the past 30 days are at 2.44% for Mueller Water Products Inc The simple moving average for the past 20 days is 5.54% for MWA’s stock, with a 30.18% simple moving average for the past 200 days.
Analysts’ Opinion of MWA
Many brokerage firms have already submitted their reports for MWA stocks, with TD Cowen repeating the rating for MWA by listing it as a “Hold.” The predicted price for MWA in the upcoming period, according to TD Cowen is $20 based on the research report published on August 09, 2024 of the current year 2024.
Oppenheimer, on the other hand, stated in their research note that they expect to see MWA reach a price target of $19. The rating they have provided for MWA stocks is “Outperform” according to the report published on April 18th, 2024.
MWA Trading at 10.02% from the 50-Day Moving Average
After a stumble in the market that brought MWA to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.82% of gains for the given period.
Volatility was left at 2.44%, however, over the last 30 days, the volatility rate increased by 1.62%, as shares surge +3.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.28% upper at present.
During the last 5 trading sessions, MWA rose by +4.07%, which changed the moving average for the period of 200-days by +67.52% in comparison to the 20-day moving average, which settled at $20.29. In addition, Mueller Water Products Inc saw 48.43% 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 MWA starting from HANSEN THOMAS J, who sale 10,791 shares at the price of $20.55 back on Aug 19 ’24. After this action, HANSEN THOMAS J now owns 102,792 shares of Mueller Water Products Inc, valued at $221,800 using the latest closing price.
HANSEN THOMAS J, the Director of Mueller Water Products Inc, proposed sale 10,791 shares at $20.55 during a trade that took place back on Aug 19 ’24, which means that HANSEN THOMAS J is holding shares at $221,800 based on the most recent closing price.
Stock Fundamentals for MWA
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.34 for the gross margin
The net margin for Mueller Water Products Inc stands at 0.1. The total capital return value is set at 0.14. Equity return is now at value 16.35, with 8.04 for asset returns.
Based on Mueller Water Products Inc (MWA), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.45. The debt to equity ratio resting at 0.57. The interest coverage ratio of the stock is 11.66.
Currently, EBITDA for the company is 196.4 million with net debt to EBITDA at 0.89. When we switch over and look at the enterprise to sales, we see a ratio of 2.79. The receivables turnover for the company is 5.8for trailing twelve months and the total asset turnover is 0.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.70.
Conclusion
To sum up, Mueller Water Products Inc (MWA) has seen a better 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.
