Badger Meter Inc. (NYSE: BMI) has a price-to-earnings ratio that is above its average at 53.81x. The stock has a 36-month beta value of 0.77. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for BMI is 29.29M, and at present, short sellers hold a 3.99% of that float. On October 18, 2024, the average trading volume of BMI was 166.33K shares.
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BMI) stock’s latest price update
Badger Meter Inc. (NYSE: BMI)’s stock price has plunge by -6.29relation to previous closing price of 219.77. Nevertheless, the company has seen a -9.13% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-17 that Badger Meter, Inc. (NYSE:BMI ) Q3 2024 Earnings Conference Call October 17, 2024 11:00 AM ET Company Participants Karen Bauer – VP of IR, Corporate Strategy and Treasurer Ken Bockhorst – Chairman, President and CEO Bob Wrocklage – CFO Conference Call Participants Scott Graham – Seaport Research Partners Andrew Krill – Deutsche Bank Robert Mason – Baird Adam Farley – Stifel Tate Sullivan – Maxim Group Operator Ladies and gentlemen, welcome to the Third Quarter 2024 Badger Meter Earnings Conference Call. [Operator Instructions] It’s now my pleasure to turn the conference over to Karen Bauer, Vice President of Investor Relations, Corporate Strategy and Treasurer.
BMI’s Market Performance
Badger Meter Inc. (BMI) has experienced a -9.13% fall in stock performance for the past week, with a -2.77% drop in the past month, and a 8.08% rise in the past quarter. The volatility ratio for the week is 2.87%, and the volatility levels for the past 30 days are at 2.13% for BMI. The simple moving average for the past 20 days is -6.54% for BMI’s stock, with a 13.07% simple moving average for the past 200 days.
Analysts’ Opinion of BMI
Many brokerage firms have already submitted their reports for BMI stocks, with Seaport Research Partners repeating the rating for BMI by listing it as a “Buy.” The predicted price for BMI in the upcoming period, according to Seaport Research Partners is $235 based on the research report published on September 11, 2024 of the current year 2024.
Maxim Group, on the other hand, stated in their research note that they expect to see BMI reach a price target of $207, previously predicting the price at $190. The rating they have provided for BMI stocks is “Buy” according to the report published on April 19th, 2024.
BMI Trading at -1.44% from the 50-Day Moving Average
After a stumble in the market that brought BMI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.75% of loss for the given period.
Volatility was left at 2.13%, however, over the last 30 days, the volatility rate increased by 2.87%, as shares sank -6.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.85% upper at present.
During the last 5 trading sessions, BMI fell by -9.13%, which changed the moving average for the period of 200-days by +31.69% in comparison to the 20-day moving average, which settled at $220.36. In addition, Badger Meter Inc. saw 33.41% 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 BMI starting from Stoll Kimberly K, who sale 1,097 shares at the price of $205.00 back on Aug 21 ’24. After this action, Stoll Kimberly K now owns 3,861 shares of Badger Meter Inc., valued at $224,885 using the latest closing price.
Stoll Kimberly K, the Officer of Badger Meter Inc., proposed sale 1,097 shares at $205.10 during a trade that took place back on Aug 21 ’24, which means that Stoll Kimberly K is holding shares at $225,000 based on the most recent closing price.
Stock Fundamentals for BMI
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.4 for the gross margin
The net margin for Badger Meter Inc. stands at 0.15. The total capital return value is set at 0.22. Equity return is now at value 21.73, with 15.67 for asset returns.
Currently, EBITDA for the company is 146.16 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 7.21. The receivables turnover for the company is 8.6for trailing twelve months and the total asset turnover is 1.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.69.
Conclusion
To sum up, Badger Meter Inc. (BMI) 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’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.
