The stock price of Edwards Lifesciences Corp (NYSE: EW) has jumped by 1.12 compared to previous close of 70.48. Despite this, the company has seen a gain of 1.97% in its stock price over the last five trading days. globenewswire.com reported 2024-11-25 that NEW YORK, Nov. 25, 2024 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Edwards Lifesciences Corp (“Edwards” or the “Company”) (NYSE: EW) in the United States District Court for the Central District of California on behalf of all persons and entities who purchased or otherwise acquired Edwards securities between February 6, 2024 and July 24, 2024, both dates inclusive (the “Class Period”). Investors have until December 13 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
Is It Worth Investing in Edwards Lifesciences Corp (NYSE: EW) Right Now?
The price-to-earnings ratio for Edwards Lifesciences Corp (NYSE: EW) is above average at 10.28x. The 36-month beta value for EW is also noteworthy at 1.12. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 7 rating it as “overweight,” 19 rating it as “hold,” and 0 rating it as “sell.”
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The public float for EW is 579.77M, and at present, short sellers hold a 1.33% of that float. The average trading volume of EW on November 26, 2024 was 6.03M shares.
EW’s Market Performance
The stock of Edwards Lifesciences Corp (EW) has seen a 1.97% increase in the past week, with a 2.72% rise in the past month, and a 2.36% gain in the past quarter. The volatility ratio for the week is 2.36%, and the volatility levels for the past 30 days are at 3.11% for EW. The simple moving average for the past 20 days is 4.94% for EW’s stock, with a -10.42% simple moving average for the past 200 days.
Analysts’ Opinion of EW
Many brokerage firms have already submitted their reports for EW stocks, with Morgan Stanley repeating the rating for EW by listing it as a “Equal-Weight.” The predicted price for EW in the upcoming period, according to Morgan Stanley is $70 based on the research report published on October 11, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see EW reach a price target of $70, previously predicting the price at $85. The rating they have provided for EW stocks is “Hold” according to the report published on September 18th, 2024.
EW Trading at 5.22% 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 -25.85% of loss for the given period.
Volatility was left at 3.11%, however, over the last 30 days, the volatility rate increased by 2.36%, as shares surge +4.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.75% upper at present.
During the last 5 trading sessions, EW rose by +1.97%, which changed the moving average for the period of 200-days by -16.16% in comparison to the 20-day moving average, which settled at $67.91. In addition, Edwards Lifesciences Corp saw -6.53% 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 $65.57 back on Nov 13 ’24. After this action, BOBO DONALD E JR now owns 46,936 shares of Edwards Lifesciences Corp, valued at $327,843 using the latest closing price.
BOBO DONALD E JR, the Officer of Edwards Lifesciences Corp, proposed sale 15,000 shares at $65.57 during a trade that took place back on Nov 13 ’24, which means that BOBO DONALD E JR is holding shares at $983,529 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
- 0.78 for the gross margin
The net margin for Edwards Lifesciences Corp stands at 0.71. The total capital return value is set at 0.14. Equity return is now at value 17.93, with 13.01 for asset returns.
Based on Edwards Lifesciences Corp (EW), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at 1.35. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is 57.44.
Currently, EBITDA for the company is 1.77 billion with net debt to EBITDA at -1.77. When we switch over and look at the enterprise to sales, we see a ratio of 6.65. The receivables turnover for the company is 7.24for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.46.
Conclusion
In summary, Edwards Lifesciences Corp (EW) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
