The stock of Middlesex Water Co (MSEX) has seen a -8.06% decrease in the past week, with a -18.50% drop in the past month, and a -15.64% decrease in the past quarter. The volatility ratio for the week is 4.42%, and the volatility levels for the past 30 days are at 3.14% for MSEX. The simple moving average for the past 20 days is -10.77% for MSEX’s stock, with a -8.66% simple moving average for the past 200 days.
Is It Worth Investing in Middlesex Water Co (NASDAQ: MSEX) Right Now?
The price-to-earnings ratio for Middlesex Water Co (NASDAQ: MSEX) is above average at 23.59x. The 36-month beta value for MSEX is also noteworthy at 0.83. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for MSEX is 17.38M, and at present, short sellers hold a 4.73% of that float. The average trading volume of MSEX on December 25, 2024 was 90.27K shares.
MSEX) stock’s latest price update
The stock price of Middlesex Water Co (NASDAQ: MSEX) has dropped by -0.30 compared to previous close of 53.66. Despite this, the company has seen a fall of -8.06% in its stock price over the last five trading days. zacks.com reported 2024-12-18 that Despite near-term weakness in water supply, companies like AWK, SJW and MSEX are poised to benefit from their strong customer base and systematic investments that enable them to serve customers efficiently.
Analysts’ Opinion of MSEX
Many brokerage firms have already submitted their reports for MSEX stocks, with BofA Securities repeating the rating for MSEX by listing it as a “Underperform.” The predicted price for MSEX in the upcoming period, according to BofA Securities is $56 based on the research report published on December 11, 2024 of the current year 2024.
Robert W. Baird, on the other hand, stated in their research note that they expect to see MSEX reach a price target of $58. The rating they have provided for MSEX stocks is “Neutral” according to the report published on August 05th, 2024.
MSEX Trading at -15.70% from the 50-Day Moving Average
After a stumble in the market that brought MSEX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.36% of loss for the given period.
Volatility was left at 3.14%, however, over the last 30 days, the volatility rate increased by 4.42%, as shares sank -21.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.17% lower at present.
During the last 5 trading sessions, MSEX fell by -9.25%, which changed the moving average for the period of 200-days by +3.78% in comparison to the 20-day moving average, which settled at $59.92. In addition, Middlesex Water Co saw -17.40% 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 MSEX starting from Capko Robert John, who sale 143 shares at the price of $69.31 back on Nov 08 ’24. After this action, Capko Robert John now owns 0 shares of Middlesex Water Co, valued at $9,911 using the latest closing price.
REINHARD WALTER G, the Director of Middlesex Water Co, sale 500 shares at $61.95 during a trade that took place back on Aug 27 ’24, which means that REINHARD WALTER G is holding 6,651 shares at $30,977 based on the most recent closing price.
Stock Fundamentals for MSEX
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.43 for the gross margin
The net margin for Middlesex Water Co stands at 0.23. The total capital return value is set at 0.04. Equity return is now at value 9.55, with 3.34 for asset returns.
Based on Middlesex Water Co (MSEX), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 0.85. The interest coverage ratio of the stock is 3.48.
Currently, EBITDA for the company is 71.27 million with net debt to EBITDA at 4.4. When we switch over and look at the enterprise to sales, we see a ratio of 7.25. The receivables turnover for the company is 5.08for trailing twelve months and the total asset turnover is 0.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.65.
Conclusion
In summary, Middlesex Water Co (MSEX) has had a bad performance as of late. Analysts have mixed 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.
