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What Is The Deal With Evoqua Water Technologies Corp. (NYSE: AQUA) Stock?

Evoqua Water Technologies Corp. (NYSE:AQUA) traded at $48.73 at last check on Tuesday, January 24, made an upward move of 3.07% on its previous day’s price.

Looking at the stock we see that its previous close was $47.28 and the beta (5Y monthly) reads 1.70 with the day’s price range being $44.82 – $47.53. The company has a trailing 12-month PE ratio of 81.80. In terms of its 52-week price range, AQUA has a high of $48.05 and a low of $30.44. The company’s stock has gained about 21.79% over that past 30 days.

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Evoqua Water Technologies Corp. has a market cap of $5.65 billion and is expected to release its quarterly earnings report on Jan 30, 2023 – Feb 03, 2023. Estimates by analysts give the company expected earnings per share (EPS) of $0.32, with the EPS growth for the year raised at $0.85 for 2022 and $1.01 for next year. These figures represent 23.20% and 18.80% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $467.49 million, with a low of $454 million and a high of $483.1 million. The median projection represents growth squeezing down to 9.70% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $1.7 billion, or 16.00% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the AQUA stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Looking further, we note that the PEG ratio for the AQUA stock currently stands at 5.45, and the most recent price level today is 19.57% off its SMA20 and 16.86% from its 50-day simple moving average. The RSI (14) is pointing at 72.21 while the volatility over the past week is 3.35% and jumps to 3.12% over the past one month. The beta value is 1.76, while the average true range (ATR) is currently pointing at 1.65.

Coming back to Evoqua Water Technologies Corp. (NYSE:AQUA), we note that the average 3-month trading volume was 888.33K, while that of the preceding 10-day period stands at 2.3 million. Current shares outstanding are 121.64 million.

The insiders hold 1.30% of the company’s shares. The data shows that short shares as of Oct 13, 2022, stood at 2.6 million at a short ratio of 4.06. This represents a 2.14% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 2.11 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 19.39% up in year-to-date price movement.

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