Aris Water Solutions Inc (NYSE:ARIS) price closed higher on Monday, November 11 and jumping 6.81% above its previous close.
A look at the daily price movement shows that the last close reads $23.65, with intraday deals fluctuated between $24.0861 and $25.575. The company’s 5Y monthly beta was ticking 1.616 while its P/E ratio in the trailing 12-month period read 31.31. Taking into account the 52-week price action we note that the stock hit a 52-week high of $23.71 and 52-week low of $7.22. The stock added 45.17% on its value in the past month.
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Aris Water Solutions Inc, which has a market valuation of $1.57 billion, is expected to release its quarterly earnings report in December. The company stock has a Forward Dividend ratio of 0.39, while the dividend yield is 1.54%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
On average, analysts have forecast the company’s revenue for the quarter will hit 108.67M, with the likely lows of 103.43M and highs of 112M. The average estimate suggests sales growth for the quarter will likely rise by 4.40% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of 425.34M for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow 8.50% above that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give ARIS a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 6 analysts have assigned ARIS a recommendation rating as follows: 2 rate it as a Hold; 4 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Aris Water Solutions Inc (ARIS) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 2.41. The overview shows that ARIS’s price is at present 42.97% off the SMA20 and 47.91% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 85.06, with weekly volatility standing at 10.78%. The indicator jumps to 5.71% when calculated based on the past 30 days. Aris Water Solutions Inc (NYSE:ARIS)’s beta value is holding at 1.78, while the average true range (ATR) indicator is currently reading 1.18. Considering analysts have assigned the stock a price target range of $17-$22 as the low and high respectively, we find the trailing 12-month average consensus price target to be $20. Based on this estimate, we see that current price is roughly 32.7% off the estimated low and 12.91% off the forecast high. Investors will no doubt be excited to see the share price rise to $20, which is the median consensus price, and at that level ARIS would be 20.82% from current price.
An analysis of the Aris Water Solutions Inc (NYSE:ARIS) stock in terms of its daily trading volume indicates that the 3-month average is 387.47K. However, this figure increases on the past 10-day timeline to an average of 0.67 million.
Current records show that the company has 30.25M in outstanding shares. The insiders’ percentage holdings are 16.54% of outstanding shares while the percentage share held by institutions stands at 87.61%. The stats also highlight that short interest as of 2024-10-15, stood at 1.16 million shares, which puts the short ratio at the time at 3.77. From this we can glean that short interest is 437.00 of company’s current outstanding shares. Notably, we see that shares short in October rose slightly given the previous month’s figure stood at 0.83 million. But the 201.07% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
