Aris Water Solutions Inc (NYSE:ARIS) shares, rose in value on Friday, November 22, with the stock price down by -1.60% to the previous day’s close as strong demand from buyers drove the stock to $26.99.
Actively observing the price movement in the last trading, the stock closed the session at $27.43, falling within a range of $26.73 and $27.43. The value of beta (5-year monthly) was 1.616 whereas the PE ratio was 33.45 over 12-month period. Referring to stock’s 52-week performance, its high was $27.58, and the low was $7.22. On the whole, ARIS has fluctuated by 76.52% over the past month.
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With the market capitalization of Aris Water Solutions Inc currently standing at about $1.57 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 0.39, with its dividend yield at 1.44%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 427.05M, with a low estimate of 108M and a high estimate of 112M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 109.71M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ARIS’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.57, with the price of ARIS currently trading nearly 22.89% and 43.36% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 78.28, while the 7-day volatility ratio is showing 4.46% which for the 30-day chart, stands at 5.88%. Furthermore, Aris Water Solutions Inc (ARIS)’s beta value is 1.85, and its average true range (ATR) is 1.12.
A comparison of Aris Water Solutions Inc (ARIS) with its peers suggests the former has fared considerably weaker in the market. ARIS showed an intraday change of -1.60% in last session, and over the past year, it grew by 235.70%%.
Data on historical trading for Aris Water Solutions Inc (NYSE:ARIS) indicates that the trading volumes over the past 10 days have averaged 0.53 and over the past 3 months, they’ve averaged 396.79K. According to company’s latest data on outstanding shares, there are 30.25 million shares outstanding.
Nearly 16.35% of Aris Water Solutions Inc’s shares belong to company insiders and institutional investors own 90.94% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.89 million shares as on 2024-10-31, resulting in a short ratio of 2.76. According to the data, the short interest in Aris Water Solutions Inc (ARIS) stood at 334.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 1.19 million. The stock has risen by 221.69% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ARIS stock heading into the next quarter.
