Aris Water Solutions Inc (NYSE:ARIS) shares, rose in value on Friday, January 03, with the stock price up by 1.02% to the previous day’s close as strong demand from buyers drove the stock to $24.69.
Actively observing the price movement in the last trading, the stock closed the session at $24.44, falling within a range of $24.51 and $25.185. The value of beta (5-year monthly) was 1.616 whereas the PE ratio was 30.60 over 12-month period. Referring to stock’s 52-week performance, its high was $27.94, and the low was $7.74. On the whole, ARIS has fluctuated by -10.28% over the past month.
With the market capitalization of Aris Water Solutions Inc currently standing at about $1.44 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.41, with its dividend yield at 1.64%.
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 50% 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 2.35, with the price of ARIS currently trading nearly -0.82% and 5.36% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.16, while the 7-day volatility ratio is showing 4.22% which for the 30-day chart, stands at 4.80%. Furthermore, Aris Water Solutions Inc (ARIS)’s beta value is 1.94, and its average true range (ATR) is 1.15.
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 1.02% in last session, and over the past year, it grew by 183.79%%.
Data on historical trading for Aris Water Solutions Inc (NYSE:ARIS) indicates that the trading volumes over the past 10 days have averaged 0.56 and over the past 3 months, they’ve averaged 450.38K. According to company’s latest data on outstanding shares, there are 30.58 million shares outstanding.
Nearly 24.72% of Aris Water Solutions Inc’s shares belong to company insiders and institutional investors own 90.79% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.67 million shares as on 2024-12-13, resulting in a short ratio of 4.64. According to the data, the short interest in Aris Water Solutions Inc (ARIS) stood at 626.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 1.71 million. The stock has risen by 3.09% 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.
