Zurn Elkay Water Solutions Corp (NYSE:ZWS) shares, rose in value on Friday, January 03, with the stock price up by 0.43% to the previous day’s close as strong demand from buyers drove the stock to $37.06.
Actively observing the price movement in the last trading, the stock closed the session at $36.90, falling within a range of $36.43 and $37.2595. The value of beta (5-year monthly) was 0.958 whereas the PE ratio was 47.00 over 12-month period. Referring to stock’s 52-week performance, its high was $41.15, and the low was $27.55. On the whole, ZWS has fluctuated by -8.09% over the past month.
With the market capitalization of Zurn Elkay Water Solutions Corp currently standing at about $6.29 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.33, with its dividend yield at 0.89%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.56B, with a low estimate of 365M and a high estimate of 369.3M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 366.76M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ZWS’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 50% 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 2.96, with the price of ZWS currently trading nearly -4.05% and -3.96% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.06, while the 7-day volatility ratio is showing 1.94% which for the 30-day chart, stands at 1.95%. Furthermore, Zurn Elkay Water Solutions Corp (ZWS)’s beta value is 1.16, and its average true range (ATR) is 0.76.
A comparison of Zurn Elkay Water Solutions Corp (ZWS) with its peers suggests the former has fared considerably weaker in the market. ZWS showed an intraday change of 0.43% in last session, and over the past year, it grew by 31.51%%.
Data on historical trading for Zurn Elkay Water Solutions Corp (NYSE:ZWS) indicates that the trading volumes over the past 10 days have averaged 0.97 and over the past 3 months, they’ve averaged 993.32K. According to company’s latest data on outstanding shares, there are 169.85 million shares outstanding.
Nearly 16.26% of Zurn Elkay Water Solutions Corp’s shares belong to company insiders and institutional investors own 92.48% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.41 million shares as on 2024-12-13, resulting in a short ratio of 9.5. According to the data, the short interest in Zurn Elkay Water Solutions Corp (ZWS) stood at 525.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 7.53 million. The stock has fallen by -0.64% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ZWS stock heading into the next quarter.
