The trading price of Zurn Elkay Water Solutions Corp (NYSE:ZWS) floating lower at last check on current market day and closing at $36.00, -2.39% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $35.7 and $36.19. The company’s P/E ratio in the trailing 12-month period was 39.12, while its 5Y monthly beta was 0.958. In examining the 52-week price action we see that the stock hit a 52-week high of $41.15 and a 52-week low of $28.25. Over the past month, the stock has lost -1.91% in value.
Zurn Elkay Water Solutions Corp, whose market valuation is $6.12 billion at the time of this writing, is expected to release its quarterly earnings report in March. The dividend yield on the company stock is 0.92%, while its Forward Dividend ratio is 0.33. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.29 per share this quarter, however they have predicted annual earnings per share of 1.34 for current year and 1.5 for next year.
Analysts have forecast the company to bring in revenue of 383.87M for the current quarter, with the likely lows of 381.28M and highs of 387.5M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 1.62B.
On the technical side, indicators suggest ZWS has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned ZWS a recommendation rating is 2. Out of them, 0 rate it a Hold, while 2 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Zurn Elkay Water Solutions Corp (ZWS) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 4.03, which symbolizes a positive outlook. A quick review shows that ZWS’s price is currently -6.39% off the SMA20 and -6.41% off the SMA50. The RSI metric on the 14-day chart is currently showing 31.52, and weekly volatility stands at 3.03%. When measured over the past 30 days, the indicator reaches 2.16%. Zurn Elkay Water Solutions Corp (NYSE:ZWS)’s beta value is currently sitting at 1.16, while the Average True Range indicator is currently displaying 0.92. With analysts defining $39-$39 as the low and high price targets, we arrive at a consensus price target of $39 for the trailing 12-month period. The current price is about -8.33% off the estimated low and -8.33% off the forecast high, based on this estimate. Investors will be thrilled if ZWS’s share price rises to $39, which is the median consensus price. At that level, ZWS’s share price would be -8.33% below current price.
To see how Zurn Elkay Water Solutions Corp stock has been performing today in comparison to its peers in the industry, here are the numbers: ZWS stock’s performance was -2.39% at last check in today’s session, and 11.76% in the past year. Zurn Elkay Water Solutions Corp has a P/E ratio of 39.12.
An evaluation of the daily trading volume of Zurn Elkay Water Solutions Corp (NYSE:ZWS) indicates that the 3-month average is 873.44K. However, this figure has increased over the past 10 days to an average of 0.9.
Currently, records show that 170.31 million of the company’s shares remain outstanding. The insiders hold 17.53% of outstanding shares, whereas institutions hold 89.23%. The stats also highlight that short interest as of 2025-01-15, stood at 6.86 million shares, resulting in a short ratio of 7.65 at that time. From this, we can conclude that short interest is 486.00 of the company’s total outstanding shares. It is noteworthy that short shares in January were down slightly from the previous month’s figure, which was 7.41 million. However, since the stock’s price has seen -3.49% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
