Aris Water Solutions Inc (NYSE:ARIS) price on Thursday, February 27, rose 20.73% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $30.98.
A look at the stock’s price movement, the close in the last trading session was $25.66. The PE ratio in trailing twelve months stood at 38.35. Turning to its 52-week performance, $30.40 and $9.76 were the 52-week high and 52-week low respectively. Overall, ARIS moved 14.78% over the past month.
Aris Water Solutions Inc’s market cap currently stands at around $1.80 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.41, with its dividend yield at 1.31%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 117.4M for the company’s revenue for the quarter, with a low and high estimate of 117.4M and 117.4M respectively. The average forecast suggests up to a 13.53% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 498.1M, representing a 14.39% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ARIS is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 4 recommend ARIS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 2.23, with ARIS’s current price about 13.31% and 16.66% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 63.40, while 7-day volatility ratio is 9.47% and 6.11% in the 30-day chart. Further, Aris Water Solutions Inc (ARIS) has a beta value of 1.93, and an average true range (ATR) of 1.84. Analysts have given the company’s stock an average 52-week price target of $21, forecast between a low of $21 and high of $21. Looking at the price targets, the low is 32.21% off current price level while to achieve the yearly target high, price needs to move 32.21%. Nonetheless, investors will most likely welcome a 32.21% jump to $21 which is the analysts’ median price.
If we refocus on Aris Water Solutions Inc (NYSE:ARIS), historical trading data shows that trading volumes averaged 721.45K over the past 3 months. The company’s latest data on shares outstanding shows there are 30.25 million shares.
The 13.30% of Aris Water Solutions Inc’s shares are in the hands of company insiders while institutional holders own 91.76% of the company’s shares. Current price change has pushed the stock 29.35% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ARIS stock continues to rise going into the next quarter.
