Zurn Elkay Water Solutions Corp (NYSE:ZWS) shares, rose in value on Friday, May 09, with the stock price up by 0.09% to the previous day’s close as strong demand from buyers drove the stock to $35.20.
Actively observing the price movement in the last trading, the stock closed the session at $35.17. The PE ratio was 35.99 over 12-month period. Referring to stock’s 52-week performance, its high was $41.15, and the low was $27.74. On the whole, ZWS has fluctuated by 16.67% over the past month.
With the market capitalization of Zurn Elkay Water Solutions Corp currently standing at about $5.92 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.34, with its dividend yield at 0.97%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.62B, with a low estimate of 422M and a high estimate of 428.89M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 424.78M.
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% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 4.63, with the price of ZWS currently trading nearly 7.65% and 7.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.94, while the 7-day volatility ratio is showing 2.01% which for the 30-day chart, stands at 2.93%. Furthermore, Zurn Elkay Water Solutions Corp (ZWS)’s beta value is 1.03, and its average true range (ATR) is 1.00.
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 0.09% in last session, and over the past year, it grew by 8.98%%.
Data on historical trading for Zurn Elkay Water Solutions Corp (NYSE:ZWS) indicates that the trading volumes over the past 3 months, they’ve averaged 1.15 million. According to company’s latest data on outstanding shares, there are 168.52 million shares outstanding.
Nearly 11.45% of Zurn Elkay Water Solutions Corp’s shares belong to company insiders and institutional investors own 90.25% of the company’s shares. The stock has fallen by -5.63% 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.
