Let’s look at the key reasons that are pushing Zurn Elkay Water Solutions Corp (ZWS) to new highs

On Tuesday, Zurn Elkay Water Solutions Corp (NYSE: ZWS) was 1.66% jump from the session before ,before settling in for the closing price of $31.99. A 52-week range for ZWS has been $20.03 – $34.58.

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Industrials Sector giant saw their annual sales surged by 0.20% over the last five years. When this article was written, the company’s average yearly earnings per share was at 17.91%. With a float of $142.99 million, this company’s outstanding shares have now reached $172.26 million.

The firm has a total of 2400 workers. Let’s measure their productivity.

Zurn Elkay Water Solutions Corp (ZWS) Breakdown of a Key Holders of the stock

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Zurn Elkay Water Solutions Corp stocks. The insider ownership of Zurn Elkay Water Solutions Corp is 16.87%, while institutional ownership is 84.79%. The most recent insider transaction that took place on Apr 08 ’24, was worth 1,597,984. In this transaction 10% Owner of this company sold 49,828 shares at a rate of $32.07, taking the stock ownership to the 24,948,932 shares. Before that another transaction happened on Apr 05 ’24, when Company’s 10% Owner sold 50,172 for $32.18, making the entire transaction worth $1,614,535. This insider now owns 24,998,760 shares in total.

Zurn Elkay Water Solutions Corp (ZWS) Recent Fiscal highlights

Going through the last 3-months fiscal report unveiled on the 12/30/2023, it has been observed that the corporation posted $0.26 earnings per share (EPS) during the time that was better than consensus figure (set at $0.23) by $0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.3 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 17.91% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.28% during the next five years compared to 18.47% growth over the previous five years of trading.

Zurn Elkay Water Solutions Corp (NYSE: ZWS) Trading Performance Indicators

You can see what Zurn Elkay Water Solutions Corp (ZWS) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.77. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.65. Likewise, its price to free cash flow for the trailing twelve months is 24.05.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.64, a number that is poised to hit 0.26 in the next quarter and is forecasted to reach 1.28 in one year’s time.

Technical Analysis of Zurn Elkay Water Solutions Corp (ZWS)

Analysing the last 5-days average volume posted by the [Zurn Elkay Water Solutions Corp, ZWS], we can find that recorded value of 0.61 million was lower than the volume posted last year of 0.97 million. As of the previous 9 days, the stock’s Stochastic %D was 37.66%. Additionally, its Average True Range was 0.80.

During the past 100 days, Zurn Elkay Water Solutions Corp’s (ZWS) raw stochastic average was set at 70.70%, which indicates a significant increase from 45.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.80% in the past 14 days, which was lower than the 25.36% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $31.80, while its 200-day Moving Average is $29.23. Now, the first resistance to watch is $32.86. This is followed by the second major resistance level at $33.19. The third major resistance level sits at $33.80. If the price goes on to break the first support level at $31.92, it is likely to go to the next support level at $31.31. Now, if the price goes above the second support level, the third support stands at $30.98.

Zurn Elkay Water Solutions Corp (NYSE: ZWS) Key Stats

There are 173,134K outstanding shares of the company, which has a market capitalization of 5.59 billion. As of now, sales total 1,531 M while income totals 112,700 K. Its latest quarter income was 356,800 K while its last quarter net income were 13,900 K.