A new trading day began on Tuesday, with Waste Management, Inc. (NYSE: WM) stock price up 0.60% from the previous day of trading, before settling in for the closing price of $207.53. WM’s price has ranged from $149.71 to $214.54 over the past 52 weeks.
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Industrials Sector giant saw their annual sales surged by 6.69% over the last five years. Meanwhile, its annual earnings per share averaged 11.63%. With a float of $400.62 million, this company’s outstanding shares have now reached $401.46 million.
The firm has a total of 48000 workers. Let’s measure their productivity.
Waste Management, Inc. (WM) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Waste Management Industry. The insider ownership of Waste Management, Inc. is 0.24%, while institutional ownership is 83.00%. The most recent insider transaction that took place on Mar 01 ’24, was worth 7,401,797. In this transaction Pres, Chief Executive Officer of this company sold 36,207 shares at a rate of $204.43, taking the stock ownership to the 198,345 shares. Before that another transaction happened on Mar 01 ’24, when Company’s SVP of Enterprise Strategy sold 840 for $204.86, making the entire transaction worth $172,082. This insider now owns 14,067 shares in total.
Waste Management, Inc. (WM) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 11.63% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to 4.94% growth over the previous five years of trading.
Waste Management, Inc. (NYSE: WM) Trading Performance Indicators
Here are Waste Management, Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.86. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.10. Likewise, its price to free cash flow for the trailing twelve months is 45.97.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.66, a number that is poised to hit 1.51 in the next quarter and is forecasted to reach 7.83 in one year’s time.
Technical Analysis of Waste Management, Inc. (WM)
Analysing the last 5-days average volume posted by the [Waste Management, Inc., WM], we can find that recorded value of 1.31 million was lower than the volume posted last year of 1.66 million. As of the previous 9 days, the stock’s Stochastic %D was 70.45%. Additionally, its Average True Range was 2.28.
During the past 100 days, Waste Management, Inc.’s (WM) raw stochastic average was set at 87.43%, which indicates a significant increase from 61.68% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 10.79% in the past 14 days, which was lower than the 13.70% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $207.34, while its 200-day Moving Average is $177.94. Now, the first resistance to watch is $210.20. This is followed by the second major resistance level at $211.62. The third major resistance level sits at $213.10. If the price goes on to break the first support level at $207.30, it is likely to go to the next support level at $205.82. Should the price break the second support level, the third support level stands at $204.40.
Waste Management, Inc. (NYSE: WM) Key Stats
With a market capitalization of 83.85 billion, the company has a total of 401,297K Shares Outstanding. Currently, annual sales are 20,426 M while annual income is 2,304 M. The company’s previous quarter sales were 5,217 M while its latest quarter income was 493,000 K.
