The key reasons why Waste Management, Inc. (WM) is -6.61% away from 52-week high?

Witnessing the stock’s movement on the chart, on Thursday, Waste Management, Inc. (NYSE: WM) set off with pace as it heaved 0.35% to $210.12, before settling in for the price of $209.38 at the close. Taking a more long-term approach, WM posted a 52-week range of $149.71-$225.00.

The Industrials Sector giants’ yearly sales growth during the last 5-year period was 6.69%. Meanwhile, its Annual Earning per share during the time was 4.94%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 17.15%. This publicly-traded company’s shares outstanding now amounts to $401.46 million, simultaneously with a float of $400.48 million. The organization now has a market capitalization sitting at $84.32 billion. At the time of writing, stock’s 50-day Moving Average stood at $209.18, while the 200-day Moving Average is $198.17.

Waste Management, Inc. (WM) Ownership Facts and Figures

Nothing is more important than checking the behaviour of major investors towards the stock of the Waste Management industry. Waste Management, Inc.’s current insider ownership accounts for 0.21%, in contrast to 84.06% institutional ownership. According to the most recent insider trade that took place on Jul 16 ’24, this organization’s Sr. VP-Chief Customer Officer sold 1,500 shares at the rate of 220.00, making the entire transaction reach 330,000 in total value, affecting insider ownership by 44,144. Preceding that transaction, on Jun 06 ’24, Company’s Sr. VP-Chief Customer Officer sold 4,208 for 204.28, making the whole transaction’s value amount to 859,631. This particular insider is now the holder of 45,644 in total.

Waste Management, Inc. (WM) Earnings and Revenue Records

Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.82 per share during the current fiscal year.

Waste Management, Inc.’s EPS increase for this current 12-month fiscal period is 17.15% and is forecasted to reach 8.00 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 12.35% through the next 5 years, which can be compared against the 4.94% growth it accomplished over the previous five years trading on the market.

Waste Management, Inc. (NYSE: WM) Trading Performance Indicators

Let’s observe the current performance indicators for Waste Management, Inc. (WM). It’s Quick Ratio in the last reported quarter now stands at 1.03. The Stock has managed to achieve an average true range (ATR) of 3.12. Alongside those numbers, its PE Ratio stands at $33.38, and its Beta score is 0.75. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 4.02. Similarly, its price to free cash flow for trailing twelve months is now 39.85.

In the same vein, WM’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 6.29, a figure that is expected to reach 1.89 in the next quarter, and analysts are predicting that it will be 8.00 at the market close of one year from today.

Technical Analysis of Waste Management, Inc. (WM)

Going through the that latest performance of [Waste Management, Inc., WM]. Its last 5-days volume of 1.29 million was inferior to the volume of 1.7 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 96.18% While, its Average True Range was 2.82.

Raw Stochastic average of Waste Management, Inc. (WM) in the period of the previous 100 days is set at 47.62%, which indicates a major fall in contrast to 93.29% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 16.68% that was lower than 21.01% volatility it exhibited in the past 100-days period.