Last month’s performance of 6.10% for Middlesex Water Co. (MSEX) is certainly impressive

On Friday, Middlesex Water Co. (NASDAQ: MSEX) was -3.38% drop from the session before settling in for the closing price of $67.38. A 52-week range for MSEX has been $45.42 – $73.47.

A company in the Utilities sector has jumped its sales by 3.92% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at 27.27%. With a float of $17.34 million, this company’s outstanding shares have now reached $17.82 million.

In an organization with 355 employees, it is important to assess its efficiency.

Middlesex Water Co. (MSEX) Insider and Institutional Ownership

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Middlesex Water Co. stocks. The insider ownership of Middlesex Water Co. is 2.76%, while institutional ownership is 71.91%. The most recent insider transaction that took place on Aug 27 ’24, was worth 30,977. In this transaction Director of this company sold 500 shares at a rate of $61.95, taking the stock ownership to the 6,651 shares. Before that another transaction happened on May 22 ’24, when Company’s Director sold 857 for $57.16, making the entire transaction worth $48,986. This insider now owns 0 shares in total.

Middlesex Water Co. (MSEX) Latest Financial update

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.36 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 27.27% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.70% during the next five years compared to -2.08% drop over the previous five years of trading.

Middlesex Water Co. (NASDAQ: MSEX) Trading Performance Indicators

You can see what Middlesex Water Co. (MSEX) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.85. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.63.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.06, a number that is poised to hit 0.70 in the next quarter and is forecasted to reach 2.31 in one year’s time.

Technical Analysis of Middlesex Water Co. (MSEX)

Let’s dig in a bit further. During the last 5-days, its volume was 0.23 million. That was better than the volume of 0.15 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 72.28%. Additionally, its Average True Range was 1.94.

During the past 100 days, Middlesex Water Co.’s (MSEX) raw stochastic average was set at 81.98%, which indicates a significant increase from 52.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.00% in the past 14 days, which was higher than the 32.99% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $62.95, while its 200-day Moving Average is $57.28. However, in the short run, Middlesex Water Co.’s stock first resistance to watch stands at $67.12. Second resistance stands at $69.13. The third major resistance level sits at $70.83. If the price goes on to break the first support level at $63.41, it is likely to go to the next support level at $61.71. The third support level lies at $59.70 if the price breaches the second support level.

Middlesex Water Co. (NASDAQ: MSEX) Key Stats

There are 17,829K outstanding shares of the company, which has a market capitalization of 1.16 billion. As of now, sales total 166,270 K while income totals 31,520 K. Its latest quarter income was 49,150 K while its last quarter net income were 10,550 K.