On Friday, Edwards Lifesciences Corp (NYSE: EW) opened higher 0.14% from the last session, before settling in for the closing price of $70.38. Price fluctuations for EW have ranged from $58.93 to $96.12 over the past 52 weeks.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 10.28%. Company’s average yearly earnings per share was noted 2.50% at the time writing. With a float of $579.77 million, this company’s outstanding shares have now reached $601.10 million.
Let’s determine the extent of company efficiency that accounts for 19800 employees. In terms of profitability, gross margin is 77.85%, operating margin of 27.19%, and the pretax margin is 27.59%.
Edwards Lifesciences Corp (EW) Insider Activity
A key investor’s attitude towards the stock of the Medical Devices industry is another important factor to consider. The insider ownership of Edwards Lifesciences Corp is 1.70%, while institutional ownership is 84.47%. The most recent insider transaction that took place on Nov 13 ’24, was worth 327,843. In this transaction CVP,Strategy/Corp Development of this company sold 5,000 shares at a rate of $65.57, taking the stock ownership to the 46,936 shares. Before that another transaction happened on Nov 13 ’24, when Company’s Officer proposed sale 15,000 for $65.57, making the entire transaction worth $983,529.
Edwards Lifesciences Corp (EW) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.64 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.64) by 0. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.59 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 2.50% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.00% during the next five years compared to 15.35% growth over the previous five years of trading.
Edwards Lifesciences Corp (NYSE: EW) Trading Performance Indicators
Check out the current performance indicators for Edwards Lifesciences Corp (EW). In the past quarter, the stock posted a quick ratio of 2.89. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.09. Likewise, its price to free cash flow for the trailing twelve months is 80.75.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.93, a number that is poised to hit 0.55 in the next quarter and is forecasted to reach 2.45 in one year’s time.
Technical Analysis of Edwards Lifesciences Corp (EW)
Looking closely at Edwards Lifesciences Corp (NYSE: EW), its last 5-days average volume was 4.55 million, which is a drop from its year-to-date volume of 4.64 million. As of the previous 9 days, the stock’s Stochastic %D was 84.71%. Additionally, its Average True Range was 1.93.
During the past 100 days, Edwards Lifesciences Corp’s (EW) raw stochastic average was set at 31.80%, which indicates a significant decrease from 90.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.55% in the past 14 days, which was lower than the 64.98% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $67.70, while its 200-day Moving Average is $79.63. However, in the short run, Edwards Lifesciences Corp’s stock first resistance to watch stands at $71.00. Second resistance stands at $71.52. The third major resistance level sits at $72.04. If the price goes on to break the first support level at $69.96, it is likely to go to the next support level at $69.44. Should the price break the second support level, the third support level stands at $68.92.
Edwards Lifesciences Corp (NYSE: EW) Key Stats
There are currently 589,800K shares outstanding in the company with a market cap of 41.63 billion. Presently, the company’s annual sales total 6,005 M according to its annual income of 1,402 M. Last quarter, the company’s sales amounted to 1,354 M and its income totaled 3,071 M.
