On Friday, California Water Service Group (NYSE: CWT) was 3.79% up from the session before settling in for the closing price of $48.50. A 52-week range for CWT has been $41.60 – $56.20.
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During the last 5-year period, the sales growth of Utilities Sector giant was 8.42%. When this article was written, the company’s average yearly earnings per share was at -28.49%. With a float of $58.97 million, this company’s outstanding shares have now reached $59.48 million.
Let’s determine the extent of company efficiency that accounts for 1278 employees. In terms of profitability, gross margin is 60.3%, operating margin of 24.04%, and the pretax margin is 22.26%.
California Water Service Group (CWT) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward California Water Service Group stocks. The insider ownership of California Water Service Group is 0.88%, while institutional ownership is 83.81%. The most recent insider transaction that took place on Nov 22 ’24, was worth 50,728. In this transaction Sr. VP Corp Svcs & Chief Risk of this company sold 985 shares at a rate of $51.50, taking the stock ownership to the 20,354 shares. Before that another transaction happened on Nov 22 ’24, when Company’s Officer proposed sale 985 for $51.50, making the entire transaction worth $50,727.
California Water Service Group (CWT) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.56 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -28.49% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -4.40% during the next five years compared to 19.95% growth over the previous five years of trading.
California Water Service Group (NYSE: CWT) Trading Performance Indicators
You can see what California Water Service Group (CWT) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.56. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.89.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.26, a number that is poised to hit 0.16 in the next quarter and is forecasted to reach 2.55 in one year’s time.
Technical Analysis of California Water Service Group (CWT)
Looking closely at California Water Service Group (NYSE: CWT), its last 5-days average volume was 0.61 million, which is a jump from its year-to-date volume of 0.39 million. As of the previous 9 days, the stock’s Stochastic %D was 61.81%. Additionally, its Average True Range was 1.48.
During the past 100 days, California Water Service Group’s (CWT) raw stochastic average was set at 81.35%, which indicates a significant decrease from 96.19% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.46% in the past 14 days, which was higher than the 24.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $46.53, while its 200-day Moving Average is $49.65. However, in the short run, California Water Service Group’s stock first resistance to watch stands at $51.16. Second resistance stands at $51.97. The third major resistance level sits at $53.40. If the price goes on to break the first support level at $48.92, it is likely to go to the next support level at $47.49. Should the price break the second support level, the third support level stands at $46.68.
California Water Service Group (NYSE: CWT) Key Stats
There are 59,488K outstanding shares of the company, which has a market capitalization of 2.99 billion. As of now, sales total 1,037 M while income totals 190,810 K. Its latest quarter income was 222,200 K while its last quarter net income were 19,660 K.
