Waters Corp (NYSE: WAT) on Friday, plunged -0.60% from the previous trading day, before settling in for the closing price of $348.46. Within the past 52 weeks, WAT’s price has moved between $279.24 and $423.56.
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A company in the Healthcare sector has jumped its sales by 4.46% annually for the last half of the decade. The company achieved an average annual earnings per share of 8.98%. With a float of $59.38 million, this company’s outstanding shares have now reached $59.50 million.
In an organization with 7600 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 62.08%, operating margin of 28.37%, and the pretax margin is 26.24%.
Waters Corp (WAT) Insider Updates
Observing investor behavior towards Diagnostics & Research industry stocks is more important than anything else. The insider ownership of Waters Corp is 0.21%, while institutional ownership is 98.30%. The most recent insider transaction that took place on May 28 ’24, was worth 332,900. In this transaction Director of this company bought 1,000 shares at a rate of $332.90, taking the stock ownership to the 1,653 shares.
Waters Corp (WAT) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 8.98% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.90% during the next five years compared to 4.28% growth over the previous five years of trading.
Waters Corp (NYSE: WAT) Trading Performance Indicators
Waters Corp (WAT) is currently performing well based on its current performance indicators. A quick ratio of 1.28 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.91. Likewise, its price to free cash flow for the trailing twelve months is 33.29.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 11.03, a number that is poised to hit 2.93 in the next quarter and is forecasted to reach 14.20 in one year’s time.
Technical Analysis of Waters Corp (WAT)
Let’s dig in a bit further. During the last 5-days, its volume was 0.54 million. That was better than the volume of 0.52 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 34.91%. Additionally, its Average True Range was 12.59.
During the past 100 days, Waters Corp’s (WAT) raw stochastic average was set at 38.94%, which indicates a significant decrease from 44.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.28% in the past 14 days, which was higher than the 39.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $348.02, while its 200-day Moving Average is $361.98. However, in the short run, Waters Corp’s stock first resistance to watch stands at $349.12. Second resistance stands at $351.86. The third major resistance level sits at $356.26. If the price goes on to break the first support level at $341.98, it is likely to go to the next support level at $337.58. Assuming the price breaks the second support level, the third support level stands at $334.84.
Waters Corp (NYSE: WAT) Key Stats
Market capitalization of the company is 20.61 billion based on 59,509K outstanding shares. Right now, sales total 2,958 M and income totals 637,830 K. The company made 661,710 K in profit during its latest quarter, and 121,380 K in sales during its previous quarter.
