Edwards Lifesciences Corporation (EW): Keep paying attention to its insider activity

Edwards Lifesciences Corporation (NYSE:EW) saw a downside of -5.26% to close Monday at $106.37 after subtracting -$5.91 on the day. The 5-day average trading volume is 3,573,680 shares of the company’s common stock. It has gained $115.79 in the past week. An average of 2,292,720 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,105,744.

EW’s 1-month performance is -11.81% or -$14.70 on its low of $105.66 reached on 10/04/21. The company’s shares have touched a 52-week low of $70.92 and high of $123.27, with the stock’s rally to the 52-week high happening on 09/08/21. YTD, EW has achieved 16.60% or $15.14. However, the current price is down -13.71%% from the 52-week high price.


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Insider Transactions

On Oct 01, 4 days have gone by since the last insider trading activity for Edwards Lifesciences Corporation (EW). MUSSALLEM MICHAEL A (Chairman & CEO) most recently sold 32,550 shares at $111.72 per share on Oct 01. This transaction cost the insider $3,636,375. Chairman & CEO, MUSSALLEM MICHAEL A, sold 32,550 shares at a price of $121.17 on Sep 15. Then, on Sep 10, CVP,Strategy/Corp Development BOBO DONALD E JR sold 11,050 shares at a price of $122.25 per share. This transaction amounted to $1,350,875.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 77.60 and a low of 29.47. EW stock has a beta of 1.08. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 13.57 while the price-to-book (PB) in the most recent quarter is 12.89, with the price to cash flow ratio at 63.61.

Edwards Lifesciences Corporation’s quick ratio for the period ended June 29 was 2.90, with the current ratio over the same period at 3.70 meaning that EW stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.12, while the total debt to equity was 0.12. In terms of profitability, the gross margin trailing 12 months is 75.50%The trailing 12-month EBITDA margin is 32.63% while for the period ending June 29; Edwards Lifesciences Corporation’s operating margin was 33.20%. The firm’s gross profit as reported stood at $3.31 billion against revenue of $4.39 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Edwards Lifesciences Corporation’s cash and short-term investments amounted to $248.4 million against total debt of $684.2 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 32.78% to $1.38 billion, while revenue of $1.22 billion was 11.58% off the previous quarter. Analysts expected EW to announce $0.56 per share in earnings in its latest quarter, but it posted $0.64, representing a 14.30% surprise. EBITDA for the quarter stood at more than $577.9 million. EW stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.53 billion, with total debt at $684.2 million. Shareholders hold equity totaling $623.33 million

Technical Picture

Let’s look briefly at Edwards Lifesciences Corporation (EW) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 October was 15.71% to suggest the stock is trending oversold, with historical volatility in this time period at 29.30%.

The stock’s 5-day moving average is $111.85, reflecting a -9.14% or -$10.70 change from its current price. EW is currently trading -12.14% above its 20-day SMA, +21.61% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -2.77% and +25.01% respectively.

Stochastic %K and %D was 7.25% and 6.89% and the average true range (ATR) pointed at 3.09. The RSI (14) points at 24.70%, while the 14-day stochastic is at 4.37% with the period’s ATR at 2.83. The stock’s 9-day MACD Oscillator is pointing at -4.61 and -6.14 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Edwards Lifesciences Corporation (NYSE: EW), Wells Fargo reiterated its an Equal weight rating for the company but lifted their price target by $93 to $115. Analysts offering their rating for EW stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate EW as a “sell,”, while 11 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 13 have offered a “buy” rating.

What is EW’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $105.00 and a high of $135.00, with their median price target at $123.00. Looking at these predictions, the average price target given by analysts is for Edwards Lifesciences Corporation (EW) stock is $121.67.

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