The Alkaline Water Company Inc. (NASDAQ:WTER) finished Tuesday with an addition of $0.15 to close at $1.57, an upside of 10.56 percent. An average of 1,604,120 shares of common stock have been traded in the last five days. There was a gain of $0.0400 in the past week. The last 20 days have seen an average of 1,247,760 shares traded, while the 50-day average volume stands at 2,037,838.
WTER stock has decreased by -10.29% in the last month. The company shares reached their 1-month lowest point of $1.3600 on 10/06/21. With the stock rallying to its 52-week high on 08/10/21, shares of the company touched a low of $0.93 and a high of $2.35 in 52 weeks. In spite of this, the price is down -33.19% from the 52-week high.
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The Alkaline Water Company Inc. (WTER) has a trailing price-to-earnings (P/E) ratio of 18.70 for the broader industry and 24.51 for the sector. This means investors are optimistic about the stock’s future prospects. The stock’s beta is 1.99. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.46, the price-to-book (PB) ratio at 19.63.
The quick ratio of The Alkaline Water Company Inc. for the three months ended June 29 was 1.10, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.75 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 33.50% against a 5-year average of 38.5%. The Alkaline Water Company Inc.’s EBITDA margin for the year ending June 29 is -30.66%, while its operating margin for the same period stands at -44.10%. Its gross profit as reported stood at $16.45 million compared to revenue of $46.07 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, The Alkaline Water Company Inc.’s return on assets was -106.80%, compared to -230.2% over the last five years. For the broader industry, ROE averaged 14.55 over the past year.
The analyst consensus anticipated The Alkaline Water Company Inc.’s latest quarter earnings to come in at -$0.01 per share, but it turned out to be -$0.08, a -700.00% surprise. For the quarter, EBITDA amounted to -$7.16 million. Shareholders own equity worth $94.59 million.
From a technical analysis perspective, let’s take a brief look at The Alkaline Water Company Inc. (WTER) price momentum. RSI 9-day as of the close on 05 October was 48.48%, suggesting the stock is Neutral, with historical volatility in this time frame at 73.23%.
As of today, WTER’s price is $1.5280 +2.61% or $0.0400 from its 5-day moving average. WTER is currently trading -5.42% lower than its 20-day SMA and +48.11% higher than its 100-day SMA. However, the stock’s current price level is -10.29% below the SMA50 and +52.43% above the SMA200.
The stochastic %K and %D were 31.17% and 25.73%, respectively, and the average true range (ATR) was 0.1037. With the 14-day stochastic at 63.64% and the average true range at 0.1044, the RSI (14) stands at 46.18%. The stock has reached -0.0511 on the 9-day MACD Oscillator while the 14-day reading was at -0.0669.
Canaccord Genuity downgraded The Alkaline Water Company Inc. (NASDAQ: WTER) to a a Sell rating in its most recent analyst report. Previously, the stock was rated as a a Hold.The consensus rating for The Alkaline Water Company Inc. (WTER) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell WTER, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is WTER’s price target for the next 12 months?
Analysts predict a range of price targets between $3.00 and $3.00, with a median target of $3.00. Taking a look at these predictions, the average price target given by analysts for The Alkaline Water Company Inc. (WTER) stock is $3.00.