The Alkaline Water Company Inc. (NASDAQ:WTER) saw a downside of -4.71% to close Monday at $1.62 after subtracting -$0.08 on the day. The 5-day average trading volume is 3,395,760 shares of the company’s common stock. It has gained $1.8000 in the past week. An average of 1,584,770 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,050,228.
WTER’s 1-month performance is -2.99% or -$0.0500 on its low of $1.3600 reached on 10/06/21. The company’s shares have touched a 52-week low of $0.93 and high of $2.35, with the stock’s rally to the 52-week high happening on 08/10/21. YTD, WTER has achieved 60.40% or $0.6100. However, the current price is down -31.06%% from the 52-week high price.
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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 24.62 for the sector.WTER stock has a beta of 2.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.54 while the price-to-book (PB) in the most recent quarter is 20.25.
The Alkaline Water Company Inc.’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 1.40 meaning that WTER 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 0.00, while the total debt to equity was 0.75. In terms of profitability, the gross margin trailing 12 months is 33.50%. The trailing 12-month EBITDA margin is -30.66% while for the period ending June 29; The Alkaline Water Company Inc.’s operating margin was -44.10%. The firm’s gross profit as reported stood at $16.45 million against revenue of $46.07 million.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected WTER to announce -$0.01 per share in earnings in its latest quarter, but it posted -$0.08, representing a -700.00% surprise. EBITDA for the quarter stood at more than -$7.16 million. WTER stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 14.97 million, with total debt at $5.9 million. Shareholders hold equity totaling $94.59 million
Let’s look briefly at The Alkaline Water Company Inc. (WTER) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 50.68% to suggest the stock is trending Neutral, with historical volatility in this time period at 86.85%.
The stock’s 5-day moving average is $1.6060, reflecting a +8.00% or $0.1200 change from its current price. WTER is currently trading -4.14% above its 20-day SMA, +40.87% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -17.35% and +51.40% respectively.
Stochastic %K and %D was 76.22% and 69.04% and the average true range (ATR) pointed at 0.1268. The RSI (14) points at 48.82%, while the 14-day stochastic is at 59.09% with the period’s ATR at 0.1202. The stock’s 9-day MACD Oscillator is pointing at 0.1011 and 0.0921 on the 14-day charts.
In the most recent analyst report for The Alkaline Water Company Inc. (NASDAQ: WTER), Canaccord Genuity downgraded it to a Sell rating. They previously had a Hold rating on the stock. Analysts offering their rating for WTER stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate WTER as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is WTER’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.00 and a high of $3.00, with their median price target at $3.00. Looking at these predictions, the average price target given by analysts is for The Alkaline Water Company Inc. (WTER) stock is $3.00.