Is California Water Service Group (CWT) Price Targeted To Increase?

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As of Wednesday close, California Water Service Group’s (NYSE:CWT) stock was up $1.13, moving up 1.77 percent to $65.12. The average number of shares traded per day over the past five days has been 237,780 shares. 5 times new highs have been achieved over the past 5 days, with a $1.98 gain in that time frame. In the last twenty days, the average volume was 234,775, while in the previous 50 days, it was 280,442.

Since last month, CWT stock rose 15.38%. Shares of the company fell to $52.99 on 10/24/22, the lowest level in the past month. A 52-week high of $72.08 was reached on 01/03/22 after having rallying from a 52-week low of $48.46. Since the beginning of this year, CWT’s stock price has dropped by -9.38% or -$6.74, and marked a new high 1 time. However, the stock has declined by -9.66% since its 52-week high.


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CWT stock investors should be aware that California Water Service Group (CWT) stock had its last reported insider trading activity 17 days ago on Nov 07. Healey David B, the VP, Controller of the company, disposed of 200 shares for $60.00 on Nov 07. It resulted in a $12,000 divestment by the insider. Healey David B sold 300 shares at an average price of $59.78 on Nov 02. The insider now owns 14,425 shares following the transaction. On Sep 22, Corporate Secretary Mortensen Michelle R sold 615 shares at $56.74 apiece. The transaction was valued at $34,895.

Valuation Metrics

The stock’s beta is 0.43. Besides these, the trailing price-to-sales (P/S) ratio of 4.33, the price-to-book (PB) ratio of 2.76.

The latest dividend of $0.25 per share was paid out, remained unchanged from last year’s $0.25. On Wednesday January 26 2022, a $0.02 dividend increase was announced.

Financial Health

In the three months ended September 29, California Water Service Group’s quick ratio stood at 1.00, while its current ratio was 1.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.83, and the total debt-to-equity ratio was 0.89. On the profitability front, the trailing twelve-month gross margin is 67.20% percent. In the year ended September 29, operating margins totaled 13.60%. Based on annual data, CWT earned $126.77 million in gross profit and brought in $790.91 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 1.50%. Return on equity (ROE) for the past 12 months was 6.60%.

In California Water Service Group’s quarter-end financial report for September 29, it reported total debt of $1.05 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CWT’s revenue fell -5644.86% to $213.2 million during the quarter, while net income inched up to $4.57 million. While analysts expected California Water Service Group to report $1.1 quarterly earnings, the actual figure was $1.03 per share, beating the consensus estimate by -6.40%. During the quarter, the company generated $94.5 million in EBITDA. The liabilities of California Water Service Group were 2.53 billion at the end of its most recent quarter ended September 29, and its total debt was $1.13 billion. The value of shareholders’ equity is $54.82 million.

Technical Picture

This quick technical analysis looks at California Water Service Group’s (CWT) price momentum. With a historical volatility rate of 40.38%, the RSI 9-day stood at 75.27% on 23 November.

With respect to its five-day moving average, the current California Water Service Group price is up by +3.14% percent or $1.98. At present, CWT shares trade +14.63% above its 20-day simple moving average and +16.58% percent above its 100-day simple moving average. However, the stock is currently trading approximately +6.11% above its SMA50 and +8.35% above its SMA200.

Stochastic coefficient K was 93.82% and Stochastic coefficient D was 89.94%, while ATR was 1.54. Given the Stochastic reading of 98.70% for the 14-day period, the RSI (14) reading has been calculated as 69.10%. As of today, the MACD Oscillator reading stands at 0.97, while the 14-day reading stands at 1.96.

Analyst Ratings

Seaport Research Partners upgraded its rating on California Water Service Group (NYSE: CWT) to a Neutral in a note to investors on January 25, 2022. The analysts firm previously had a Sell rating on the stock.California Water Service Group (CWT) has been rated Hold by analysts. According to 1 brokerage firm, CWT is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate California Water Service Group stock as buy, with 0 recommending it as overweight.

With a median target price of $61.00, the current consensus forecast for the stock is $61.00 – $66.00. Based on these forecasts, analysts predict California Water Service Group (CWT) will achieve an average price target of $62.67.

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