Are You Looking To Buy Zurn Elkay Water Solutions Corporation (ZWS)? First, Read This

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Zurn Elkay Water Solutions Corporation (NYSE:ZWS) finished Friday with a subtraction of -$0.66 to close at $21.15, a downside of -3.03 percent. An average of 636,200 shares of common stock have been traded in the last five days. There was a fall of -$0.16 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 970,200 shares traded, while the 50-day average volume stands at 1,380,058.

ZWS stock has decreased by -12.64% in the last month. The company shares reached their 1-month lowest point of $20.65 on 12/20/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $20.65 and a high of $37.38 in 52 weeks. It has reached a new high 3 times so far this year and lost -41.90% or -$15.25 in price. In spite of this, the price is down -43.42% from the 52-week high.


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Insider Transactions

ZWS stock investors should be aware that Zurn Elkay Water Solutions Corporation (ZWS) stock had its last reported insider trading activity 232 days ago on May 13. In this transaction, the insider spent $50,343. SVP & Chief Financial Officer, PETERSON MARK W, disposed of 5,042 shares at a price of $27.39 on May 13. The insider now owns more than $138,100 worth of shares. Prior to that, Group Ex., President-Zurn Wehr Craig went on to Sale 1,309 shares at $27.39 each on May 13. An amount of $35,854 was transacted.

Valuation Metrics

Zurn Elkay Water Solutions Corporation (ZWS) has a trailing price-to-earnings (P/E) ratio of 49.42. The stock’s beta is 1.30. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.19, the price-to-book (PB) ratio at 2.28.

Financial Health

The quick ratio of Zurn Elkay Water Solutions Corporation for the three months ended September 29 was 1.20, and the current ratio was 2.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.33 and a total debt to equity ratio of 0.33 for the quarter ending September 29. Its gross profit as reported stood at $373.2 million compared to revenue of $910.9 million.

Earnings Surprise

For the three-month period that ended September 29, Zurn Elkay Water Solutions Corporation had $531.3 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$19.1 million in the quarter, while revenues of $36.4 million were grew 435.6%. The analyst consensus anticipated Zurn Elkay Water Solutions Corporation’s latest quarter earnings to come in at $0.24 per share, but it turned out to be $0.26, a 8.30% surprise. For the quarter, EBITDA amounted to $11.5 million. Shareholders own equity worth $177.79 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Zurn Elkay Water Solutions Corporation (ZWS) price momentum. RSI 9-day as of the close on 30 December was 36.05%, suggesting the stock is Neutral, with historical volatility in this time frame at 33.79%.

As of today, ZWS’s price is $21.43 -0.75% or -$0.16 from its 5-day moving average. ZWS is currently trading -15.26% lower than its 20-day SMA and -27.07% lower than its 100-day SMA. However, the stock’s current price level is -14.09% below the SMA50 and -39.95% below the SMA200.

The stochastic %K and %D were 15.21% and 16.16%, respectively, and the average true range (ATR) was 0.78. With the 14-day stochastic at 10.18% and the average true range at 0.80, the RSI (14) stands at 37.76%. The stock has reached 0.08 on the 9-day MACD Oscillator while the 14-day reading was at -0.68.

Analyst Ratings

Robert W. Baird downgraded Zurn Elkay Water Solutions Corporation (NYSE: ZWS) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Zurn Elkay Water Solutions Corporation (ZWS) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ZWS, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.

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

Analysts predict a range of price targets between $26.00 and $32.00, with a median target of $28.00. Taking a look at these predictions, the average price target given by analysts for Zurn Elkay Water Solutions Corporation (ZWS) stock is $28.83.

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