Buying Evoqua Water Technologies Corp. (AQUA) Stock Is A Smart Move Today?

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Evoqua Water Technologies Corp. (NYSE:AQUA) finished Friday with a subtraction of -$0.81 to close at $39.60, a downside of -2.00 percent. An average of 524,440 shares of common stock have been traded in the last five days. There was a fall of -$0.01 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 595,290 shares traded, while the 50-day average volume stands at 645,388.

AQUA stock has decreased by -8.94% in the last month. The company shares reached their 1-month lowest point of $38.25 on 12/20/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $30.44 and a high of $48.49 in 52 weeks. It has reached a new high 1 time so far this year and lost -15.29% or -$7.15 in price. In spite of this, the price is down -18.33% from the 52-week high.

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Insider Transactions

AQUA stock investors should be aware that Evoqua Water Technologies Corp. (AQUA) stock had its last reported insider trading activity 255 days ago on Apr 20. In this transaction, the insider spent $3,950,900. Director, Bhambri Nick, disposed of 37,359 shares at a price of $45.01 on Apr 19. The insider now owns more than $1,681,402 worth of shares. Prior to that, Executive Vice President Fages Herve went on to Sale 20,438 shares at $45.00 each on Mar 16. An amount of $919,765 was transacted.

Valuation Metrics

Evoqua Water Technologies Corp. (AQUA) has a trailing price-to-earnings (P/E) ratio of 68.51. The stock’s beta is 1.72. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.76, the price-to-book (PB) ratio at 6.78, and the price-to-cash flow ratio at 48.25.

Financial Health

The quick ratio of Evoqua Water Technologies Corp. for the three months ended June 29 was 1.20, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.25 and a total debt to equity ratio of 1.30 for the quarter ending June 29. Its gross profit as reported stood at $535.98 million compared to revenue of $1.74 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Evoqua Water Technologies Corp.’s return on assets was 3.50%.

Earnings Surprise

For the three-month period that ended June 29, Evoqua Water Technologies Corp. had $863.53 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 $41.32 million in the quarter, while revenues of $17.56 million were grew 35.0%. The analyst consensus anticipated Evoqua Water Technologies Corp.’s latest quarter earnings to come in at $0.23 per share, but it turned out to be $0.22, a -4.30% surprise. For the quarter, EBITDA amounted to $73.27 million. Shareholders own equity worth $121.81 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Evoqua Water Technologies Corp. (AQUA) price momentum. RSI 9-day as of the close on 30 December was 41.77%, suggesting the stock is Neutral, with historical volatility in this time frame at 38.48%.

As of today, AQUA’s price is $39.81 -0.03% or -$0.01 from its 5-day moving average. AQUA is currently trading -9.26% lower than its 20-day SMA and +4.13% higher than its 100-day SMA. However, the stock’s current price level is +11.05% above the SMA50 and -11.82% below the SMA200.

The stochastic %K and %D were 20.75% and 21.10%, respectively, and the average true range (ATR) was 1.40. With the 14-day stochastic at 18.88% and the average true range at 1.43, the RSI (14) stands at 44.12%. The stock has reached 0.10 on the 9-day MACD Oscillator while the 14-day reading was at -0.87.

Analyst Ratings

Oppenheimer downgraded Evoqua Water Technologies Corp. (NYSE: AQUA) to a a Perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform.

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