Evoqua Water Technologies Corp. (NYSE:AQUA) saw an upside of 2.22% to close Tuesday at $48.33 after adding $1.05 on the day. The 5-day average trading volume is 5,152,320 shares of the company’s common stock. It has gained $48.92 in the past week and touched a new high 3 times within the past 5 days. An average of 1,651,595 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,067,216.
AQUA’s 1-month performance is 19.48% or $8.49 on its low of $38.56 reached on 01/03/23. The company’s shares have touched a 52-week low of $30.44 and high of $48.05, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, AQUA has achieved 22.05% or $8.73 and has reached a new high 7 times. However, the current price is up 0.58% from the 52-week high price.
AQUA stock investors last saw insider trading activity on Apr 20.Bhambri Nick (Director) most recently sold 87,641 shares at $45.08 per share on Apr 20. This transaction cost the insider $3,950,900. Director, Bhambri Nick, sold 37,359 shares at a price of $45.01 on Apr 19. Then, on Mar 16, Executive Vice President Fages Herve sold 20,438 shares at a price of $45.00 per share. This transaction amounted to $919,765.
AQUA stock has a beta of 1.76. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.32 while the price-to-book (PB) in the most recent quarter is 8.28, with the price to cash flow ratio at 58.08.
Evoqua Water Technologies Corp.’s quick ratio for the period ended September 29 was 1.20, with the current ratio over the same period at 1.70. As well, the company’s long term debt to equity for the quarter ending September 29 was 1.25, while the total debt to equity was 1.30.. In terms of profitability, the gross margin trailing 12 months is 31.00%. The firm’s gross profit as reported stood at $535.98 million against revenue of $1.74 billion.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 35.0% to $41.32 million, while revenue of $17.56 million was 57.5% off the previous quarter. Analysts expected AQUA to announce $0.32 per share in earnings in its latest quarter, but it posted $0.45, representing a 40.60% surprise. EBITDA for the quarter stood at more than $73.27 million. AQUA stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 1.48 billion, with total debt at $978.76 million. Shareholders hold equity totaling $121.81 million.
Let’s look briefly at Evoqua Water Technologies Corp. (AQUA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 77.71% to suggest the stock is trending Overbought, with historical volatility in this time period at 73.87%.
The stock’s 5-day moving average is $43.61, reflecting a +15.57% or $6.51 change from its current price. AQUA is currently trading +22.01% above its 20-day SMA, +36.29% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +30.66% and SMA200 by+11.80%.
Stochastic %K and %D was 83.03% and 66.67% and the average true range (ATR) pointed at 1.82. The RSI (14) points at 71.53%, while the 14-day stochastic is at 94.28% with the period’s ATR at 1.67. The stock’s 9-day MACD Oscillator is pointing at 2.54 and 3.70 on the 14-day charts.
In the most recent analyst report for Evoqua Water Technologies Corp. (NYSE: AQUA), Oppenheimer downgraded it to a Perform rating. They previously had an Outperform rating on the stock.
What is AQUA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $33.00 and a high of $54.00, with their median price target at $47.00. Looking at these predictions, the average price target given by analysts is for Evoqua Water Technologies Corp. (AQUA) stock is $46.75.