At the last check on Friday, Advanced Drainage Systems Inc.’s (NYSE: WMS) stock was up $3.81, moving up 3.03 percent to $129.64. The average number of shares traded per day over the past five days has been 809,907 shares. 5 times new highs have been achieved over the past 5 days, with a $8.13 gain in that time frame. In the last twenty days, the average volume was 665,702, while in the previous 50 days, it was 684,909.
Since last month, WMS stock rose 17.19%. Shares of the company fell to $109.87 on 07/06/23, the lowest level in the past month. A 52-week high of $153.36 was reached on 08/04/23 after having rallying from a 52-week low of $75.02. Since the beginning of this year, WMS’s stock price has risen by 58.16% or $48.32, and marked a new high 29 times. However, the stock has declined by -15.47% since its 52-week high.
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WMS stock investors should be aware that Advanced Drainage Systems Inc. (WMS) stock had its last reported insider trading activity 52 days ago on Jun 13. MAKOWSKI TIM A disposed of 3,000 shares for $109.25 on Jun 13. It resulted in a $327,750 divestment by the insider. HUEBERT MICHAEL G. sold 10,000 shares at an average price of $105.57 on Jun 09. The insider now owns 36,798 shares following the transaction. On Jun 05, EVP, Supply Chain & Logistics HARVEY DARIN S. sold 7,000 shares at $102.65 apiece. The transaction was valued at $718,550.
Valuation Metrics
Right now, Advanced Drainage Systems Inc. (WMS) has a P/E ratio of about 21.39. The stock’s beta is 1.39. Besides these, the trailing price-to-sales (P/S) ratio of 3.32, the price-to-book (PB) ratio of 10.69, and the price-to-cash flow ratio of 20.33 may also be considered.
The latest dividend of $0.14 per share was paid out, remained unchanged from last year’s $0.14. On Thursday May 18 2023, a $0.02 dividend increase was announced.
Financial Health
In the three months ended June 29, Advanced Drainage Systems Inc.’s quick ratio stood at 1.50, while its current ratio was 2.70, 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 June 29 was 1.33, and the total debt-to-equity ratio was 1.36. On the profitability front, the trailing twelve-month gross margin is 36.40% percent. In the year ended June 29, operating margins totaled 23.40%. Based on annual data, WMS earned $1.12 billion in gross profit and brought in $3.07 billion 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 24.70%. Return on equity (ROE) for the past 12 months was 45.60%.
In Advanced Drainage Systems Inc.’s quarter-end financial report for June 29, it reported total debt of $1.27 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. WMS’s revenue fell -17.5% to $222.42 million during the quarter, while net income inched up to $778.05 million. While analysts expected Advanced Drainage Systems Inc. to report $1.54 quarterly earnings, the actual figure was $2.18 per share, beating the consensus estimate by 41.60%. During the quarter, the company generated $163.94 million in EBITDA. The liabilities of Advanced Drainage Systems Inc. were 2.06 billion at the end of its most recent quarter ended June 29, and its total debt was $1.38 billion. The value of shareholders’ equity is $78.97 million.
Technical Picture
This quick technical analysis looks at Advanced Drainage Systems Inc.’s (WMS) price momentum. With a historical volatility rate of 23.22%, the RSI 9-day stood at 80.89% on 03 August.
With respect to its five-day moving average, the current Advanced Drainage Systems Inc. price is up by +6.65% percent or $8.13. At present, WMS shares trade +16.31% above its 20-day simple moving average and +57.61% percent above its 100-day simple moving average. However, the stock is currently trading approximately +35.68% above its SMA50 and +3.72% above its SMA200.
Stochastic coefficient K was 82.85% and Stochastic coefficient D was 83.49%, while ATR was 3.27. Given the Stochastic reading of 96.26% for the 14-day period, the RSI (14) reading has been calculated as 76.81%. As of today, the MACD Oscillator reading stands at 2.95, while the 14-day reading stands at 3.95.
Analyst Ratings
KeyBanc Capital Markets launched its rating on Advanced Drainage Systems Inc. (NYSE: WMS) to an Overweight in a note to investors on July 24, 2023. Advanced Drainage Systems Inc. (WMS) has been rated Overweight by analysts. According to 0 brokerage firms, WMS is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Advanced Drainage Systems Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $142.50, the current consensus forecast for the stock is $131.00 – $155.00. Based on these forecasts, analysts predict Advanced Drainage Systems Inc. (WMS) will achieve an average price target of $142.38.
