As of Thursday close, Waste Management Inc.’s (NYSE:WM) stock was down -$2.56, moving down -1.60 percent to $157.49. The average number of shares traded per day over the past five days has been 1,652,720 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.86 fall in that time frame. In the last twenty days, the average volume was 1,389,195, while in the previous 50 days, it was 1,424,004.
Since last month, WM stock retreated -0.40%. Shares of the company fell to $155.13 on 09/05/23, the lowest level in the past month. A 52-week high of $173.71 was reached on 06/30/23 after having rallying from a 52-week low of $148.31. Since the beginning of this year, WM’s stock price has risen by 0.39% or $0.61, and marked a new high 19 times. However, the stock has declined by -9.34% since its 52-week high.
WM stock investors should be aware that Waste Management Inc. (WM) stock had its last reported insider trading activity 38 days ago on Aug 15. Chinn Bruce E., the Director of the company, disposed of 172 shares for $159.44 on Aug 15. It resulted in a $27,425 divestment by the insider. POPE JOHN C sold 198 shares at an average price of $168.40 on Jul 17. The insider now owns 56,147 shares following the transaction. On Feb 24, VP & Chief Accounting Officer Nagy Leslie K sold 800 shares at $151.11 apiece. The transaction was valued at $120,888.
Valuation Metrics
Right now, Waste Management Inc. (WM) has a P/E ratio of about 28.29. The stock’s beta is 0.72. Besides these, the trailing price-to-sales (P/S) ratio of 3.18, the price-to-book (PB) ratio of 9.25, and the price-to-cash flow ratio of 42.32 may also be considered.
The latest dividend of $0.70 per share was paid out, remained unchanged from last year’s $0.70. On Monday February 6 2023, a $0.05 dividend increase was announced.
Financial Health
In the three months ended June 29, Waste Management Inc.’s quick ratio stood at 0.80, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.15, and the total debt-to-equity ratio was 2.22. On the profitability front, the trailing twelve-month gross margin is 47.20% percent. In the year ended June 29, EBITDA margin amounted to 28.37%, whereas operating margins totaled 17.40%. Based on annual data, WM earned $7.4 billion in gross profit and brought in $19.7 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 12.30%. Return on equity (ROE) for the past 12 months was 33.20%.
In Waste Management Inc.’s quarter-end financial report for June 29, it reported total debt of $14.86 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. WM’s revenue rose 1.8% to $4.89 billion during the quarter, while net income inched up to $5.12 billion. While analysts expected Waste Management Inc. to report $1.54 quarterly earnings, the actual figure was $1.51 per share, beating the consensus estimate by -1.90%. During the quarter, the company generated $1.5 billion in EBITDA. The liabilities of Waste Management Inc. were 24.69 billion at the end of its most recent quarter ended June 29, and its total debt was $15.37 billion. The value of shareholders’ equity is $405.06 million.
Technical Picture
This quick technical analysis looks at Waste Management Inc.’s (WM) price momentum. With a historical volatility rate of 11.83%, the RSI 9-day stood at 39.69% on 21 September.
With respect to its five-day moving average, the current Waste Management Inc. price is down by -1.78% percent or -$2.86. At present, WM shares trade -0.56% below its 20-day simple moving average and -5.16% percent below its 100-day simple moving average. However, the stock is currently trading approximately -6.91% below its SMA50 and -7.26% below its SMA200.
Stochastic coefficient K was 57.77% and Stochastic coefficient D was 66.10%, while ATR was 1.99. Given the Stochastic reading of 34.60% for the 14-day period, the RSI (14) reading has been calculated as 41.92%. As of today, the MACD Oscillator reading stands at -0.30, while the 14-day reading stands at 0.66.
Analyst Ratings
HSBC Securities launched its rating on Waste Management Inc. (NYSE: WM) to a Buy in a note to investors on September 15, 2023. Waste Management Inc. (WM) has been rated Overweight by analysts. According to 0 brokerage firms, WM is a sell, and 11 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Waste Management Inc. stock as buy, with 8 recommending it as overweight.
With a median target price of $178.00, the current consensus forecast for the stock is $160.00 – $202.00. Based on these forecasts, analysts predict Waste Management Inc. (WM) will achieve an average price target of $180.09.
