While Edwards Lifesciences Corp has underperformed by -2.36%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EW rose by 5.16%, with highs and lows ranging from $96.12 to $58.93, whereas the simple moving average fell by -16.76% in the last 200 days.
On October 11, 2024, Morgan Stanley started tracking Edwards Lifesciences Corp (NYSE: EW) recommending Equal-Weight. A report published by Jefferies on September 18, 2024, Downgraded its rating to ‘Hold’ for EW. Truist July 25, 2024d its ‘Buy’ rating to ‘Hold’ for EW, as published in its report on July 25, 2024. TD Cowen’s report from July 25, 2024 suggests a price prediction of $70 for EW shares, giving the stock a ‘Hold’ rating. Robert W. Baird also rated the stock as ‘Neutral’.
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Analysis of Edwards Lifesciences Corp (EW)
Further, the quarter-over-quarter decrease in sales is -8.54%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Edwards Lifesciences Corp’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 21.35% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.87, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and EW is recording an average volume of 6.40M. On a monthly basis, the volatility of the stock is set at 2.90%, whereas on a weekly basis, it is put at 4.77%, with a loss of -4.75% over the past seven days. Furthermore, long-term investors anticipate a median target price of $74.85, showing growth from the present price of $67.01, which can serve as yet another indication of whether EW is worth investing in or should be passed over.
How Do You Analyze Edwards Lifesciences Corp Shares?
A leading company in the Medical Devices sector, Edwards Lifesciences Corp (EW) is based in the USA. When comparing Edwards Lifesciences Corp shares with other companies under Healthcare, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 9.67, there is a growth in quarterly earnings of 713.03%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.79%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 85.65% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
EW shares are owned by institutional investors to the tune of 85.65% at present.
