While Advanced Drainage Systems Inc has overperformed by 0.89%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WMS rose by 9.99%, with highs and lows ranging from $184.27 to $116.98, whereas the simple moving average fell by -17.66% in the last 200 days.
On November 13, 2024, Stephens Downgraded Advanced Drainage Systems Inc (NYSE: WMS) to Equal-Weight. A report published by Northcoast on May 08, 2024, Initiated its previous ‘Buy’ rating for WMS. Stephens also rated WMS shares as ‘Overweight’, setting a target price of $148 on the company’s shares in an initiating report dated August 25, 2023. KeyBanc Capital Markets Initiated an Overweight rating on July 24, 2023, and assigned a price target of $150. Morgan Stanley June 28, 2023d its ‘Overweight’ rating to ‘Equal-Weight’ for WMS, as published in its report on June 28, 2023. Oppenheimer’s report from April 19, 2023 suggests a price prediction of $108 for WMS shares, giving the stock a ‘Outperform’ rating. Deutsche Bank also rated the stock as ‘Buy’.
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Analysis of Advanced Drainage Systems Inc (WMS)
WMS currently pays a dividend of $0.60 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter increase in sales is 0.31%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Advanced Drainage Systems Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 37.33% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.15, 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.
An average volume of 499.24K can be a very valuable indicator of volatility for WMS stock. On a monthly basis, the volatility of the stock is set at 3.66%, whereas on a weekly basis, it is put at 3.76%, with a loss of -3.48% over the past seven days. Furthermore, long-term investors anticipate a median target price of $167.12, showing growth from the present price of $131.42, which can serve as yet another indication of whether WMS is worth investing in or should be passed over.
How Do You Analyze Advanced Drainage Systems Inc Shares?
The USA based company Advanced Drainage Systems Inc (WMS) is one of the biggest names in Building Products & Equipment. When comparing Advanced Drainage Systems Inc shares with other companies under Industrials, 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 20.92, there is a growth in quarterly earnings of -2.52%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. 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 10.55%. 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 87.29% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
WMS shares are owned by institutional investors to the tune of 87.29% at present.
