While Middlesex Water Co has underperformed by -0.91%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MSEX fell by -12.87%, with highs and lows ranging from $70.73 to $45.42, whereas the simple moving average fell by -12.80% in the last 200 days.
On December 11, 2024, BofA Securities started tracking Middlesex Water Co (NASDAQ: MSEX) recommending Underperform. A report published by Robert W. Baird on August 05, 2024, Downgraded its rating to ‘Neutral’ for MSEX. Janney April 14, 2021d its ‘Buy’ rating to ‘Neutral’ for MSEX, as published in its report on April 14, 2021. Janney also rated the stock as ‘Neutral’.
Analysis of Middlesex Water Co (MSEX)
Investors in Middlesex Water Co will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $1.31 per share. Further, the quarter-over-quarter increase in sales is 17.95%, showing a positive trend in the upcoming months.
One of the most important indicators of Middlesex Water Co’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 9.55% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.57, 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.
For any stock, average volume can also provide valuable insight into volatility, and MSEX is recording 124.60K average volume. On a monthly basis, the volatility of the stock is set at 3.30%, whereas on a weekly basis, it is put at 2.60%, with a gain of 4.48% over the past seven days. Furthermore, long-term investors anticipate a median target price of $61.00, showing growth from the present price of $51.06, which can serve as yet another indication of whether MSEX is worth investing in or should be passed over.
How Do You Analyze Middlesex Water Co Shares?
The Utilities – Regulated Water market is dominated by Middlesex Water Co (MSEX) based in the USA. When comparing Middlesex Water Co shares with other companies under Utilities, 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 22.22, there is a growth in quarterly earnings of 42.83%.
Along with the fundamentals, it is also important to consider how many employees own shares of 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 2.67%. 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 76.00% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MSEX shares are owned by institutional investors to the tune of 76.00% at present.
