Middlesex Water Company (NASDAQ:MSEX) currently has a daily average trading volume of 123.53K but it saw 1411795 shares traded on Wednesday. With a market cap of 1.40B USD, stock’s current market price of $78.10 came rising about 0.88 while comparing to the previous closing price of $77.42. In past 52 weeks, the stock remained buoying in the range of price level as high as $96.19 and as low as $66.51. In the recent trading on the day, stock has struck highest price mark of $78.33 while lowest mark touched by it was $76.64.
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Taking a look at 20-day trading activity of Middlesex Water Company (MSEX) gives us an average price of $74.10, while its current price level is -18.81% below from 52-week high level whereas it is 17.43% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $76.33 while that of 200 days or SMA-200 reads an average of $83.35. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.30% during that period while stretching the period over a month that decreases to 2.84%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 59.28 which implies that the stock is in neutral territory.
Middlesex Water Company (MSEX)’s stock is currently under the radar of 2 analysts who are in consensus at a 12-month price target range of between $85.00 and $93.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $85.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $93.00. Average price target assigned by them is $89.00 which highlights an upside potential of 12.25% for the stock over that period. And to attain the median price target of $89.00 assigned by those analysts, stock has to add about 12.25% of value to its current levels.
Data by FactSet Research shows that 2 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 1 are advising it as an Overweight. 1 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Strong Buy.
Over the week, MSEX’s stock price is moving 4.19% up while it is 0.92% when we observe its performance for the past one month. Year-to-date it is -0.72% down and over the past year, the stock is showing a downside performance of -12.03%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.33 beaten by the consensus estimate of $0.47 for the same. The company is expected to be releasing its next quarterly report in 08/03/2023, for which analysts forecasted an EPS of $0.6 while estimate for next year EPS is $2.33. For MSEX, analysts are forecasting an EPS-growth rate of -2.50% for current year and estimate for EPS growth in next year is 14.20%. In next quarter, company is expected to be making quarterly sales of $51.75 million as analysts are expecting the sales for current fiscal year at $179.15 million and seeing the company making $190.8 million in sales next year. Moreover, analysts are in estimates of $45 million for current-quarter revenue.
Currently, Middlesex Water Company’s total number of outstanding shares is 17.65M with 1.78% of that held by the insiders while 66.74% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 5.80% and return on equity (ROE) at 9.10%. It has a price to earnings ratio (P/E ratio) of 38.32 while having a 29.36 of forward P/E ratio. Stock’s beta reads 0.74. Stock has a price to book (P/B) ratio of 3.42 while price to sale or P/S ratio amounts to 8.52. Its return on asset (ROA) is 3.40% on average.
In the most recent quarter, Vanguard Total Stock Market ETF came rising its stake by 0.08% in the company and now holds 0.55 million or 3.11% of the company’s stake having worth of about 40.08 million.
