In last trading session, The Alkaline Water Company Inc. (NASDAQ:WTER) saw 1,800,433 shares changing hands with its beta currently measuring 2.92. Company’s recent per share price level of $1.09 trading at $0 or 0% at ring of the bell on the day assigns it a market valuation of $70.3 Million. That closing price of WTER’s stock is at a discount of -138.53% from its 52-week high price of $2.6 and is indicating a premium of 63.3% from its 52-week low price of $0.4. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.06 Million shares which gives us an average trading volume of 1.42 Million if we extend that period to 3-months.
For The Alkaline Water Company Inc. (WTER), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 1.7. Splitting up the data highlights that, out of 3 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 2 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.06 in the current quarter.
The Alkaline Water Company Inc. (NASDAQ:WTER) trade information
In the face of being in the red today for losing 0%, in the last five days WTER remained trading in the green while hitting it’s week-highest on Monday, Nov 16 when the stock touched $1.36 price level, adding 19.85% to its value on the day. The Alkaline Water Company Inc.’s shares saw a change of -14.17% in year-to-date performance and have moved -14.84% in past 5-day. The Alkaline Water Company Inc. (NASDAQ:WTER) showed a performance of -32.51% in past 30-days. Number of shares sold short was 2.32 Million shares which calculate 1.63 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $2.37 to the stock, which implies a rise of 117.43% to its current value. Analysts have been projecting $1.1 as a low price target for the stock while placing it at a high target of $3.5. It follows that stock’s current price would jump +221.1% in reaching the projected high whereas dropping to the targeted low would mean a loss of 0.92% for stock’s current value.
The Alkaline Water Company Inc. (WTER) estimates and forecasts
Statistics highlight that The Alkaline Water Company Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lessened -0.91% of value to its shares in past 6 months, showing an annual growth rate of -35.29% while that of industry is -4.6. Apart from that, the company came raising its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to increase by 14.3% in the current quarter and calculating 62.5% increase in the next quarter. This year revenue growth is estimated to rise 20.2% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $9.58 Million for the same. And 2 analysts are in estimates of company making revenue of $14.53 Million in the next quarter that will end in March 01, 2021. Company posted $11.9 Million and $12.09 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -19.5% while estimating it to be 20.2% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 35.9% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -27.7% while estimates for its earnings growth in next 5 years are of 0%
The Alkaline Water Company Inc. (NASDAQ:WTER)’s Major holders
Insiders are in possession of 7.7% of company’s total shares while institution are holding 7.65% percent of that, with stock having share float percentage of 8.29%. Investors also watch the number of corporate investors in a company very closely, which is 46 institutions for The Alkaline Water Company Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at WTER for having 1.68 Million shares of worth $2.12 Million. And as of September 29, 2020, it was holding 4.29% of the company’s outstanding shares.
The second largest institutional holder is Renaissance Technologies, LLC, which was holding about 1.47 Million shares on September 29, 2020. The number of shares represents firm’s hold over 3.74% of outstanding shares, having a total worth of $1.85 Million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of June 29, 2020, the former fund manager was holding 1103203 shares of worth $1.58 Million or 2.81% of the total outstanding shares. The later fund manager was in possession of 505.19 Thousand shares on June 29, 2020, making its stake of worth around $722.43 Thousand in the company or a holder of 1.29% of company’s stock.