In the last trading session, 1,510,475 shares of the The Alkaline Water Company Inc.(NASDAQ:WTER) were traded, and its beta was 2.34. Most recently the company’s share price was $1.26, and it changed around $0.01 or 0.01% from the last close, which brings the market valuation of the company to $97.85 Million. WTER currently trades at a discount to its 52-week high of $2.6, offering almost -106.35% off that amount. The share price’s 52-week low was $0.4, which indicates that the current value has risen by an impressive 68.25% since then. We note from The Alkaline Water Company Inc.’s average daily trading volume that its 10-day average is 3.09 Million shares, with the 3-month average coming to 2.36 Million.
The Alkaline Water Company Inc. stock received a consensus recommendation rating of Overweight, based on a mean score of 2.3. If we narrow it down even further, the data shows that none out of 3 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 1 recommended WTER as a Hold, whereas 2 deemed it a Buy, and no one rated it as Underweight. The Alkaline Water Company Inc. is expected to report earnings per share of -$0.04 for the current quarter.
The Alkaline Water Company Inc. (NASDAQ:WTER): Trading Information
Instantly WTER has showed a green trend with a performance of 0.8% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $1.55 on Wednesday, Feb 17 increased the stock’s daily price by 18.71%. The company’s shares are currently up 0.25% year-to-date, but still down -0.1 over the last five days. On the other hand, The Alkaline Water Company Inc. (NASDAQ:WTER) is 0.14% up in the 30-day period. We can see from the shorts that 2.41 Million shares have been sold at a short interest cover period of 1.02 day(s).
The consensus price target as assigned by Wall Street analysts is $2.42, which translates to bears needing to increase their stock price by 92.06% from its current value. Analyst projections state that WTER is forecast to be at a low of $1.25 and a high of $3.5. In order for the stock price to hit the forecast high, the stock would need to surge +177.78% from its current level, while the stock would need to crash -0.79% from its current level to reach the projected low.
The Alkaline Water Company Inc. (WTER) projections and forecasts
The Alkaline Water Company Inc. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -24.55 percent over the past six months and at a -38.24% annual growth rate that is well below the industry average of 12.3%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +50% in revenue this quarter, and will report an increase of 80% in the next quarter. The year-over-year growth rate is expected to be 17.7%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of $13.54 Million in revenue for the current quarter. 1 analysts expect The Alkaline Water Company Inc. to make $17.35 Million in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $12.09 Million and $14.22 Million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 12%. Forecasts for the next quarter put sales growth at 22%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 35.9%. The Alkaline Water Company Inc. earnings are expected to decrease by -27.7% in 2021, but the outlook is negative 0% per year for the next five years.
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The Alkaline Water Company Inc. (NASDAQ:WTER)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 7.7% of The Alkaline Water Company Inc. shares, and 7.53% of them are in the hands of institutional investors. The stock currently has a share float of 8.15%. The Alkaline Water Company Inc. stock is held by 44 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Sep 29, 2020, it held 4.29% of the shares, which is about 1.68 Million shares worth $2.12 Million.
Squarepoint Ops LLC, with 0.88% or 344.09 Thousand shares worth $433.56 Thousand as of Sep 29, 2020, holds the second largest percentage of outstanding shares.