The Alkaline Water Company Inc. (WTER) – The 48.0% Upside Potential Remains

The Alkaline Water Company Inc. (NASDAQ: WTER) is 28.71% higher on its value in year-to-date trading and has touched a low of $0.40 and a high of $2.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WTER stock was last observed hovering at around $1.26 in the last trading session, with the day’s gains setting it 0.04% off its average median price target of $2.50 for the next 12 months. It is also 62.86% off the consensus price target high of $3.50 offered by 3 analysts, but current levels are -4.0% lower than the price target low of $1.25 for the same period.


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Currently trading at $1.30, the stock is -0.86% and 11.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.37 million and changing 3.17% at the moment leaves the stock -7.19% off its SMA200. WTER registered 31.99% gain for a year compared to 6-month loss of -22.62%. The firm has a 50-day simple moving average (SMA 50) of $1.2185 and a 200-day simple moving average (SMA200) of $1.3084.

The stock witnessed a 13.04% gain in the last 1 month and extending the period to 3 months gives it a 19.27%, and is -5.11% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.81% over the week and 10.76% over the month.

The Alkaline Water Company Inc. (WTER) has around 24 employees, a market worth around $100.18M and $47.20M in sales. Profit margin for the company is -33.30%. Distance from 52-week low is 225.00% and -50.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-161.60%).

The Alkaline Water Company Inc. (WTER) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for The Alkaline Water Company Inc. (WTER) is a “Overweight”. 3 analysts offering their recommendations for the stock have an average rating of 2.30, where 1 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

The Alkaline Water Company Inc. is expected to release its quarterly report on 06/02/2021 and quarterly earnings per share for the current quarter are estimated at -$0.04 with sales reaching $13.54M over the same period.The EPS is expected to shrink by -27.70% this year, but quarterly earnings will post 17.70% year-over-year. Quarterly sales are estimated to grow 12.00% in year-over-year returns.

The Alkaline Water Company Inc. (WTER) Top Institutional Holders

44 institutions hold shares in The Alkaline Water Company Inc. (WTER), with 5.98M shares held by insiders accounting for 7.70% while institutional investors hold 8.15% of the company’s shares. The shares outstanding are 73.53M, and float is at 68.18M with Short Float at 3.54%. Institutions hold 7.53% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 1.68 million shares valued at $2.12 million. The investor’s holdings represent 4.29% of the WTER Shares outstanding. As of Sep 29, 2020, the second largest holder is Squarepoint Ops LLC with 0.34 million shares valued at $0.43 million to account for 0.88% of the shares outstanding. The other top investors are Geode Capital Management, LLC which holds 0.34 million shares representing 0.87% and valued at over $0.43 million, while Peconic Partners, LLC holds 0.78% of the shares totaling 0.31 million with a market value of $0.39 million.

The Alkaline Water Company Inc. (WTER) Insider Activity

A total of 0 insider transactions have happened at The Alkaline Water Company Inc. (WTER) in the last six months, with sales accounting for 0 and purchases happening 0 times.

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The Alkaline Water Company Inc. (WTER): Who are the competitors?

The company’s main competitors (and peers) include Celsius Holdings Inc. (CELH) that is trading 854.69% up over the past 12 months. Short interest in the company’s stock has fallen -14.11% from the last report on Dec 30, 2020 to stand at a total of 2.75 million short shares sold with a short interest ratio of 1.07.

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