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Advanced Drainage Systems Inc (WMS) – Don’t Be So Quick to Call it Dead

Advanced Drainage Systems Inc (NYSE: WMS) is 3.29% higher on its value in year-to-date trading and has touched a low of $102.32 and a high of $184.27 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 WMS stock was last observed hovering at around $146.26 in the last trading session, with the day’s loss setting it -0.99%.

Currently trading at $145.27, the stock is -10.48% and -11.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.72 million and changing -0.68% at the moment leaves the stock -3.95% off its SMA200. WMS registered 11.13% gain for a year compared to 6-month gain of -8.00%.

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The stock witnessed a -18.64% loss in the last 1 month and extending the period to 3 months gives it a -16.18%, and is -2.50% 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 4.86% over the week and 4.31% over the month.

Advanced Drainage Systems Inc (WMS) has around 5705 employees, a market worth around $11.26B and $2.91B in sales. Current P/E ratio is 22.96 and Fwd P/E is 19.43. Profit margin for the company is 17.09%. Distance from 52-week low is 41.98% and -21.16% from its 52-week high. The company has generated returns on investments over the last 12 months (18.41%).

The EPS is expected to grow by 5.88% this year

The shares outstanding are 70.87M, and float is at 69.34M with Short Float at 2.21%.

Advanced Drainage Systems Inc (WMS) Insider Activity

Advanced Drainage Systems Inc disclosed in a document filed with the SEC on May 30 ’24 that Cottrill Scott A (EVP, CFO AND SECRETARY) sold a total of 73,207 shares of the company’s common stock. The trade occurred on May 30 ’24 and was made at $173.11 per share for $12.67 million. Following the transaction, the insider now directly holds 91442.0 shares of the WMS stock.

Still, SEC filings show that on May 31 ’24, MAKOWSKI TIM A disposed off 3,800 shares at an average price of $170.68 for $0.65 million. The insider now directly holds 4,530 shares of Advanced Drainage Systems Inc (WMS).

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