Advanced Drainage Systems Inc (NYSE: WMS) is -6.14% lower on its value in year-to-date trading and has touched a low of $122.61 and a high of $184.27 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WMS stock was last observed hovering at around $135.28 in the last trading session, with the day’s loss setting it -3.28%.
Currently trading at $132.00, the stock is -2.47% and -9.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.83 million and changing -2.42% at the moment leaves the stock -16.66% off its SMA200. WMS registered 4.95% gain for a year compared to 6-month loss of -20.74%. The firm has a 50-day simple moving average (SMA 50) of $146.8508 and a 200-day simple moving average (SMA200) of $158.53575.
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The stock witnessed a -13.27% gain in the last 1 month and extending the period to 3 months gives it a -6.17%, and is 0.27% up 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 2.66% over the week and 3.74% over the month.
Advanced Drainage Systems Inc (WMS) has around 5705 employees, a market worth around $10.23B and $2.91B in sales. Current P/E ratio is 21.01 and Fwd P/E is 19.61. Profit margin for the company is 16.89%. Distance from 52-week low is 7.66% and -28.37% from its 52-week high. The company has generated returns on investments over the last 12 months (17.46%).
The EPS is expected to shrink by -4.67% this year
743.0 institutions hold shares in Advanced Drainage Systems Inc (WMS), with institutional investors hold 97.60% of the company’s shares. The shares outstanding are 71.46M, and float is at 70.90M with Short Float at 2.44%. Institutions hold 88.83% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 7.58 million shares valued at $1.22 billion. The investor’s holdings represent 9.6885 of the WMS Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 7.29 million shares valued at $1.17 billion to account for 9.3114 of the shares outstanding. The other top investors are BAILLIE GIFFORD & CO which holds 3.12 million shares representing 3.9934 and valued at over $501.21 million, while PICTET ASSET MANAGEMENT HOLDING SA holds 3.29 of the shares totaling 2.57 million with a market value of $412.92 million.
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).
