Prepare Yourself for Liftoff: The Alkaline Water Company Inc. (WTER)

The Alkaline Water Company Inc. (NASDAQ: WTER) stock jumped 14.49% on Friday to $0.49 against a previous-day closing price of $0.43. With 1.53 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.99 million shares. During the session, the Beverages – Non-Alcoholic company that operates in wider Consumer Defensive sector, reached to the highest price of $0.5200 whereas the lowest price it dropped to was $0.4400. The 52-week range on WTER shows that it touched its highest point at $2.35 and its lowest point at $0.33 during that stretch. It currently has a 1-year price target of $1.50. Beta for the stock currently stands at 1.97.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WTER was up-trending over the past week, with a rise of 14.51%, but this was up by 24.68% over a month. Three-month performance dropped to -37.11% while six-month performance fell -52.43%. The stock lost -75.00% in the past year, while it has lost -58.47% so far this year. A look at the trailing 12-month EPS for WTER yields -0.40 with Next year EPS estimates of -0.18. For the next quarter, that number is -0.05. This implies an EPS growth rate of -69.10% for this year and 46.20% for next year.

Float and Shares Shorts:

At present, 108.82 million WTER shares are outstanding with a float of 100.67 million shares on hand for trading. On Apr 28, 2022, short shares totaled 2.19 million, which was 1.97% higher than short shares on Mar 30, 2022. In addition to Mr. Richard A. Wright as the firm’s Pres, CEO, COO, VP & Director, Mr. David A. Guarino serves as its CFO, Sec., Treasurer & Director.

Institutional Ownership:

Through their ownership of 10.19% of WTER’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.11% of WTER, in contrast to 4.70% held by mutual funds. Shares owned by individuals account for 4.59%. As the largest shareholder in WTER with 3.04% of the stake, The Vanguard Group, Inc. holds 3,708,475 shares worth 3,708,475. A second-largest stockholder of WTER, Uniplan Investment Counsel, Inc., holds 1,522,234 shares, controlling over 1.25% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in WTER, holding 1,261,123 shares or 1.03% stake. With a 2.07% stake in WTER, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 2,518,226 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.01% of WTER stock, is the second-largest Mutual Fund holder. It holds 1,233,065 shares valued at 0.48 million. Fidelity Extended Market Index Fu holds 0.42% of the stake in WTER, owning 514,227 shares worth 0.2 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WTER since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With WTER analysts setting a high price target of $1.50 and a low target of $1.50, the average target price over the next 12 months is $1.50. Based on these targets, WTER could surge 206.12% to reach the target high and rise by 206.12% to reach the target low. Reaching the average price target will result in a growth of 206.12% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. WTER will report FY 2023 earnings on 05/31/2023. Analysts have provided yearly estimates in a range of -$0.20 being high and -$0.20 being low. For WTER, this leads to a yearly average estimate of -$0.20. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. The Alkaline Water Company Inc. surprised analysts by -$0.01 when it reported -$0.11 EPS against a consensus estimate of -$0.10. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is -$0.05 and the low estimate is -$0.05. The average estimate for the next quarter is thus -$0.05.

Summary of Insider Activity:

Insiders traded WTER stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 20 over the past year. The total number of shares bought during that period was 2,735,833 while 150,000 shares were sold.

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