Nothing is Better Than The Alkaline Water Company Inc. (WTER) stock at the moment

The Alkaline Water Company Inc. (NASDAQ: WTER) stock jumped 5.96% on Tuesday to $0.26 against a previous-day closing price of $0.25. With 1.36 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.15 million shares. During the session, the Beverages – Non-Alcoholic company that operates in wider Consumer Defensive sector, reached to the highest price of $0.2791 whereas the lowest price it dropped to was $0.2445. The 52-week range on WTER shows that it touched its highest point at $1.16 and its lowest point at $0.14 during that stretch. It currently has a 1-year price target of $1.50. Beta for the stock currently stands at 1.76.

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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 3.56%, but this was up by 58.85% over a month. Three-month performance dropped to -5.73% while six-month performance fell -38.12%. The stock lost -75.25% in the past year, while it has gained 51.57% so far this year. A look at the trailing 12-month EPS for WTER yields -0.33 with Next year EPS estimates of -0.09. For the next quarter, that number is -0.04. This implies an EPS growth rate of -69.10% for this year and 52.60% for next year.

Float and Shares Shorts:

At present, 148.01 million WTER shares are outstanding with a float of 137.84 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.55 million, which was 1.07% higher than short shares on Sep 14, 2022. In addition to Mr. Frank Lazaran as the firm’s CEO, Pres & Director, Mr. David A. Guarino serves as its CFO, Sec., Treasurer & Director.

Institutional Ownership:

Through their ownership of 6.95% of WTER’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.41% of WTER, in contrast to 3.55% held by mutual funds. Shares owned by individuals account for 3.52%. As the largest shareholder in WTER with 2.52% of the stake, The Vanguard Group, Inc. holds 3,678,536 shares worth 3,678,536. A second-largest stockholder of WTER, Geode Capital Management LLC, holds 1,227,734 shares, controlling over 0.84% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in WTER, holding 1,089,842 shares or 0.75% stake. With a 1.56% stake in WTER, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 2,273,743 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.85% of WTER stock, is the second-largest Mutual Fund holder. It holds 1,235,847 shares valued at 0.22 million. Fidelity Extended Market Index Fu holds 0.46% of the stake in WTER, owning 671,673 shares worth 0.12 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 476.92% to reach the target high and rise by 476.92% to reach the target low. Reaching the average price target will result in a growth of 476.92% 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 -$0.19 being high and -$0.19 being low. For WTER, this leads to a yearly average estimate of -$0.19. 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 -$0.04 EPS against a consensus estimate of -$0.05. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is -$0.04 and the low estimate is -$0.04. The average estimate for the next quarter is thus -$0.04.

Summary of Insider Activity:

Insiders traded WTER stock several times over the past three months with 5 Buys and 0 Sells. In these transactions, 880,000 shares were bought while 0 shares were sold. The number of buy transactions has increased to 14 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 2,850,833 while 0 shares were sold.

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