There is no way Advanced Drainage Systems Inc (WMS) can keep these numbers up

With 1.61 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.43 million shares. The 52-week range on WMS shows that it touched its highest point at $145.68 and its lowest point at $75.02 during that stretch. It currently has a 1-year price target of $151.56. With its current market cap of 12.31 billion, WMS has annualized dividend of $0.56 while the current yield stands at 0.35%. Beta for the stock currently stands at 1.46.

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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 WMS was up-trending over the past week, with a rise of 18.83%, but this was up by 21.60% over a month. Three-month performance surged to 41.11% while six-month performance rose 21.83%. The stock gained 65.74% in the past year, while it has gained 12.32% so far this year. A look at the trailing 12-month EPS for WMS yields 6.29 with Next year EPS estimates of 6.67. For the next quarter, that number is 1.05. This implies an EPS growth rate of 0.49% for this year and 9.25% for next year. EPS is expected to grow by 5.72% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 43.79%.


Float and Shares Shorts:

At present, 69.52 million WMS shares are outstanding with a float of 67.27 million shares on hand for trading. On Jan 11, 2024, short shares totaled 2.13 million, which was 2.74% higher than short shares on Dec 14, 2023. In addition to WMT as the firm’s Walmart Inc., MS serves as its Morgan Stanley.

Institutional Ownership:

Through their ownership of 89.11% of WMS’s outstanding shares, institutional investors have majority control over the company.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WMS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With WMS analysts setting a high price target of $166.00 and a low target of $138.00, the average target price over the next 12 months is $151.56. Based on these targets, WMS could surge 5.08% to reach the target high and fall by -12.64% to reach the target low. Reaching the average price target will result in a decline of -4.06% from current levels.

Summary of Insider Activity:

Insiders traded WMS stock several times over the past three months with 3 Buys and 1 Sells. In these transactions, 14,794 shares were bought while 14,794 shares were sold. The number of buy transactions has increased to 36 while that of sell transactions has risen to 72 over the past year. The total number of shares bought during that period was 225,685 while 1,410,900 shares were sold.