It’s Time to Buy the Dip in Evoqua Water Technologies Corp. [AQUA] Stock

In a recent bid Evoqua Water Technologies Corp. [AQUA] faced a contemporary bid of $24.95 yielding a 0.49% incline where 2.46 million shares have exchanged hands over the last week. AQUA amount got a fall by -6.10% or -$1.62 versus $26.57 at the end of the prior session. This change led market cap to move at 3.07B, putting the price 252.15% below the 52-week high and -12.09% above the 52-week low. The company’s stock has a normal trading capacity of 2.46 million shares while the relative volume is 10.82.

On 2, December 2020, Evoqua Water Technologies Announces Pricing of Secondary Public Offering. According to news published on Yahoo Finance, Evoqua Water Technologies Corp. (NYSE: AQUA) announced the pricing of a secondary public offering of 12 million shares of its common stock by certain institutional shareholders of the company, including certain affiliates of AEA Investors LP (collectively, the “Selling Shareholders”), which is expected to result in gross proceeds of approximately $301.8 million. Additionally, in connection with the offering, the Selling Shareholders have granted to the underwriter a 30-day option to purchase up to 1.8 million additional shares of common stock. The offering is expected to close on December 4, 2020, subject to the satisfaction of customary closing conditions.

Analyst Birdseye View:

The most recent analyst activity for Evoqua Water Technologies Corp. [NYSE:AQUA] stock was on January 15, 2020, when it was Initiated with a Hold rating from Jefferies, which also raised its 12-month price target on the stock to $20. Before that, on April 08, 2020, Goldman Recapitulated a Buy rating and elevated its amount target to $14. On July 08, 2019, Citigroup Downgrade a Neutral rating and boosted its price target on this stock to $16. On February 26, 2019, Goldman Upgrade a Buy rating and increased its price target from $12 to $16. On December 12, 2018, Credit Suisse Initiated a Neutral rating and increased its price target to $11. On December 07, 2018, Northcoast Initiated a Buy rating and boosted its amount on this stock to $14. On October 03, 2018, Berenberg Initiated a Hold rating and boosted its target amount on this stock to $19.

In the past 52 weeks of trading, this stock has oscillated between a low of $7.09 and a peak of $28.38. Right now, according to Wall Street analyst the average 12-month amount target is $27.00. At the most recent market close, shares of Evoqua Water Technologies Corp. [NYSE:AQUA] were valued at $24.95. According to the average price forecast, investors can expect a potential return of 0.0%.

FUNDAMENTAL ANALYSIS

Evoqua Water Technologies Corp. [NYSE:AQUA] most recently reported quarterly sales of 383.86 billion, which represented growth of -6.90%. This publicly-traded organization’s revenue is $355,586 per employee, while its income is $28,271 per employee. This company’s Gross Margin is currently 32.00%, its Operating Margin is 8.50%, its Pretax Margin is +8.52, and its Net Margin is +7.95. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 6.35, 26.97, 12.31 and 8.30 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 66.76 and the whole liability to whole assets at 52.28. It shows enduring liability to the whole principal at 64.09 and enduring liability to assets at 0.50 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 26.16 points at 1st support level, the second support level is making up to 25.76. But as of 1st resistance point, this stock is sitting at 27.05 and at 27.54 for 2nd resistance point.

Evoqua Water Technologies Corp. [AQUA] reported its earnings at $0.29 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.22/share signifying the difference of 0.07 and 31.80% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.2 calling estimates for $0.08/share with the difference of 0.12 depicting the surprise of 150.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Evoqua Water Technologies Corp. [NYSE:AQUA] is 2.00. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.55. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.80, it’s amount to book ratio is 5.18 and showing 28.33 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Aulick Rodney, Executive Vice President, and it was the sale of 54739.0 shares on Nov 11. Aulick Rodney, the Executive Vice President, completed a sale of 19728.0 shares on Nov 10. On Nov 09, Aulick Rodney, Executive Vice President, completed a sale of 35533.0 shares.