Advanced Drainage Systems Inc [WMS] stock prices are up 0.31% to $163.73 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The WMS shares have gain 7.83% over the last week, with a monthly amount drifted -6.16%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Advanced Drainage Systems Inc [NYSE: WMS] stock has seen the most recent analyst activity on May 08, 2024, when Northcoast initiated its Buy rating and assigned the stock a price target of $190. Previously, Stephens started tracking the stock with Overweight rating on August 25, 2023, and set its price target to $148. On July 24, 2023, KeyBanc Capital Markets initiated with a Overweight rating and assigned a price target of $150 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight and increased its price target to $114 on June 28, 2023. Oppenheimer initiated its recommendation with a Outperform and recommended $108 as its price target on April 19, 2023. Deutsche Bank started tracking with a Buy rating for this stock on August 18, 2022, and assigned it a price target of $182. In a note dated March 01, 2022, Morgan Stanley upgraded an Overweight rating on this stock but restated the target price of $145.
The stock price of Advanced Drainage Systems Inc [WMS] has been fluctuating between $102.32 and $184.27 over the past year. Currently, Wall Street analysts expect the stock to reach $178.6 within the next 12 months. Advanced Drainage Systems Inc [NYSE: WMS] shares were valued at $163.73 at the most recent close of the market. An investor can expect a potential return of 9.08% based on the average WMS price forecast.
Analyzing the WMS fundamentals
The Advanced Drainage Systems Inc [NYSE:WMS] reported sales of 2.91B for trailing twelve months, representing a surge of 4.79%. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.4 and Total Capital is 0.24. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.94.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 162.77 points at the first support level, and at 161.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 164.99, and for the 2nd resistance point, it is at 166.25.
Ratios To Look Out For
It’s worth pointing out that Advanced Drainage Systems Inc [NYSE:WMS]’s Current Ratio is 2.89. Further, the Quick Ratio stands at 1.90, while the Cash Ratio is 1.1. Considering the valuation of this stock, the price to sales ratio is 4.36, the price to book ratio is 9.23 and price to earnings (TTM) ratio is 25.88.
Transactions by insiders
Recent insider trading involved MICHAEL HUEBERT, Officer, that happened on Aug 14 ’24 when 16032.0 shares were purchased. EVP, CFO AND SECRETARY, Cottrill Scott A completed a deal on May 30 ’24 to sell 73207.0 shares. Meanwhile, MAKOWSKI TIM A sold 3800.0 shares on May 31 ’24.
