A share price of Advanced Drainage Systems Inc [WMS] is currently trading at $149.82, up 0.94%. An important factor to consider is whether the stock is rising or falling in short-term value. The WMS shares have gain 6.14% over the last week, with a monthly amount glided 1.13%, and 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.
Advanced Drainage Systems Inc experienced fluctuations in its stock price throughout the past year between $102.32 and $184.27. Currently, Wall Street analysts expect the stock to reach $189.8 within the next 12 months. Advanced Drainage Systems Inc [NYSE: WMS] shares were valued at $149.82 at the most recent close of the market. An investor can expect a potential return of 26.69% based on the average WMS price forecast.
Analyzing the WMS fundamentals
Trailing Twelve Months sales for Advanced Drainage Systems Inc [NYSE:WMS] were 2.91B which represents 4.79% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.94.
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 147.74 points at the first support level, and at 145.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 151.83, and for the 2nd resistance point, it is at 153.84.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Advanced Drainage Systems Inc [NYSE:WMS] is 2.89. On the other hand, the Quick Ratio is 1.90, and the Cash Ratio is 1.1. Considering the valuation of this stock, the price to sales ratio is 3.99, the price to book ratio is 8.44 and price to earnings (TTM) ratio is 23.68.
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.
