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Waste Management, Inc. (NYSE: WM) closed the day trading at $209.88 up 0.27% from the previous closing price of $209.31. In other words, the price has increased by $0.27 from its previous closing price. On the day, 0.82 million shares were traded. WM stock price reached its highest trading level at $210.945 during the session, while it also had its lowest trading level at $208.27.
Ratios:
For a better understanding of WM, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 88.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 39.80. For the most recent quarter (mrq), Quick Ratio is recorded 1.03 and its Current Ratio is at 1.07. In the meantime, Its Debt-to-Equity ratio is 2.25 whereas as Long-Term Debt/Eq ratio is at 2.21.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Deutsche Bank on May 22, 2024, initiated with a Buy rating and assigned the stock a target price of $241.
HSBC Securities Downgraded its Buy to Hold on February 15, 2024, while the target price for the stock was maintained at $210.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 16 ’24 when Watson Michael J. sold 1,500 shares for $220.00 per share. The transaction valued at 330,000 led to the insider holds 44,144 shares of the business.
Watson Michael J. sold 4,208 shares of WM for $859,631 on Jun 06 ’24. The Sr. VP-Chief Customer Officer now owns 45,644 shares after completing the transaction at $204.28 per share. On Mar 01 ’24, another insider, Carrasco Rafael, who serves as the SVP of Enterprise Strategy of the company, sold 840 shares for $204.86 each. As a result, the insider received 172,082 and left with 14,067 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WM now has a Market Capitalization of 84227997696 and an Enterprise Value of 100014956544. As of this moment, Waste’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.34, and their Forward P/E ratio for the next fiscal year is 26.24. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.70. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.02 while its Price-to-Book (P/B) ratio in mrq is 11.29. Its current Enterprise Value per Revenue stands at 4.768 whereas that against EBITDA is 16.038.
Stock Price History:
Over the past 52 weeks, WM has reached a high of $225.00, while it has fallen to a 52-week low of $149.71. The 50-Day Moving Average of the stock is 0.09%, while the 200-Day Moving Average is calculated to be 5.49%.
Shares Statistics:
Over the past 3-months, WM traded about 1.71M shares per day on average, while over the past 10 days, WM traded about 1051420 shares per day. A total of 401.46M shares are outstanding, with a floating share count of 400.48M. Insiders hold about 0.21% of the company’s shares, while institutions hold 83.86% stake in the company. Shares short for WM as of 1723680000 were 2977926 with a Short Ratio of 1.74, compared to 1721001600 on 3718010. Therefore, it implies a Short% of Shares Outstanding of 2977926 and a Short% of Float of 0.74.
Dividends & Splits
WM’s forward annual dividend rate is 2.90, up from 2.9 a year ago. Against a Trailing Annual Dividend Yield of 0.013855048The stock’s 5-year Average Dividend Yield is 1.65.
