Market Recap: Edwards Lifesciences Corp (EW)’s Positive Momentum, Closing at 88.84

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The closing price of Edwards Lifesciences Corp (NYSE: EW) was $88.84 for the day, up 0.36% from the previous closing price of $88.52. In other words, the price has increased by $0.36 from its previous closing price. On the day, 5.44 million shares were traded. EW stock price reached its highest trading level at $90.49 during the session, while it also had its lowest trading level at $87.06.

Ratios:

Our analysis of EW’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 31.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 197.25. For the most recent quarter (mrq), Quick Ratio is recorded 2.67 and its Current Ratio is at 3.75. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.09.

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, Goldman on May 30, 2024, initiated with a Buy rating and assigned the stock a target price of $107.

On May 22, 2024, Citigroup Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $98 to $105.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 20 ’24 when Ullem Scott B. sold 5,625 shares for $87.51 per share. The transaction valued at 492,258 led to the insider holds 30,561 shares of the business.

Lippis Daniel J. sold 535 shares of EW for $48,150 on Jun 20 ’24. The CVP, JAPAC now owns 23,513 shares after completing the transaction at $90.00 per share. On Jun 12 ’24, another insider, BOBO DONALD E JR, who serves as the CVP,Strategy/Corp Development of the company, sold 5,000 shares for $87.54 each. As a result, the insider received 437,696 and left with 46,936 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, EW now has a Market Capitalization of 53534982144 and an Enterprise Value of 52605083648. As of this moment, Edwards’s Price-to-Earnings (P/E) ratio for their current fiscal year is 38.18, and their Forward P/E ratio for the next fiscal year is 28.60. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.56. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.71 while its Price-to-Book (P/B) ratio in mrq is 7.52. Its current Enterprise Value per Revenue stands at 8.563 whereas that against EBITDA is 27.397.

Stock Price History:

The Beta on a monthly basis for EW is 1.10, which has changed by -0.016603947 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, EW has reached a high of $96.12, while it has fallen to a 52-week low of $60.57. The 50-Day Moving Average of the stock is 1.35%, while the 200-Day Moving Average is calculated to be 11.72%.

Shares Statistics:

EW traded an average of 2.72M shares per day over the past three months and 2561860 shares per day over the past ten days. A total of 601.10M shares are outstanding, with a floating share count of 592.96M. Insiders hold about 1.60% of the company’s shares, while institutions hold 83.61% stake in the company. Shares short for EW as of 1715731200 were 8002174 with a Short Ratio of 3.04, compared to 1713139200 on 7375194. Therefore, it implies a Short% of Shares Outstanding of 8002174 and a Short% of Float of 1.34000005.

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