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In the latest session, Edwards Lifesciences Corp (NYSE: EW) closed at $91.84 down -0.52% from its previous closing price of $92.32. In other words, the price has decreased by -$0.52 from its previous closing price. On the day, 1.85 million shares were traded. EW stock price reached its highest trading level at $92.49 during the session, while it also had its lowest trading level at $91.67.
Ratios:
For a deeper understanding of Edwards Lifesciences Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 32.53 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 203.92. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 55342780416 and an Enterprise Value of 54412886016. As of this moment, Edwards’s Price-to-Earnings (P/E) ratio for their current fiscal year is 39.47, and their Forward P/E ratio for the next fiscal year is 29.60. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.01 while its Price-to-Book (P/B) ratio in mrq is 7.77. Its current Enterprise Value per Revenue stands at 8.857 whereas that against EBITDA is 28.339.
Stock Price History:
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 4.22%, while the 200-Day Moving Average is calculated to be 14.19%.
Shares Statistics:
For the past three months, EW has traded an average of 2.81M shares per day and 3344190 over the past ten days. A total of 601.10M shares are outstanding, with a floating share count of 592.95M. Insiders hold about 1.60% of the company’s shares, while institutions hold 83.69% stake in the company. Shares short for EW as of 1718323200 were 8186141 with a Short Ratio of 2.91, compared to 1715731200 on 8002174. Therefore, it implies a Short% of Shares Outstanding of 8186141 and a Short% of Float of 1.37.
