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Edwards Lifesciences Corp (NYSE: EW) closed the day trading at $70.12 up 2.14% from the previous closing price of $68.65. In other words, the price has increased by $2.14 from its previous closing price. On the day, 6.81 million shares were traded. EW stock price reached its highest trading level at $71.42 during the session, while it also had its lowest trading level at $68.71.
Ratios:
For a better understanding of EW, 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 21.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 73.87. For the most recent quarter (mrq), Quick Ratio is recorded 2.87 and its Current Ratio is at 3.71. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.09.
Truist Downgraded its Buy to Hold on July 25, 2024, whereas the target price for the stock was revised from $110 to $82.
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 Aug 20 ’24 when Chopra Daveen sold 1,250 shares for $69.95 per share. The transaction valued at 87,438 led to the insider holds 29,333 shares of the business.
Chopra Daveen bought 1,250 shares of EW for $87,438 on Aug 20 ’24. On Aug 14 ’24, another insider, BOBO DONALD E JR, who serves as the CVP,Strategy/Corp Development of the company, sold 5,000 shares for $66.08 each. As a result, the insider received 330,420 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 42240290816 and an Enterprise Value of 41010688000. As of this moment, Edwards’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.86, and their Forward P/E ratio for the next fiscal year is 24.67. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.09. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.04 while its Price-to-Book (P/B) ratio in mrq is 5.68. Its current Enterprise Value per Revenue stands at 6.61 whereas that against EBITDA is 20.219.
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 $58.93. The 50-Day Moving Average of the stock is -9.93%, while the 200-Day Moving Average is calculated to be -13.80%.
Shares Statistics:
Over the past 3-months, EW traded about 4.98M shares per day on average, while over the past 10 days, EW traded about 4978830 shares per day. A total of 601.10M shares are outstanding, with a floating share count of 592.03M. Insiders hold about 1.72% of the company’s shares, while institutions hold 85.45% stake in the company. Shares short for EW as of 1723680000 were 6336649 with a Short Ratio of 1.27, compared to 1721001600 on 7697921. Therefore, it implies a Short% of Shares Outstanding of 6336649 and a Short% of Float of 1.06.
