The Alkaline Water Company Inc. (NASDAQ: WTER) – Not A Clear Buying Opportunity?


    After grabbing 0.53 million shares, the institutional investor is now in possession of 0.53 million shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 0.84% having worth around $1.08 million. Moreover, Squarepoint OPS LLC increased its share by 91097.0 to have a control over 91097.0 shares. And Northern Trust Investments, Inc.(.. raised its holdings to 3307.0 shares by acquiring 81359.0 shares or 0.13% of the stake.

    The Alkaline Water Company Inc. (WTER) concluded trading on 08/26/20 at a closing price of $1.57, with 4.68 million shares of worth about $7.35 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -5.99% during that period and on Wednesday the price saw a gain of about 11.35%. Currently the company’s common shares owned by public are about 57.23M shares, out of which, 41.26M shares are available for trading.

    A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 3 analysts are covering the WTER stock and their offered price forecasts bring an average price target of $3.42. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $4.00 and could fall to a lowest price of $3.00. Analysts also issued an outlook of 2.30 for the The Alkaline Water Company Inc. stock for next 12 months. The stock’s current price level is 37.2% above of average price target set by the analysts, while a rise to estimated low would result in gain of 47.67 for the stock. However, touching the estimated high of $4.00 would mean a gain of 60.75% for the stock.

    According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 1 times over the past 12 months. They bought 25,000 shares in 1 of the transactions. In 0 selling transactions, insiders dumped 0 shares.

    Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu are the top 3 mutual funds which are holding stakes in The Alkaline Water Company Inc. Vanguard Total Stock Market Index is currently holding 1.1 million shares of worth totaling $2.23 million. The company recently came buying 0.0 shares which brought its stake up to 1.72% of the company’s outstanding shares. Vanguard Extended Market Index Fu bought 30099.0 shares, after which its hold over company’s outstanding shares expand to 0.84%, leaving 0.54 million shares with the mutual fund that have a worth of about $1.08 million. Fidelity Extended Market Index Fu, after buying 0.22 million shares, have now control over 0.35% of the stake in the company. It holds 0.0 shares of worth $0.45 million.

    The Alkaline Water Company Inc. (NASDAQ: WTER) started trading at $1.43, above $0.02 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $1.57, or with a gain of 11.35%. Stock saw a price change of -5.99% in past 5 days and over the past one month there was a price change of -27.31%. Year-to-date (YTD), WTER shares are showing a performance of 23.62% which increased to 7.53% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.40 but also hit the highest price of $2.80 during that period. While comparing its average daily trading volume of 1.62 million shares, we see that about 4.68 million changed hands on the day. The stock is currently trading -11.88% below its 20-day simple moving average (SMA20), while that difference is down -16.36% for SMA50 and it goes to 22.98% higher than SMA200.

    Renaissance Technologies LLC acquired 0.53 million shares of The Alkaline Water Company Inc. having value of about $1.08 million. The Alkaline Water Company Inc. (NASDAQ: WTER) currently have 57.23M outstanding shares and institutions hold larger chunk of about 6.10% of that. Holding of mutual funds in the company is about 2.51% while other institutional holders and individual stake holders have control over 3.54% and 10.54% of the stake respectively.

    The stock has a current market capitalization of $109.85M and its 3Y-monthly beta is at 3.08. It has posted earnings per share of -$0.28 in the same period. It has Quick Ratio of 1.10 while making debt-to-equity ratio of 0.92. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WTER, volatility over the week remained 10.05% while standing at 8.61% over the month.

    Analysts are in expectations that The Alkaline Water Company Inc. (WTER) stock would likely to be making an EPS of $Teradyne, Inc. in the current quarter, while forecast for next quarter ESPS is $89.87 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Select Energy Services, Inc. which is $Watford Holdings Ltd. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Aqua America, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -27.70% while it is estimated to increase by 35.50% in next year.

    Analysts at 3 brokerage firms have issued recommendations for the The Alkaline Water Company Inc. (WTER)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.30. Out of those 3 Wall Street analysts, 3 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

    Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Canaccord Genuity on August 18, 2020 offering a Speculative buy rating for the stock and assigned a target price of $3.25 to it. Coverage by H.C. Wainwright stated The Alkaline Water Company Inc. (WTER) stock as a Buy in their note to investors on July 24, 2020, suggesting a price target of for the stock.


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