Renaissance Technologies LLC recently announced the acquisition of new stake in The Alkaline Water Company Inc. (NASDAQ:WTER). This fresh investment now brings its stake to 0.84% valued currently at $1.08 million. In addition, Squarepoint OPS LLC raised its holdings by 91097.0 to 91097.0 shares. And Northern Trust Investments, Inc.(.. has lifted its position by 4.24% or 3307.0 shares – to 81359.0 shares.
With over 1.54 million The Alkaline Water Company Inc. (WTER) shares trading Monday and a closing price of $1.49 on the day, the dollar volume was approximately $2.29 million. The shares have shown a negative weekly performance of -2.61% and its price on 08/31/20 gained nearly 2.05%. Currently, there are 57.23M common shares owned by the public and among those 41.26M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for WTER have a consensus price objective of $3.42. The analysts have set the share’s price value over the next 12 months at a high of $4.00 and a low of $3.00 should the stock experience a downside. Incidentally, analysts’ outlook for the The Alkaline Water Company Inc. stock is 2.30 for the next 12 months. The average price target is 40.4% above its last price level and an upside to the estimated low will see the stock gain 50.33% over that period. But an upside of 62.75% will see the stock hit the forecast high price target while mean target price for the stock is $3.25.
Insiders at the company have transacted a total of 1 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 1 of these insider trades were purchases, accounting for 25,000 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in The Alkaline Water Company Inc. are Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu. Vanguard Total Stock Market Index owns 1.1 million shares of the company’s stock, all valued at over $2.23 million. Vanguard Extended Market Index Fu bought 30099.0 shares to see its total holdings expand to 0.54 million shares valued at over $1.08 million and representing 0.84% of the shares outstanding. Fidelity Extended Market Index Fu now owns shares totaling to 0.35% of the shares outstanding.
Shares of The Alkaline Water Company Inc. (NASDAQ: WTER) opened at $1.45, down -$0.01 from a prior closing price of $1.46. However, the script later closed the day at $1.49, up 2.05%. The company’s stock has a 5-day price change of -2.61% and 18.25% over the past three months. WTER shares are trading 17.32% year to date (YTD), with the 12-month market performance down to -25.13% lower. It has a 12-month low price of $0.40 and touched a high of $2.80 over the same period. Currently, 1.54 million shares have been traded, compared to an average intraday trading volume of 1.70 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -12.26%, -20.68%, and 16.56% respectively.
Institutional ownership of The Alkaline Water Company Inc. (NASDAQ: WTER) shares accounts for 6.10% of the company’s 57.23M shares outstanding. Mutual fund holders own 2.51%, while other institutional holders and individual stakeholders account for 3.54% and 10.54% respectively.
It has a market capitalization of $99.29M and a beta (3y monthly) value of 2.91. The earnings-per-share (ttm) stands at -$0.28. Price movements for the stock have been influenced by the stock’s volatility, which stands at 12.07% over the week and 8.78% over the month.
Analysts forecast that The Alkaline Water Company Inc. (WTER) will achieve an EPS of -$0.02 for the current quarter, -$0.03 for the next quarter and -$0.08 for 2022. The lowest estimate earnings-per-share for the quarter is -$0.04 while analysts give the company a high EPS estimate of -$0.01. Comparatively, EPS for the current quarter was -$0.07 a year ago. Earnings per share for the fiscal year are expected to decrease by -27.70%, and 35.50% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate The Alkaline Water Company Inc. (WTER) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 0 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the WTER, a number of firms have released research notes about the stock. Canaccord Genuity stated their Speculative Buy rating for the stock in a research note on August 18, 2020, with the firm’s price target at $3.25. H.C. Wainwright coverage for the The Alkaline Water Company Inc. (WTER) stock in a research note released on July 24, 2020 offered a Buy rating with a price target of.