Now Is A Suitable Moment For A Long-Term Purchase Of Edwards Lifesciences Corp (NYSE: EW)

Currently, there are 608.30M common shares owned by the public and among those 596.89M shares have been available to trade.

Insiders at the company have transacted a total of 197 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 86 of these insider trades were purchases, accounting for 1,405,593 shares. Insider sales of the common stock occurred on 111 occasions, with total insider shares sold totaling 1,256,134 shares.

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The company’s stock has a 5-day price change of 17.55% and 34.87% over the past three months. EW shares are trading 12.90% year to date (YTD), with the 12-month market performance up to 5.66% higher. It has a 12-month low price of $60.57 and touched a high of $94.87 over the same period. EW has an average intraday trading volume of 4.22 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 15.19%, 17.99%, and 10.06% respectively.

Institutional ownership of Edwards Lifesciences Corp (NYSE: EW) shares accounts for 85.71% of the company’s 608.30M shares outstanding.

It has a market capitalization of $52.21B and a beta (3y monthly) value of 1.04. The stock’s trailing 12-month PE ratio is 36.81, while the earnings-per-share (ttm) stands at $2.34. The company has a PEG of 4.61 and a Quick Ratio of 2.45 with the debt-to-equity ratio at 0.10. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.61% over the week and 2.60% over the month.

Analysts forecast that Edwards Lifesciences Corp (EW) will achieve an EPS of $0.64 for the current quarter, $0.66 for the next quarter and $2.76 for 2024. The lowest estimate earnings-per-share for the quarter is $0.62 while analysts give the company a high EPS estimate of $0.66. Comparatively, EPS for the current quarter was $0.64 a year ago. Earnings per share for the fiscal year are expected to increase by 1.18%, and 9.90% over the next financial year. EPS should shrink at an annualized rate of 7.99% over the next five years, compared to 22.06% over the past 5-year period.

Looking at the support for the EW, a number of firms have released research notes about the stock. Wells Fargo stated their Overweight rating for the stock in a research note on February 02, 2024, with the firm’s price target at $94.

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