Some Investing Thoughts On Edwards Lifesciences Corp (NYSE: EW)

Edwards Lifesciences Corp (EW) concluded trading on Wednesday at a closing price of $87.24, with 2.88 million shares of worth about $251.09 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 22.41% during that period and on April 17, 2024 the price saw a loss of about -3.12%. Currently the company’s common shares owned by public are about 601.10M shares, out of which, 591.80M shares are available for trading.

However, the stock later moved at a day high price of 90.78, or with a loss of -3.12%. Stock saw a price change of -4.67% in past 5 days and over the past one month there was a price change of -6.04%. Year-to-date (YTD), EW shares are showing a performance of 14.41% which increased to 3.80% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $60.57 but also hit the highest price of $96.12 during that period. The average intraday trading volume for Edwards Lifesciences Corp shares is 4.03 million. The stock is currently trading -6.01% below its 20-day simple moving average (SMA20), while that difference is down -3.02% for SMA50 and it goes to 10.65% higher than SMA200.

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Edwards Lifesciences Corp (NYSE: EW) currently have 601.10M outstanding shares and institutions hold larger chunk of about 82.59% of that.

The stock has a current market capitalization of $52.46B and its 3Y-monthly beta is at 1.08. PE ratio of stock for trailing 12 months is 37.90, while it has posted earnings per share of $2.30 in the same period. Its PEG reads 4.06 and has Quick Ratio of 2.40 while making debt-to-equity ratio of 0.10. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EW, volatility over the week remained 2.74% while standing at 2.19% over the month.

Stock’s fiscal year EPS is expected to rise by 9.73% while it is estimated to increase by 12.43% in next year. EPS is likely to shrink at an annualized rate of 9.34% for next 5-years, compared to annual growth of 15.35% made by the stock over the past 5-years.

Coverage by Wells Fargo stated Edwards Lifesciences Corp (EW) stock as an Overweight in their note to investors on February 02, 2024, suggesting a price target of $94 for the stock. Stock get an Underperform rating from Wolfe Research on November 28, 2023.

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