Edwards Lifesciences Corp (NYSE: EW) – Not A Clear Buying Opportunity?

Edwards Lifesciences Corp (EW) concluded trading on Wednesday at a closing price of $65.75, with 5.01 million shares of worth about $329.67 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -22.73% during that period and on November 06, 2024 the price saw a loss of about -1.41%. Currently the company’s common shares owned by public are about 601.10M shares, out of which, 591.62M shares are available for trading.

Stock saw a price change of -4.20% in past 5 days and over the past one month there was a price change of -4.07%. Year-to-date (YTD), EW shares are showing a performance of -13.77% which decreased to -2.01% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $58.93 but also hit the highest price of $96.12 during that period. The average intraday trading volume for Edwards Lifesciences Corp shares is 6.20 million. The stock is currently trading -4.12% below its 20-day simple moving average (SMA20), while that difference is down -2.92% for SMA50 and it goes to -18.16% lower than SMA200.

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Edwards Lifesciences Corp (NYSE: EW) currently have 601.10M outstanding shares and institutions hold larger chunk of about 85.48% of that.

The stock has a current market capitalization of $39.61B and its 3Y-monthly beta is at 1.12. PE ratio of stock for trailing 12 months is 9.48, while it has posted earnings per share of $6.93 in the same period. Its PEG reads 1.35 and has Quick Ratio of 2.87 while making debt-to-equity ratio of 0.16. 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 2.67% while standing at 2.74% over the month.

Stock’s fiscal year EPS is expected to rise by 2.49% while it is estimated to decrease by -4.90% in next year. EPS is likely to shrink at an annualized rate of 7.00% for next 5-years, compared to annual growth of 15.35% made by the stock over the past 5-years.

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 Morgan Stanley on October 11, 2024 offering an Equal-weight rating for the stock and assigned a target price of $70 to it. Coverage by Jefferies stated Edwards Lifesciences Corp (EW) stock as a Hold in their note to investors on September 18, 2024, suggesting a price target of $70 for the stock. Stock get a Hold rating from Truist on July 25, 2024.

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