California Water Service Group (CWT) concluded trading on Wednesday at a closing price of $43.27, with 0.48 million shares of worth about $20.63 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -12.52% during that period and on January 08, 2025 the price saw a loss of about -2.46%. Currently the company’s common shares owned by public are about 59.47M shares, out of which, 59.02M shares are available for trading.
Stock saw a price change of -4.54% in past 5 days and over the past one month there was a price change of -11.15%. Year-to-date (YTD), CWT shares are showing a performance of -4.54% which decreased to -12.74% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $43.50 but also hit the highest price of $56.25 during that period. The average intraday trading volume for California Water Service Group shares is 299.87K. The stock is currently trading -6.29% below its 20-day simple moving average (SMA20), while that difference is down -11.60% for SMA50 and it goes to -14.24% lower than SMA200.
California Water Service Group (NYSE: CWT) currently have 59.47M outstanding shares and institutions hold larger chunk of about 83.74% of that.
The stock has a current market capitalization of $2.57B and its 3Y-monthly beta is at 0.52. PE ratio of stock for trailing 12 months is 12.52, while it has posted earnings per share of $3.46 in the same period. Its PEG reads 0.30 and has Quick Ratio of 0.60 while making debt-to-equity ratio of 0.81. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CWT, volatility over the week remained 2.40% while standing at 1.93% over the month.
Analysts are in expectations that California Water Service Group (CWT) stock would likely to be making an EPS of 0.16 in the current quarter, while forecast for next quarter EPS is 0.2 and it is 2.35 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.15 which is 0.36 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 0.52 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 226.57% while it is estimated to decrease by -21.22% in next year. EPS is likely to grow at an annualized rate of 42.44% for next 5-years, compared to annual growth of -7.76% 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 Wells Fargo on January 07, 2025 offering an Overweight rating for the stock and assigned a target price range of between $56 and $52 to it. Coverage by BofA Securities stated California Water Service Group (CWT) stock as a Buy in their note to investors on December 11, 2024, suggesting a price target of $57 for the stock. Stock get an Underweight rating from Wells Fargo on October 25, 2023.
