Middlesex Water Co [NASDAQ: MSEX] loss -1.86% or -1.24 points to close at $65.32 with a heavy trading volume of 128021 shares.
The daily chart for MSEX points out that the company has recorded 27.11% gains over the past six months.
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If we look at the average trading volume of 91.56K shares, MSEX reached to a volume of 128021 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Middlesex Water Co [MSEX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MSEX shares is $66.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MSEX stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Robert W. Baird have made an estimate for Middlesex Water Co shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 05, 2024. The new note on the price target was released on June 24, 2022, representing the official price target for Middlesex Water Co stock.
The Average True Range (ATR) for Middlesex Water Co is set at 2.07, with the Price to Sales ratio for MSEX stock in the period of the last 12 months amounting to 6.36. The Price to Book ratio for the last quarter was 2.64, with the Price to Cash per share for the same quarter was set at 0.36.
Trading performance analysis for MSEX stock
Middlesex Water Co [MSEX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.56. With this latest performance, MSEX shares gained by 2.85% in over the last four-week period, additionally plugging by 27.11% over the last 6 months – not to mention a rise of 2.40% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MSEX stock in for the last two-week period is set at 47.45, with the RSI for the last a single of trading hit 43.94, and the three-weeks RSI is set at 49.33 for Middlesex Water Co [MSEX]. The present Moving Average for the last 50 days of trading for this stock 65.21, while it was recorded at 66.42 for the last single week of trading, and 57.96 for the last 200 days.
Middlesex Water Co [MSEX]: A deeper dive into fundamental analysis
Middlesex Water Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.57 and a Current Ratio set at 0.65.
Middlesex Water Co [MSEX]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MSEX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Middlesex Water Co go to 2.70%.
An analysis of Institutional ownership at Middlesex Water Co [MSEX]
There are presently around $80.03%, or 81.38%% of MSEX stock, in the hands of institutional investors. The top three institutional holders of MSEX stocks are: BLACKROCK INC. with ownership of 3.36 million shares, which is approximately 18.8615%. VANGUARD GROUP INC, holding 1.39 million shares of the stock with an approximate value of $$72.54 million in MSEX stocks shares; and VANGUARD GROUP INC, currently with $$65.83 million in MSEX stock with ownership which is approximately 7.0691%.
