An Evaluation Of Edwards Lifesciences Corp (NYSE: EW) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Edwards Lifesciences to Present at the 42nd Annual J.P. Morgan Healthcare Conference.

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Stocks Info

EW belongs to the Healthcare sector of the NYSE while operating in the Medical Devices industry. At the end of the last regular session, the stock closed at $73.82 and fluctuated between $73.94 as its day high and $72.81 as its day low. The current market capitalization of Edwards Lifesciences Corp is $44.77B. A total of 2.74 million shares were traded on the day, compared to an average of 4.53M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, EW has seen 5 BUY and 8 SELL insider trades, representing the acquisition of 422,954 and the disposition of 422,954 shares. Over the last 12 months, there were 86 BUYs and 111 SELLs from insiders. Insiders purchased 1,405,593 shares during that period but sold 1,256,134.

In the most recent transaction, BOBO DONALD E JR sold 10,000 shares of EW for 75.67 per share on Jan 12. After the transaction, the CVP,Strategy/Corp Development now owns 39,503 company shares. In a previous transaction on Jan 05, MUSSALLEM MICHAEL A sold 29,350 shares at 72.98 per share. EW shares that Director owns now total 4,486.

Among the insiders who sold shares, Ullem Scott B. disposed of 14,510 shares on Dec 29 at a per-share price of $76.55. This resulted in the CVP, Chief Financial Officer holding 19,248 shares of EW after the transaction. In another insider transaction, Chopra Daveen sold 7,000 shares at $78.25 per share on Dec 15. Company shares held by the CVP, TMTT now total 23,950.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for EW in the last 3 months, the mean price target is $79.11 with high estimates of $96.00 and low estimates of $57.00. In terms of 52-week highs and lows, EW has a high of $94.87 and a low of $60.57.

As of this writing, EW has an earnings estimate of $WW International, Inc. per share for the current quarter. EPS was calculated based on a consensus of Energy Transfer LP estimates, with a high estimate of $Wayfair Inc. per share and a lower estimate of $Estee Lauder Companies, Inc. (T.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. EW’s latest balance sheet shows that the firm has $1.47B in Cash & Short Term Investments as of fiscal 2021. There were $690.30M in debt and $1.03B in liabilities at the time. Its Book Value Per Share was $10.98, while its Total Shareholder’s Equity was $5.84B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EW is Buy with a score of 3.68.

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