There Is A Quest For Clarity Surrounding Advanced Drainage Systems Inc (NYSE: WMS) Volatility

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that Advanced Drainage Systems Announces Quarterly Cash Dividend.

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Stocks Info

This NYSE-listed company operates within the Building Products & Equipment industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $157.97 and fluctuated between $159.49 as its day high and $148.35 as its day low. The current market capitalization of Advanced Drainage Systems Inc is $12.31B. A total of 1.61 million shares were traded on the day, compared to an average of 431.61K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, WMS has seen 3 BUY and 1 SELL insider trades, representing the acquisition of 14,794 and the disposition of 14,794 shares. Over the last 12 months, there were 36 BUYs and 72 SELLs from insiders. Insiders purchased 225,685 shares during that period but sold 1,410,900.

In the most recent transaction, KING BRIAN W. sold 1,869 shares of WMS for 140.86 per share on Dec 15. After the transaction, the Executive Vice President now owns 10,508 company shares. In a previous transaction on Dec 14, HUEBERT MICHAEL G. sold 13,473 shares at 138.23 per share. WMS shares that Executive Vice President owns now total 23,325.

Among the insiders who sold shares, MAKOWSKI TIM A disposed of 2,000 shares on Dec 06 at a per-share price of $125.72. This resulted in the insider holding 6,147 shares of WMS after the transaction. In another insider transaction, HUEBERT MICHAEL G. sold 14,794 shares at $120.74 per share on Nov 15. Company shares held by the Executive Vice President now total 36,798.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Advanced Drainage Systems Inc pays an annual dividend of $0.56, resulting in a dividend yield of 0.35%, and it has a price to earnings (P/E) ratio of 25.12. WMS’s most recent ex-dividend date was 11/30/2023 when it declared a $0.14 quarterly dividend that was paid in cash on 12/15/2023. Previously, the company paid the dividend on 9/15/2023 with an ex-dividend date of 8/31/2023. The WMS stock dividend was $0.14 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for WMS in the last 3 months, the mean price target is $151.56 with high estimates of $166.00 and low estimates of $138.00. In terms of 52-week highs and lows, WMS has a high of $145.68 and a low of $75.02.

As of this writing, WMS has an earnings estimate of $Morgan Stanley per share for the current quarter. EPS was calculated based on a consensus of Walmart Inc. estimates, with a high estimate of $Williams Companies, Inc. (The) per share and a lower estimate of $Waste Management, Inc.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. WMS’s latest balance sheet shows that the firm has $20.12M in Cash & Short Term Investments as of fiscal 2022. There were $958.84M in debt and $391.24M in liabilities at the time. Its Book Value Per Share was $14.70, while its Total Shareholder’s Equity was $1.11B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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 WMS is Buy with a score of 4.75.

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