With 156.66M Outstanding Shares, Can Mueller Water Products Inc (NYSE: MWA) Deliver Big Short-Term Gains?

Mueller Water Products Inc (NYSE:MWA) currently has a daily average trading volume of 2.30M but it saw 1648581 shares traded in last market. With a market cap of 3.78B USD, the company’s current market price of $24.10 came falling about -1.91 while comparing to the previous closing price of $24.57. In past 52 weeks, the stock remained buoying in the range of price level as high as $28.58 and as low as $17.09.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the TD Cowen which downgraded the stock as “Hold” in its note to investors issued on August 09, 2024, recommending a price target of between $19 and $20 for it. Oppenheimer upgraded its recommendation for the stock as a “Outperform” from “Perform” on April 18, 2024 while assigning a price target of $19.

Over the week, MWA’s stock price is moving -0.86% down while it is -5.12% when we observe its performance for the past one month. Year-to-date it is 7.11% up and over the past year, the stock is showing an upside performance of 37.56%.

Currently, Mueller Water Products Inc’s total number of outstanding shares is 156.66M. Company’s return on investment (ROI) stands at 10.70% and return on equity (ROE) at 17.68%. It has a price to earnings ratio (P/E ratio) of 26.33 while having a 17.83 of forward P/E ratio. Stock’s beta reads 1.20. Stock has a price to book (P/B) ratio of 4.32 while price to sale or P/S ratio amounts to 2.75. Its return on asset (ROA) is 8.97% on average.

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