In yesterday’s Wall Street session, Alkaline Water Company Inc (NASDAQ:WTER) shares traded at $0.24, up 5.22% from the previous session.
1 analysts cover Alkaline Water Company Inc (NASDAQ:WTER), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $11250.00 and a low of $11250.00, we find $11250.00. Given the previous closing price of $0.23, this indicates a potential upside of 4891204.35 percent. WTER stock price is now -55.75% away from the 50-day moving average and -86.39% away from the 200-day moving average. The market capitalization of the company currently stands at $2.61M.
The stock has received a hold rating from 0 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $11250.00 as their price target over the next twelve months.
With the price target reduced from $1.25 to $0.90, Canaccord Genuity Downgraded its rating from Hold to Sell for Alkaline Water Company Inc (NASDAQ: WTER).
In other news, RAUCH DAVID ERIC, Director bought 180,000 shares of the company’s stock on Nov 23. The stock was bought for $120,000 at an average price of $0.67. Upon completion of the transaction, the Director now directly owns 100,000 shares in the company, valued at $24000.0. A total of 7.68% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WTER stock. A new stake in Alkaline Water Company Inc shares was purchased by GEODE CAPITAL MANAGEMENT, LLC during the first quarter worth $18,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP invested $3,000 in shares of WTER during the first quarter. In total, there are 44 active investors with 7.41% ownership of the company’s stock.
On Tuesday morning Alkaline Water Company Inc (NASDAQ: WTER) stock kicked off with the opening price of $0.2150. During the past 12 months, Alkaline Water Company Inc has had a low of $0.18 and a high of $5.04. The fifty day moving average price for WTER is $0.5194 and a two-hundred day moving average price translates $1.7496 for the stock.
The latest earnings results from Alkaline Water Company Inc (NASDAQ: WTER) was released for Jun, 2023. According to the Beverages – Non-Alcoholic Company, earnings per share came in at -$0.45, beating analysts’ expectations of -$0.6 by 0.15. This compares to -$0.96 EPS in the same period last year. The net profit margin was -36.18% and return on equity was -680.90% for WTER. The company reported revenue of $14.93 million for the quarter, compared to $16.32 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.49 percent. For the current quarter, analysts expect WTER to generate $12.5M in revenue.
Alkaline Water Company Inc(WTER) Company Profile
The Alkaline Water Company Inc. produces, distributes, and markets bottled alkaline water in the United States. The company also offers bottled alkaline water in various volumes under the Alkaline88 brand. In addition, it engages in selling of sports drinks under the Alkaline88 Sports Drinks brand. The company sells its products through brokers and distributors to retailers, such as convenience stores, natural food products stores, large ethnic markets, and national retailers, as well as e-commerce websites. The Alkaline Water Company Inc. was incorporated in 2011 and is headquartered in Scottsdale, Arizona.
