In yesterday’s Wall Street session, Edwards Lifesciences Corp (NYSE:EW) shares traded at $65.10, down -1.35% from the previous session.
EW stock price is now -3.85% away from the 50-day moving average and -19.94% away from the 200-day moving average. The market capitalization of the company currently stands at $39.22B.
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With the price target reduced from $85 to $70, Jefferies Downgraded its rating from Buy to Hold for Edwards Lifesciences Corp (NYSE: EW). , while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
In other news, BOBO DONALD E JR, CVP,Strategy/Corp Development sold 5,000 shares of the company’s stock on Sep 11 ’24. The stock was sold for $333,826 at an average price of $66.77. Upon completion of the transaction, the CVP,Strategy/Corp Development now directly owns 46,936 shares in the company, valued at $3.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 20 ’24, CVP, TMTT Chopra Daveen sold 1,250 shares of the business’s stock. A total of $87,438 was realized by selling the stock at an average price of $69.95. This leaves the insider owning 29,333 shares of the company worth $1.91 million. A total of 1.72% of the company’s stock is owned by insiders.
During the past 12 months, Edwards Lifesciences Corp has had a low of $58.93 and a high of $96.12. As of last week, the company has a debt-to-equity ratio of 0.09, a current ratio of 3.71, and a quick ratio of 2.87. According to the stock market information, the enterprise value for the company is $37986639872, which is based on a 26.79 price-to-earnings ratio, a 3.39 price-to-earnings-growth ratio, and a beta of 1.13. The fifty day moving average price for EW is $67.2472 and a two-hundred day moving average price translates $81.2664 for the stock.
The latest earnings results from Edwards Lifesciences Corp (NYSE: EW) was released for 2024-06-30. The net profit margin was 24.55% and return on equity was 21.35% for EW. The company reported revenue of $1.39 billion for the quarter, compared to $1.3 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.98 percent.