Edwards Lifesciences Corp (NYSE:EW) shares traded -0.16% lower at $68.93 on Wall Street last session.
EW stock price is now -3.76% away from the 50-day moving average and -9.56% away from the 200-day moving average. The market capitalization of the company currently stands at $40.65B.
With the price target maintained at $60, Wolfe Research recently Downgraded its rating from Peer Perform to Underperform for Edwards Lifesciences Corp (NYSE: EW). , while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Lippis Daniel J., CVP, JAPAC sold 500 shares of the company’s stock on Jan 16 ’25. The stock was sold for $34,382 at an average price of $68.76. Upon completion of the transaction, the CVP, JAPAC now directly owns 23,189 shares in the company, valued at $1.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 16 ’25, CVP,Strategy/Corp Development BOBO DONALD E JR sold 5,000 shares of the business’s stock. A total of $343,736 was realized by selling the stock at an average price of $68.75. This leaves the insider owning 46,936 shares of the company worth $3.24 million. A total of 1.79% 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 0.07, a current ratio of 3.46, and a quick ratio of 2.89. According to the stock market information, the enterprise value for the company is $36981313536, which is based on a 9.94 price-to-earnings ratio, a 1.42 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for EW is $71.559 and a two-hundred day moving average price translates $76.339 for the stock.
The latest earnings results from Edwards Lifesciences Corp (NYSE: EW) was released for 2024-09-30. The net profit margin was 70.82% and return on equity was 17.93% for EW. The company reported revenue of $1.35 billion for the quarter, compared to $1.24 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.93 percent. For the current quarter, analysts expect EW to generate $1.36B in revenue.
