ARTNA Stock Summary and Trading Ideas (Artesian Resources - Class A Non-Voting | NASDAQ:ARTNA)

Artesian Resources Corp operates as a holding company with a focus on water distribution and wastewater services. Its regulated utility segment includes subsidiaries providing water and wastewater services in Delaware, Maryland, and Pennsylvania. Water distribution spans residential, commercial, industrial, and municipal sectors, while wastewater services are offered primarily in Sussex County, Delaware. The company also engages in non-utility businesses, offering service line protection plans, engineering services, and contract operations for water and wastewater systems. The regulated utility segment constitutes the largest portion of the company's operations, subject to regulations by Delaware, Maryland, and Pennsylvania.

Artesian Resources - Class A Non-Voting trades on the NASDAQ stock market under the symbol ARTNA.

As of April 17, 2024, ARTNA stock price climbed to $34.33 with 30,998 million shares trading.

ARTNA has a beta of 0.43, meaning it tends to be less sensitive to market movements. ARTNA has a correlation of 0.04 to the broad based SPY ETF.

ARTNA has a market cap of $353.20 million. This is considered a Small Cap stock.

Last quarter Artesian Resources - Class A Non-Voting reported $25 million in Revenue and $.34 earnings per share. This fell short of revenue expectation by $-1 million and exceeded earnings estimates by $.03.

In the last 3 years, ARTNA stock traded as high as $63.00 and as low as $33.42.

The top ETF exchange traded funds that ARTNA belongs to (by Net Assets): IFRA, VTI, SMDV, IWM, VXF.

ARTNA has underperformed the market in the last year with a price return of -36.2% while the SPY ETF gained +22.5%. ARTNA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.1% and -3.9%, respectively, while the SPY returned +6.3% and -3.6%, respectively.

ARTNA support price is $33.02 and resistance is $34.42 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ARTNA stock will trade within this expected range on the day.