GWRS Stock Summary and Trading Ideas (Global Water Resources | NASDAQ:GWRS)

Global Water Resources Inc operates as a water resources management company that owns, operates, and manages water, wastewater, and recycled water utilities in strategically located communities, principally in metropolitan Phoenix, Arizona. It operate within the State of Arizona.

Global Water Resources trades on the NASDAQ stock market under the symbol GWRS.

As of April 15, 2024, GWRS stock price declined to $12.01 with 40,385 million shares trading.

GWRS has a beta of 1.27, meaning it tends to be more sensitive to market movements. GWRS has a correlation of 0.27 to the broad based SPY ETF.

GWRS has a market cap of $290.29 million. This is considered a Small Cap stock.

Last quarter Global Water Resources reported $12 million in Revenue and $.05 earnings per share. This beat revenue expectation by $368,000 and met earnings estimates .

In the last 3 years, GWRS stock traded as high as $21.25 and as low as $9.34.

The top ETF exchange traded funds that GWRS belongs to (by Net Assets): VTI, IWM, VXF, DES, IWO.

GWRS has underperformed the market in the last year with a price return of -2.4% while the SPY ETF gained +25.3%. GWRS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.4% and -6.5%, respectively, while the SPY returned +6.2% and -3.6%, respectively.

GWRS support price is $11.88 and resistance is $12.47 (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 GWRS stock will trade within this expected range on the day.