WAT Stock Summary and Trading Ideas (Waters | NYSE:WAT)

Water sells liquid chromatography, mass spectrometry, and thermal analysis tools. These analytical instruments provide essential information on various products, such as their molecular structures and physical properties, to help clients enhance the health and well-being of end users. As a percentage of sales in 2022, Waters generated 59% from pharmaceutical customers, 31% from industrial clients, and 10% from academic/government institutions.

Waters trades on the NYSE stock market under the symbol WAT.

As of April 16, 2024, WAT stock price declined to $315.41 with 272,807 million shares trading.

WAT has a beta of 1.32, meaning it tends to be more sensitive to market movements. WAT has a correlation of 0.31 to the broad based SPY ETF.

WAT has a market cap of $18.65 billion. This is considered a Large Cap stock.

Last quarter Waters reported $819 million in Revenue and $3.62 earnings per share. This beat revenue expectation by $4 million and exceeded earnings estimates by $.07.

In the last 3 years, WAT stock traded as high as $428.22 and as low as $231.90.

The top ETF exchange traded funds that WAT belongs to (by Net Assets): VTI, VOO, VO, SPY, VUG.

WAT has underperformed the market in the last year with a price return of +2.7% while the SPY ETF gained +23.9%. WAT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.4% and -8.4%, respectively, while the SPY returned +6.1% and -3.4%, respectively.

WAT support price is $313.71 and resistance is $325.47 (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 WAT stock will trade within this expected range on the day.