WMS Stock Summary and Trading Ideas (Advanced Drainage Systems | NYSE:WMS)

Advanced Drainage Systems Inc is engaged in designing, manufacturing, and marketing thermoplastic corrugated pipe and related water management products in North and South America, and Europe. The company's operating segment includes Pipe; Infiltrator; International and Allied Products and Other. It generates maximum revenue from the Pipe segment. The company serves Agriculture; Aviation and Military; Mining; Residential; Transportation; Healthcare and Education and others.

Advanced Drainage Systems trades on the NYSE stock market under the symbol WMS.

As of May 10, 2024, WMS stock price climbed to $172.44 with 317,071 million shares trading.

WMS has a beta of 1.83, meaning it tends to be more sensitive to market movements. WMS has a correlation of 0.43 to the broad based SPY ETF.

WMS has a market cap of $13.38 billion. This is considered a Large Cap stock.

Last quarter Advanced Drainage Systems reported $662 million in Revenue and $1.37 earnings per share. This beat revenue expectation by $33 million and exceeded earnings estimates by $.35.

In the last 3 years, WMS stock traded as high as $176.31 and as low as $75.02.

The top ETF exchange traded funds that WMS belongs to (by Net Assets): VTI, IJH, VB, VBK, VXF.

WMS has outperformed the market in the last year with a price return of +98.1% while the SPY ETF gained +27.8%. WMS has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +6.5% and +6.0%, respectively, while the SPY returned +4.2% and +2.5%, respectively.

WMS support price is $168.94 and resistance is $175.76 (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 WMS stock will trade within this expected range on the day.