Is This Aqua America, Inc. (WTR)’s Unjustifiable Rally?

The stock of Aqua America, Inc. (NYSE:WTR) has been Downgraded to Neutral from Buy by UBS in its latest research note that was published on August 08. WTR was given a price target of $45 by UBS, with other Wall Street analysts also giving their reports regarding the stock. BofA/Merrill, analysts launched coverage of WTR stock with a Buy rating, according to their flash note to investors on July 15. Analysts at UBS issued an upgrade fromNeutral to Buy for the stock, in a research note that dated back to March 19.

Aqua America, Inc., which has current market capitalization of above $9 Billion, published its last quarter earnings on June 30, 2019.

WTR surged by $0.62 during the normal trading session on Thursday and reaching a high of $43.82 during the day while it closed the day at $43.46. The Aqua stock had a high trading volume of 1.14 million shares on that day, which is high compared to the average daily volume of 1.03M shares. WTR has also lost 3.08% of its value over the past 7 days. However, the stock has surged by 6.52% in the 3 months of the year. Over the past six months meanwhile, it has gained 22.53% while it has added 27.11% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -4.48% from its 3 months high price. However, taking another look at WTR will indicate that it is trading +7.98% away from its 90-day low. Looking at the bigger picture, the Aqua America, Inc. stock has dropped by -4.48% from its 52-week high while it has surged by +35.43% from its 52-week low price.

On September 09, 2019 Hilferty Daniel J III, Director bought 1152 shares of the company. The average price for that transaction was $43.38 per share, which meant that Hilferty Daniel J III spent $49973.76 purchasing the stocks. The purchase was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with Director, Hilferty Daniel J III purchasing 1153 shares of this stock on August 15, 2019. The average purchasing price for the stock was $43.35 per share, with the purchased stock accruing $49982.55. Following this transaction, the Director Hilferty Daniel J III now holds 5814 shares of the company, which is worth around $251164.8.

Aqua has around 2 Trillion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $399 Billion. The Aqua stock is bringing in revenue of over 12 months, which is roughly 44 Billion. Despite all that, Aqua America, Inc. is seeing things progressing very much as their y-o-y quarterly revenue surged by 0.84%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 59.92%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 31.54%. Over the past 20 days, Aqua’s Stochastic %K stood at 22.04% while its Stochastic %D was revealed to be 23.76%.