The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Middlesex Water has an asset utilization ratio of 23.66 percent. This suggests that the company is making $0.24 for each dollar of assets. An increasing asset utilization means that Middlesex Water is more efficient with each dollar of assets it utilizes for everyday operations.
The successful prediction of Middlesex Water
stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published
stock prices of traded companies, such as Middlesex Water, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at
the intrinsic value of Middlesex Water based on Middlesex Water hews, social hype, general headline patterns, and widely used
predictive technical indicators. We also calculate exposure to Middlesex Water's
market risk, different
technical and
fundamental indicators, relevant financial multiples and ratios, and then
comparing them to Middlesex Water's related companies.
Use Technical Analysis to project Middlesex expected Price
Middlesex Water technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Middlesex Water technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Middlesex Water trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions.
More Info...Middlesex Water Gross Profit
Middlesex Water Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Middlesex Water previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Middlesex Water Gross Profit growth over the last 10 years. Please check Middlesex Water's
gross profit and other
fundamental indicators for more details.
What is driving Middlesex Water Investor Appetite?
The small slide in market price for the last few months may encourage investors to take a closer look at the firm as it is trading at a share price of
66.32 on
24,200 in trading volume. The company management teams did not add much value to Middlesex Water investors in
October. However, diversifying your holdings with Middlesex Water or similar stocks can still protect your portfolio during high-volatility market scenarios. The stock standard deviation of daily returns for 30 days investing horizon is currently 1.65. The below-average Stock volatility is a good sign for longer-term investment options and for buy-and-hold investors.
| 2017 | 2018 | 2019 | 2020 (projected) |
Consolidated Income | 22.81 M | 32.45 M | 33.89 M | 29.37 M | Direct Expenses | 64.67 M | 71.57 M | 67.98 M | 62.19 M |
Deferred Revenue Breakdown
Middlesex Water Deferred Revenue yearly trend continues to be fairly stable with very little volatility. Deferred Revenue will likely drop to about 1.2
M in 2020. Deferred Revenue usually refers to a component of Total Liabilities representing the carrying amount of consideration received or receivable on potential earnings that were not recognized as revenue; including sales; license fees; and royalties; but excluding interest income. Middlesex Water Deferred Revenue is fairly stable at the moment as compared to the past year. Middlesex Water reported Deferred Revenue of 1.21 Million in 2019
| 2013 | 837,000 |
| 2014 | 839,000 |
| 2015 | 880,000 |
| 2016 | 923,000 |
| 2017 | 951,000 |
| 2018 | 1.04 Million |
| 2019 | 1.21 Million |
| 2020 | 1.16 Million |
Over 3 percent rise for Middlesex Water. What does it mean for investors?
Current mean deviation is at 1.31. Middlesex Water exhibits very low volatility with skewness of 0.64 and kurtosis of 0.76. However, we advise investors to further study Middlesex Water technical indicators to make sure all market info is available and is reliable.
Our Conclusion on Middlesex Water
While many other companies within the utilities—regulated water industry are still a little expensive, even after the recent corrections, Middlesex Water may offer a potential longer-term growth to investors. In closing, as of the 1st of November 2020, our analysis shows that Middlesex Water follows the market closely. The company is
fairly valued and projects
below average probability of distress for the next 2 years. Our actual 30 days 'Buy-Sell' recommendation on the company is
Strong Buy.
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Gabriel Shpitalnik is a Member of Macroaxis Editorial Board. Gabriel is a young entrepreneur and writes predominantly on the business, technology, and finance sector. He likes to analyze different equity instruments across a wide range of industries focusing primarily on consumer products and evolving technologies.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Gabriel Shpitalnik do not own shares of Middlesex Water. Please refer to our
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