Newater Technology, Inc. (NEWA) Stock: A Service Sector Stock That’s Gaining

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Newater Technology, Inc. (NEWA) is making a move up in the market today. The company, one that is focused on the service space, is presently trading at $6.90 after climbing 21.91% so far today. As it relates to service companies, there are several factors that have the potential to lead to gains in the market. News is one of the most common reasons for movement. Here are the most recent trending headlines centered around NEWA:

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Aug-05-19 04:16AM Newater July 2019 Business Highlights
Jul-22-19 02:13PM Is Newater Technology, Inc.s (NASDAQ:NEWA) 28% ROCE Any Good?
Jul-15-19 08:00AM Newater Held DTRO Product Event in Yantai
Jun-21-19 10:18AM Read This Before You Buy Newater Technology, Inc. (NASDAQ:NEWA) Because Of Its P/E Ratio
Jun-12-19 12:12PM Could The Newater Technology, Inc. (NASDAQ:NEWA) Ownership Structure Tell Us Something Useful?

Nonetheless, when making an investing decision, investors should look at much more than just news, especially in the ever complex service industry. Here’s what’s happening with Newater Technology, Inc..

How NEWA Has Been Trending

While a gain in a single session, like the move that we’re seeing from Newater Technology, Inc. might lead to fear in some investors, that alone should not be the basis of a decision to, or not to, invest in a company. It’s always important to take a look at trends just a single trading day. As it relates to NEWA, here are the returns that we have seen:

  • Past 5 Sessions – In the last seven days, NEWA has seen a price change in the amount of 23.66%.
  • Past Month – The monthly performance from Newater Technology, Inc. has been 7.98%.
  • Past 3 Months – In the past quarter, the stock has produced a return that comes to -4.17%
  • Bi-Annually – In the previous 6 months, we have seen a change of 6.15% from the stock.
  • This Year So Far – Since the close of last year NEWA has resulted in a return of 23.21%.
  • Annually – Lastly, throughout the past year, we’ve seen performance that comes to -68.69% from NEWA. In this period, the stock has sold at a high price of -76.76% and a low price of 37.72%.

Rations That Investors Should Consider

Looking at various ratios having to do with a company generally gives prospective investors a view of just how risky and/or rewarding a pick might be. Below are some of the important ratios to look at when digging into NEWA.

Short Ratio – The short ratio is a measure of short interest. As the short ratio goes higher, it means that more investors believe that the price of the stock is headed for the top. In general, strong service sector stocks tend to have a lower short ratio. On the other hand, we also see quite a few short squeezes in the space. Nonetheless, in regard to Newater Technology, Inc., it’s short ratio amounts to 8.39.

Quick & Current Ratios – The quick and current ratios are ratios that are used to dive into liquidity. Basically, they measure whether or not a company can cover its debts as they mature based on quick assets or current assets. do have strong quick and current ratios. In terms of NEWA, the quick and current ratios work out to 0.90 and 1.30 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the book value of assets that are owned by the company. In this case, that ratio works out to 2.50.

Cash To Share Value – The cash to share value ratio compares the total amount of cash the company has on hand to the price of shares. In this case, the cash to share value comes to 0.23.

Investors Tend To Follow The Big Money

An interesting fact that I have learned in my brief period here is that smart investors tend to follow the moves made by big money. In other words, investors that want to play it relatively safe will follow investments made by institutional investors as well as insiders of the company. So, where is the big money when it comes to NEWA? Here’s what’s happening:

  • Institutions – As it stands now, institutional investors hold 3.70% of NEWA. Nonetheless, it is worth considering that institutional ownership has seen a move in the amount of 0 throughout the last 3 months.
  • Investors On The Inside – as it relates to insiders, those close to the situation currently hold 44.41% of the company. Their ownership of the company has seen a move of 0.00% throughout the past 3 months.

How Analysts Feel About Newater Technology, Inc.

While it’s not a good idea to avoid doing your DD and blindly following the thoughts of analysts, it is a smart idea to consider their analysis to validate your own when it comes to making investment decisions in the service space. Below are the recent moves that we’ve seen from analysts with regard to NEWA.

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Financial Performance

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0. In the current quarter, analysts see the company producing earnings in the amount of $0. Over the last 5 years, NEWA has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of -101.20% and revenue has seen movement of 174.70%.

Interested In How Many Shares Are Available?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 10.82M shares of Newater Technology, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, NEWA has a float of 6.01M.

It’s also important to look at the short percentage of the float. Think about it, if a large percentage of the float is sold short, the overall opinion in the market is that the stock is going to take a dive. When it comes to NEWA, the percentage of the float that is shorted currently sits at 2.30%. Most investors would say that a concerning short percent of the float would be considered to be anything over 40%. Nonetheless, I’ve calculated that a short ratio over 26% is probably going to be a play that comes with hefty risk.

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