Artesian Resources Stock Price on August 1, 2024
| ARTNA Stock | USD 36.34 0.35 0.97% |
Below is the normalized historical share price chart for Artesian Resources extending back to April 28, 1994. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Artesian Resources stands at 36.34, as last reported on the 16th of October 2024, with the highest price reaching 36.66 and the lowest price hitting 36.00 during the day.
If you're considering investing in Artesian Stock, it is important to understand the factors that can impact its price. Artesian Resources secures Sharpe Ratio (or Efficiency) of -0.0849, which signifies that the company had a -0.0849% return per unit of risk over the last 3 months. Artesian Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Artesian Resources' Mean Deviation of 1.16, standard deviation of 1.55, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide.
At present, Artesian Resources' Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Capital Stock is expected to grow to about 10.5 M, whereas Common Stock Total Equity is forecasted to decline to about 6.8 M. . As of October 16, 2024, Price To Sales Ratio is expected to decline to 2.26. In addition to that, Price Earnings Ratio is expected to decline to 16.97. Artesian Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 23rd of May 1996 | 200 Day MA 36.715 | 50 Day MA 36.583 | Beta 0.184 |
Artesian |
Sharpe Ratio = -0.0849
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| Negative Returns | ARTNA |
Estimated Market Risk
| 1.47 actual daily | 13 87% of assets are more volatile |
Expected Return
| -0.13 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Artesian Resources is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Artesian Resources by adding Artesian Resources to a well-diversified portfolio.
Price Book 1.586 | Enterprise Value Ebitda 11.3913 | Price Sales 3.5909 | Shares Float 9.3 M | Dividend Share 1.159 |
Artesian Resources Valuation on August 1, 2024
It is possible to determine the worth of Artesian Resources on a given historical date. On August 1, 2024 Artesian was worth 38.8 at the beginning of the trading date compared to the closed value of 38.84. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Artesian Resources stock. Still, in general, we apply an absolute valuation method to find Artesian Resources' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Artesian Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Artesian Resources' related companies.
| Open | High | Low | Close | Volume | |
| 39.43 | 39.57 | 38.75 | 38.86 | 31,471 | |
08/01/2024 | 38.80 | 38.89 | 38.17 | 38.84 | 38,900 |
| 38.38 | 38.89 | 38.04 | 38.80 | 29,545 |
| Backtest Artesian Resources | | | Artesian Resources History | | | Artesian Resources Valuation | Previous | Next |
Artesian Resources Trading Date Momentum on August 1, 2024
| On August 02 2024 Artesian Resources was traded for 38.80 at the closing time. The highest daily price throughout the period was 38.89 and the lowest price was 38.04 . The daily volume was 29.5 K. The net trading volume on 08/02/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.10% . The overall trading delta to current closing price is 7.05% . |
Artesian Resources Fundamentals Correlations and Trends
By evaluating Artesian Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Artesian Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Artesian financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Artesian Resources Stock history
Artesian Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Artesian is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Artesian Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Artesian Resources stock prices may prove useful in developing a viable investing in Artesian Resources
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 10 M | 7.8 M | |
| Net Income Applicable To Common Shares | 20.7 M | 21.7 M |
Artesian Resources Stock Technical Analysis
Artesian Resources 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.
Price Boundaries
Artesian Resources Period Price Range
Low | October 16, 2024
| High |
0.00 | 0.00 |
Artesian Resources cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Artesian Resources October 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Artesian Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Artesian Resources shares will generate the highest return on investment. By undertsting and applying Artesian Resources stock market strength indicators, traders can identify Artesian Resources entry and exit signals to maximize returns
Artesian Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Artesian Resources' price direction in advance. Along with the technical and fundamental analysis of Artesian Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Artesian to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.14) |
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Complementary Tools for Artesian Stock analysis
When running Artesian Resources' price analysis, check to measure Artesian Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Artesian Resources is operating at the current time. Most of Artesian Resources' value examination focuses on studying past and present price action to predict the probability of Artesian Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Artesian Resources' price. Additionally, you may evaluate how the addition of Artesian Resources to your portfolios can decrease your overall portfolio volatility.
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