Investors are Diving into the 1.18 Beta on Shares of Waters Corporation (NYSE:WAT)

Examining shares of Waters Corporation (NYSE:WAT), we can see that the stock has a current beta of 1.18. Checking in on current price action, company shares had recently touched 250.77. From the session open, shares have moved 0.00%. Investors will be watching to see how the stock reacts to market influences over the next few weeks. As we near the halfway point of the calendar year, investors may be trying to figure out if now is the time to get in on the name, or whether to wait for a better opportunity.

One of the biggest mistakes that can plague the individual investor is not setting up an overall investment plan. Investors may want to start out be setting up an outline of overall goals. Having goals can eventually make the day to day investing decisions at little bit easier over time. Once a plan is in place, investors can then spend more time focusing on the proper stocks to add to the portfolio. Dedicating time for extensive stock research may not be easy, but it may put the investor in a better position. Some investors will go to greater lengths, such as making sure that they have a good reason behind every buy or sell decision. This process may seem unnecessary to some, but it may help the investor stay focused when the market gets choppy and tough decisions need to be made.

Let’s take a look at some of the numbers for Waters Corporation (NYSE:WAT). Stock price performance for the past week is currently noted at 0.06%. If we look back to the beginning of the calendar year, shares have performed 32.88%. Looking back over the past full-year, shares have performed 23.29%. Over the past month, the stock has performed 4.01%. Over the last quarter, the stock has performed 28.60%. Briefly looking at some recent volatility numbers, we can see that shares have been noted at 1.62% for the week, and 1.52% for the past month.

We are also noting that Waters Corporation (NYSE:WAT) was recently seen trading -1.74% away from the 50-day high and 10.86% separated from the 50-day low. Taking a broader view, the current separation from the 52-week high is -1.74%, and the distance from the 52-week low is currently 49.33%. Let’s also look quickly at some analyst views on company shares. At the time of writing, the consensus target price for the company is $223.92. The consensus recommendation provided by covering sell-side analysts is currently 3.00. This number lands on a scale from 1 to 5. Following this scale, a rating of a 1 or a 2 would indicate a consensus Buy recommendation. A rating of 4 or 5 would represent a consensus Sell recommendation. A rating of 3 would indicate a Hold recommendation.

Investors may be getting ready to buy into the stock market as we cruise into the second half of the year. Filtering out the constant noise in the markets can be challenging. Sifting through all the data can be trying, especially for the novice investor. Digging down into the fundamentals may help weed out the undesirable companies. Investors will most likely be scouting out the equity market for any bargains. Although they may be harder to find these days, there still may be a hidden gem out there somewhere. As companies start to report quarterly earnings, investors will be closely following to see which ones are poised for success over the next few quarters.  

After a recent check, Waters Corporation (NYSE:WAT) shares have been seen trading 0.91% away from the 20-day moving average. Zooming out to the 50-day, we can see that shares are currently trading 4.03% off of that mark. Looking at the 200-day moving average, shares have been trading 22.21% away from that value. The moving average uses the sum of all of the previous closing prices over a certain time period and divides the result by the number of prices used in the calculation. Many investors will opt to use multiple time periods when examining moving averages. Moving averages are considered to be lagging indicators, and they may prove to be very useful for spotting peaks and troughs. They may also be used to help the trader calculate sturdy support and resistance levels for the stock.

Looking at the current landscape of the equity market, investors may be doing some bargain hunting for stocks to add to the portfolio. Many sharp investors will welcome temporary market dips which may provide plenty of buying opportunities. Being prepared for these types of opportunities can help the investor make quick decisions in the midst of a downturn. As we move closer to the close of the year, investors will be closely watching the next round of company earnings reports. Even if the individual investor chooses to trade conservatively during earnings, they can still do the necessary research and have stocks lined up to purchase when the time is right.

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