Artesian Resources Stock Today
| ARTNA Stock | USD 34.74 0.17 0.49% |
Performance0 of 100
| Odds Of DistressLess than 8
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Artesian Resources is trading at 34.74 as of the 30th of November 2024, a 0.49% increase since the beginning of the trading day. The stock's open price was 34.57. Artesian Resources has only a 8 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for Artesian Resources are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of June 2024 and ending today, the 30th of November 2024. Click here to learn more.
Business Domain Utilities | IPO Date 23rd of May 1996 |
Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. Artesian Resources Corporation was founded in 1905 and is headquartered in Newark, Delaware. Artesian Res operates under UtilitiesRegulated Water classification in the United States and is traded on NASDAQ Exchange. The company has 9.42 M outstanding shares of which 95.83 K shares are presently shorted by private and institutional investors with about 3.88 days to cover all short positions. More on Artesian Resources
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Artesian Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| Chairman | Dian Taylor | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Water Utilities, Utilities - Regulated Water, Utilities, NASDAQ Composite, NASDAQ Composite Total, Utilities, Water Utilities, Utilities—Regulated Water, Utilities (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Financial Strength
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Debt LevelsArtesian Resources can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Artesian Resources' financial leverage. It provides some insight into what part of Artesian Resources' total assets is financed by creditors.
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Artesian Resources (ARTNA) is traded on NASDAQ Exchange in USA. It is located in 664 Churchmans Road, Newark, DE, United States, 19702 and employs 251 people. Artesian Resources is listed under Water Utilities category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 327.13 M. Artesian Resources classifies itself under Water Utilities sector and is part of Utilities industry. The entity has 9.42 M outstanding shares of which 95.83 K shares are presently shorted by private and institutional investors with about 3.88 days to cover all short positions.
Artesian Resources has accumulated about 220 K in cash with 31.85 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02.
Check Artesian Resources Probability Of Bankruptcy
Ownership AllocationThe market capitalization of Artesian Resources is $327.13 Million. Over half of Artesian Resources' outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Note, that even with substantial debt, if the true value of the firm is larger than the current market value, you may still be able to generate positive returns on investment in this company at some point.
Check Artesian Ownership Details
Artesian Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Geode Capital Management, Llc | 2024-09-30 | 110.3 K | |
| First Manhattan Co. Llc | 2024-09-30 | 102.9 K | |
| Acadian Asset Management Llc | 2024-06-30 | 92.8 K | |
| Legal & General Group Plc | 2024-06-30 | 92.4 K | |
| Roffman Miller Associates Inc | 2024-09-30 | 78.9 K | |
| Fca Corp | 2024-09-30 | 77.5 K | |
| Amvescap Plc. | 2024-06-30 | 70.1 K | |
| Bank Of New York Mellon Corp | 2024-06-30 | 69 K | |
| State Street Corp | 2024-06-30 | 65.8 K | |
| T. Rowe Price Investment Management,inc. | 2024-09-30 | 884.3 K | |
| Blackrock Inc | 2024-06-30 | 684.7 K |
Artesian Resources Historical Income Statement
Artesian Stock Against Markets
Artesian Resources Corporate Management
| John Thaeder | Sr. VP of Operations | Profile | |
| CPA CPA | Corp Fin | Profile | |
| Courtney Esq | General Secretary | Profile | |
| Jennifer CPA | Corporate Finance | Profile | |
| CPA CGMA | Exec Sec | Profile |
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The danger of trading Artesian Resources is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Artesian Resources is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Artesian Resources. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Artesian Resources is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Artesian Resources offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Artesian Resources' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Artesian Resources Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Artesian Resources Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Artesian Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade Artesian Stock refer to our How to Trade Artesian Stock guide.You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Is Water Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Artesian Resources. If investors know Artesian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Artesian Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.347 | Dividend Share 1.17 | Earnings Share 1.95 | Revenue Per Share 10.266 | Quarterly Revenue Growth 0.097 |
The market value of Artesian Resources is measured differently than its book value, which is the value of Artesian that is recorded on the company's balance sheet. Investors also form their own opinion of Artesian Resources' value that differs from its market value or its book value, called intrinsic value, which is Artesian Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Artesian Resources' market value can be influenced by many factors that don't directly affect Artesian Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Artesian Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Artesian Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Artesian Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.