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In a notable downturn, Consolidated Water Co. Ltd. (CWCO) stock has reached its 52-week low, touching a price level of $23.49. According to InvestingPro data, the company maintains strong fundamentals with a healthy balance sheet, holding more cash than debt and maintaining dividend payments for 29 consecutive years. This latest dip reflects a significant retreat from more favorable positions over the past year, with the company's shares experiencing an overall decline of -11.91% in value. Despite the recent performance, analysts maintain a bullish outlook with price targets ranging from $38 to $39. Investors are closely monitoring the stock as it navigates through the challenging market conditions that have contributed to this year-long downward trend. The 52-week low serves as a critical indicator for shareholders and potential investors, marking the lowest price point for CWCO stock within the last year and setting a new benchmark for the company's market performance. For comprehensive analysis and additional insights, including 8 more exclusive ProTips, visit InvestingPro.
In other recent news, Consolidated Water Co Ltd reported its fourth-quarter 2024 earnings, which fell short of analysts' expectations. The company announced an earnings per share (EPS) of $0.12, significantly below the projected $0.29, and reported revenue of $28.41 million, missing the forecasted $33.6 million. For the full year 2024, Consolidated Water's total revenue was $134 million, a decline from $180 million in 2023, with net income also dropping to $17.9 million from $30.7 million the previous year. Despite these financial challenges, the company increased its cash reserves by $57 million, reaching $99.4 million, and boosted its working capital by $44 million to $132.8 million. The company continues to focus on infrastructure expansion and strategic acquisitions, with the construction phase of its Hawaii project anticipated to impact revenue positively in 2026-2027. Analysts have not provided any recent upgrades or downgrades, but the company's ongoing projects, including expansions in the U.S. and the Caribbean, remain a focal point. Consolidated Water's CEO expressed optimism about future growth, emphasizing the company's strong balance sheet and the potential for further expansion in new markets.
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