Weatherford International plc (NASDAQ:WFRD) went down by -4.97% from its latest closing price compared to the recent 1-year high of $40.16. The company’s stock price has collected -12.89% of loss in the last five trading sessions.
Is It Worth Investing in Weatherford International plc (NASDAQ :WFRD) Right Now?
Opinions of the stock are interesting as 4 analysts out of 5 who provided ratings for Weatherford International plc declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $52.50, which is $25.94 above the current price. WFRD currently public float of 65.43M and currently shorts hold a 1.48% ratio of that float. Today, the average trading volume of WFRD was 667.10K shares.
WFRD’s Market Performance
WFRD stocks went down by -12.89% for the week, with a monthly drop of -10.84% and a quarterly performance of -18.53%, while its annual performance rate touched 41.65%. The volatility ratio for the week stands at 7.05% while the volatility levels for the past 30 days are set at 6.40% for Weatherford International plc. The simple moving average for the period of the last 20 days is -17.93% for WFRD stocks with a simple moving average of -8.91% for the last 200 days.
Analysts’ Opinion of WFRD
Many brokerage firms have already submitted their reports for WFRD stocks, with Goldman repeating the rating for WFRD by listing it as a “Buy.” The predicted price for WFRD in the upcoming period, according to Goldman is $43 based on the research report published on June 08th of the current year 2022.
Deutsche Bank, on the other hand, stated in their research note that they expect to see WFRD reach a price target of $49. The rating they have provided for WFRD stocks is “Buy” according to the report published on June 08th, 2022.
The Benchmark Company gave a rating of “Buy” to WFRD, setting the target price at $46 in the report published on November 19th of the previous year.
WFRD Trading at -19.54% from the 50-Day Moving Average
After a stumble in the market that brought WFRD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -33.86% of loss for the given period.
Volatility was left at 6.40%, however, over the last 30 days, the volatility rate increased by 7.05%, as shares sank -10.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.13% lower at present.
During the last 5 trading sessions, WFRD fell by -12.89%, which changed the moving average for the period of 200-days by +70.91% in comparison to the 20-day moving average, which settled at $32.20. In addition, Weatherford International plc saw -4.18% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for WFRD
Current profitability levels for the company are sitting at:
- +2.91 for the present operating margin
- +25.49 for the gross margin
The net margin for Weatherford International plc stands at -12.35. Equity return is now at value -74.80, with -8.40 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.19.