WESCO International Inc. (NYSE: WCC)’s stock price has decreased by -6.87 compared to its previous closing price of 155.26. but the company has seen a -16.06% decline in its stock price over the last five trading sessions. Barron’s reported on 06/01/22 that This Small-Cap Stock Has Been a Winner This Year. We Say Let It Ride.
Is It Worth Investing in WESCO International Inc. (NYSE: WCC) Right Now?
WESCO International Inc. (NYSE: WCC) has a higher price-to-earnings ratio of 9.42x compared to its average ratio, and the 36-month beta value for WCC is at 1.98. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
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The average price suggested by analysts for WCC is $198.50, which is $55.4 above the current market price. The public float for WCC is 37.07M, and currently, shorts hold a 3.85% of that float. The average trading volume for WCC on March 16, 2023 was 466.18K shares.
WCC’s Market Performance
WCC’s stock has seen a -16.06% decrease for the week, with a -5.60% drop in the past month and a 16.31% gain in the past quarter. The volatility ratio for the week is 5.15%, and the volatility levels for the past 30 days are at 3.26% for WESCO International Inc. The simple moving average for the last 20 days is -12.86% for WCC stock, with a simple moving average of 10.18% for the last 200 days.
Analysts’ Opinion of WCC
Many brokerage firms have already submitted their reports for WCC stocks, with Jefferies repeating the rating for WCC by listing it as a “Buy.” The predicted price for WCC in the upcoming period, according to Jefferies is $150 based on the research report published on October 17th of the previous year 2022.
Loop Capital, on the other hand, stated in their research note that they expect to see WCC reach a price target of $125. The rating they have provided for WCC stocks is “Buy” according to the report published on August 03rd, 2021.
Wolfe Research gave a rating of “Outperform” to WCC, setting the target price at $92 in the report published on December 08th of the previous year.
WCC Trading at -4.01% from the 50-Day Moving Average
After a stumble in the market that brought WCC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.37% of loss for the given period.
Volatility was left at 3.26%, however, over the last 30 days, the volatility rate increased by 5.15%, as shares sank -12.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.50% upper at present.
During the last 5 trading sessions, WCC fell by -16.06%, which changed the moving average for the period of 200-days by +18.49% in comparison to the 20-day moving average, which settled at $164.89. In addition, WESCO International Inc. saw 15.50% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WCC starting from Schulz David S., who sale 1,867 shares at the price of $167.07 back on Mar 01. After this action, Schulz David S. now owns 100,703 shares of WESCO International Inc., valued at $311,920 using the latest closing price.
Squires Nelson John III, the EVP & GM, EES of WESCO International Inc., sale 613 shares at $171.16 during a trade that took place back on Mar 08, which means that Squires Nelson John III is holding 73,021 shares at $104,921 based on the most recent closing price.
Stock Fundamentals for WCC
Current profitability levels for the company are sitting at:
- +7.03 for the present operating margin
- +20.93 for the gross margin
The net margin for WESCO International Inc. stands at +4.02. Equity return is now at value 19.20, with 5.70 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.18.
Conclusion
In conclusion, WESCO International Inc. (WCC) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
