The stock price of WESCO International Inc. (NYSE: WCC) has jumped by 4.60 compared to previous close of 127.73. Despite this, the company has seen a fall of -1.94% in its stock price over the last five trading days. 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 8.55x compared to its average ratio. compared to its average ratio and a 36-month beta value of 1.96. Analysts have mixed views on the stock, with 9 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for WESCO International Inc. (WCC) is $185.80, which is $52.27 above the current market price. The public float for WCC is 37.09M, and currently, short sellers hold a 4.11% ratio of that float. The average trading volume of WCC on May 26, 2023 was 609.01K shares.
WCC’s Market Performance
WCC’s stock has seen a -1.94% decrease for the week, with a -2.42% drop in the past month and a -18.47% fall in the past quarter. The volatility ratio for the week is 3.22%, and the volatility levels for the past 30 days are at 3.79% for WESCO International Inc. The simple moving average for the past 20 days is 0.01% for WCC’s stock, with a -2.13% simple moving average for the past 200 days.
WCC Trading at -3.70% 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 -23.65% of loss for the given period.
Volatility was left at 3.79%, however, over the last 30 days, the volatility rate increased by 3.22%, as shares sank -6.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.60% lower at present.
During the last 5 trading sessions, WCC fell by -1.94%, which changed the moving average for the period of 200-days by +0.78% in comparison to the 20-day moving average, which settled at $133.14. In addition, WESCO International Inc. saw 6.72% 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. The total capital return value is set at 15.51, while invested capital returns managed to touch 8.96. Equity return is now at value 18.90, with 5.70 for asset returns.
Based on WESCO International Inc. (WCC), the company’s capital structure generated 133.06 points at debt to equity in total, while total debt to capital is 57.09. Total debt to assets is 40.01, with long-term debt to equity ratio resting at 131.48. Finally, the long-term debt to capital ratio is 56.41.
When we switch over and look at the enterprise to sales, we see a ratio of 0.54, with the company’s debt to enterprise value settled at 0.50. The receivables turnover for the company is 5.72 and the total asset turnover is 1.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.18.
Conclusion
To put it simply, WESCO International Inc. (WCC) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as 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.
