Westinghouse Air Brake Technologies Corp (WAB) Stock: Understanding the Volatility

The stock of Westinghouse Air Brake Technologies Corp (WAB) has seen a 2.98% increase in the past week, with a 4.31% gain in the past month, and a 17.72% flourish in the past quarter. The volatility ratio for the week is 1.32%, and the volatility levels for the past 30 days are at 1.31% for WAB. The simple moving average for the past 20 days is 3.69% for WAB’s stock, with a 24.38% simple moving average for the past 200 days.

Is It Worth Investing in Westinghouse Air Brake Technologies Corp (NYSE: WAB) Right Now?

Westinghouse Air Brake Technologies Corp (NYSE: WAB) has a higher price-to-earnings ratio of 32.63x compared to its average ratio, The 36-month beta value for WAB is at 1.41. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 4 rating it as “overweight,” 7 as “hold,” and 0 as “sell.”

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The public float for WAB is 175.15M, and currently, shorts hold a 1.27% of that float. The average trading volume for WAB on April 04, 2024 was 1.02M shares.

WAB) stock’s latest price update

The stock of Westinghouse Air Brake Technologies Corp (NYSE: WAB) has increased by 1.56 when compared to last closing price of 145.93. Despite this, the company has experienced a 2.98% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-03 that While consistent shareholder-friendly moves raise optimism about the Wabtec (WAB) stock, high costs are likely to weigh on its bottom line.

Analysts’ Opinion of WAB

Many brokerage firms have already submitted their reports for WAB stocks, with TD Cowen repeating the rating for WAB by listing it as a “Market Perform.” The predicted price for WAB in the upcoming period, according to TD Cowen is $130 based on the research report published on February 15, 2024 of the current year 2024.

Redburn Atlantic, on the other hand, stated in their research note that they expect to see WAB reach a price target of $135. The rating they have provided for WAB stocks is “Neutral” according to the report published on February 15th, 2024.

BofA Securities gave a rating of “Buy” to WAB, setting the target price at $150 in the report published on January 16th of the current year.

WAB Trading at 7.22% from the 50-Day Moving Average

After a stumble in the market that brought WAB to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 1.21% of gains for the given period.

Volatility was left at 1.31%, however, over the last 30 days, the volatility rate increased by 1.32%, as shares surge +4.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.26% upper at present.

During the last 5 trading sessions, WAB rose by +2.98%, which changed the moving average for the period of 200-days by +44.95% in comparison to the 20-day moving average, which settled at $143.27. In addition, Westinghouse Air Brake Technologies Corp saw 16.78% 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 WAB starting from Theophilus Nicole B, who sale 2,668 shares at the price of $140.46 back on Mar 15 ’24. After this action, Theophilus Nicole B now owns 24,792 shares of Westinghouse Air Brake Technologies Corp, valued at $374,748 using the latest closing price.

Santana Rafael, the President and CEO of Westinghouse Air Brake Technologies Corp, sale 40,219 shares at $140.62 during a trade that took place back on Mar 14 ’24, which means that Santana Rafael is holding 123,019 shares at $5,655,443 based on the most recent closing price.

Stock Fundamentals for WAB

Current profitability levels for the company are sitting at:

  • 0.13 for the present operating margin
  • 0.3 for the gross margin

The net margin for Westinghouse Air Brake Technologies Corp stands at 0.08. The total capital return value is set at 0.09. Equity return is now at value 7.92, with 4.35 for asset returns.

Based on Westinghouse Air Brake Technologies Corp (WAB), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 0.39. The interest coverage ratio of the stock is 5.92.

Currently, EBITDA for the company is 1.85 billion with net debt to EBITDA at 2.23. When we switch over and look at the enterprise to sales, we see a ratio of 3.1. The receivables turnover for the company is 5.75for trailing twelve months and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.20.

Conclusion

In conclusion, Westinghouse Air Brake Technologies Corp (WAB) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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