Whirlpool Corp. (WHR) Shares Soar Above 1-Year High

Whirlpool Corp. (NYSE: WHR)’s stock price has gone rise by 0.83 in comparison to its previous close of 114.88, however, the company has experienced a 3.21% increase in its stock price over the last five trading days. Seeking Alpha reported 2024-04-03 that Whirlpool Corporation is a global leader in home appliance manufacturing with a diverse product portfolio. The company has faced macroeconomic challenges and poor financial performance in recent years. The article aims to reassess the previous “hold” rating based on the company’s latest quarterly report, valuation, and return to shareholders.

Is It Worth Investing in Whirlpool Corp. (NYSE: WHR) Right Now?

Whirlpool Corp. (NYSE: WHR) has a price-to-earnings ratio that is above its average at 13.36x. The stock has a 36-month beta value of 1.48. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 0 as “overweight,” 8 as “hold,” and 0 as “sell.”

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The public float for WHR is 52.94M, and at present, short sellers hold a 14.49% of that float. On April 04, 2024, the average trading volume of WHR was 1.37M shares.

WHR’s Market Performance

The stock of Whirlpool Corp. (WHR) has seen a 3.21% increase in the past week, with a 8.71% rise in the past month, and a -5.75% fall in the past quarter. The volatility ratio for the week is 2.61%, and the volatility levels for the past 30 days are at 2.67% for WHR. The simple moving average for the last 20 days is 5.07% for WHR’s stock, with a simple moving average of -6.88% for the last 200 days.

Analysts’ Opinion of WHR

Many brokerage firms have already submitted their reports for WHR stocks, with Loop Capital repeating the rating for WHR by listing it as a “Buy.” The predicted price for WHR in the upcoming period, according to Loop Capital is $140 based on the research report published on February 22, 2024 of the current year 2024.

Goldman gave a rating of “Buy” to WHR, setting the target price at $160 in the report published on April 11th of the previous year.

WHR Trading at 5.17% from the 50-Day Moving Average

After a stumble in the market that brought WHR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.89% of loss for the given period.

Volatility was left at 2.67%, however, over the last 30 days, the volatility rate increased by 2.61%, as shares surge +12.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.38% upper at present.

During the last 5 trading sessions, WHR rose by +3.21%, which changed the moving average for the period of 200-days by -21.88% in comparison to the 20-day moving average, which settled at $110.88. In addition, Whirlpool Corp. saw -4.88% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at WHR starting from Bitzer Marc R, who sale 20,000 shares at the price of $143.18 back on Jul 28 ’23. After this action, Bitzer Marc R now owns 138,583 shares of Whirlpool Corp., valued at $2,863,600 using the latest closing price.

Peters James W, the EXEC VICE PRESIDENT AND CFO of Whirlpool Corp., sale 6,000 shares at $143.12 during a trade that took place back on Jul 28 ’23, which means that Peters James W is holding 40,764 shares at $858,720 based on the most recent closing price.

Stock Fundamentals for WHR

Current profitability levels for the company are sitting at:

  • 0.29 for the present operating margin
  • 0.16 for the gross margin

The net margin for Whirlpool Corp. stands at 0.02. The total capital return value is set at 0.55. Equity return is now at value 20.43, with 2.79 for asset returns.

Based on Whirlpool Corp. (WHR), the company’s capital structure generated 0.77 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 3.32. The interest coverage ratio of the stock is 13.08.

Currently, EBITDA for the company is 1.5 billion with net debt to EBITDA at 4.16. When we switch over and look at the enterprise to sales, we see a ratio of 0.65. The receivables turnover for the company is 12.72for trailing twelve months and the total asset turnover is 1.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.89.

Conclusion

To sum up, Whirlpool Corp. (WHR) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.

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