In the past week, WING stock has gone up by 5.86%, with a monthly gain of 6.70% and a quarterly surge of 36.59%. The volatility ratio for the week is 5.23%, and the volatility levels for the last 30 days are 4.39% for Wingstop Inc The simple moving average for the past 20 days is 5.51% for WING’s stock, with a 54.34% simple moving average for the past 200 days.
Is It Worth Investing in Wingstop Inc (NASDAQ: WING) Right Now?
The price-to-earnings ratio for Wingstop Inc (NASDAQ: WING) is above average at 163.24x, Company’s 36-month beta value is 1.67.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 6 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for WING is 28.60M, and currently, short sellers hold a 6.85% ratio of that floaft. The average trading volume of WING on May 02, 2024 was 514.19K shares.
WING) stock’s latest price update
Wingstop Inc (NASDAQ: WING)’s stock price has decreased by -0.21 compared to its previous closing price of 384.79. However, the company has seen a 5.86% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-01 that Wingstop (WING) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.59 per share a year ago.
Analysts’ Opinion of WING
Many brokerage firms have already submitted their reports for WING stocks, with Stephens repeating the rating for WING by listing it as a “Overweight.” The predicted price for WING in the upcoming period, according to Stephens is $425 based on the research report published on April 12, 2024 of the current year 2024.
Bernstein, on the other hand, stated in their research note that they expect to see WING reach a price target of $340. The rating they have provided for WING stocks is “Outperform” according to the report published on February 14th, 2024.
WING Trading at 7.79% from the 50-Day Moving Average
After a stumble in the market that brought WING to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.17% of loss for the given period.
Volatility was left at 4.39%, however, over the last 30 days, the volatility rate increased by 5.23%, as shares surge +3.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.34% upper at present.
During the last 5 trading sessions, WING rose by +5.86%, which changed the moving average for the period of 200-days by +98.37% in comparison to the 20-day moving average, which settled at $364.61. In addition, Wingstop Inc saw 49.65% 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 WING starting from Carona Marisa, who sale 2,586 shares at the price of $371.96 back on Mar 08 ’24. After this action, Carona Marisa now owns 1,646 shares of Wingstop Inc, valued at $961,882 using the latest closing price.
Skipworth Michael, the President and CEO of Wingstop Inc, sale 10,843 shares at $337.40 during a trade that took place back on Feb 23 ’24, which means that Skipworth Michael is holding 17,107 shares at $3,658,438 based on the most recent closing price.
Stock Fundamentals for WING
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.59 for the gross margin
The net margin for Wingstop Inc stands at 0.17. The total capital return value is set at 0.39.
Based on Wingstop Inc (WING), the company’s capital structure generated 2.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at -1.64. The interest coverage ratio of the stock is 7.12.
Currently, EBITDA for the company is 125.87 million with net debt to EBITDA at 4.2. When we switch over and look at the enterprise to sales, we see a ratio of 23.88. The receivables turnover for the company is 36.44for trailing twelve months and the total asset turnover is 1.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.03.
Conclusion
In a nutshell, Wingstop Inc (WING) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
