The stock of Wesco International, Inc. (WCC) has gone up by 4.60% for the week, with a -5.55% drop in the past month and a -6.64% drop in the past quarter. The volatility ratio for the week is 3.15%, and the volatility levels for the past 30 days are 2.74% for WCC. The simple moving average for the last 20 days is 2.54% for WCC stock, with a simple moving average of 3.97% for the last 200 days.
Is It Worth Investing in Wesco International, Inc. (NYSE: WCC) Right Now?
Wesco International, Inc. (NYSE: WCC) has a price-to-earnings ratio that is above its average at 12.15x. The stock has a 36-month beta value of 2.04. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 4 as “overweight,” 11 as “hold,” and 0 as “sell.”
The public float for WCC is 43.57M, and at present, short sellers hold a 2.50% of that float. On May 02, 2024, the average trading volume of WCC was 708.12K shares.
WCC) stock’s latest price update
Wesco International, Inc. (NYSE: WCC) has seen a rise in its stock price by 6.57 in relation to its previous close of 154.40. However, the company has experienced a 4.60% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-02 that Although the revenue and EPS for Wesco International (WCC) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Analysts’ Opinion of WCC
Many brokerage firms have already submitted their reports for WCC stocks, with RBC Capital Mkts repeating the rating for WCC by listing it as a “Sector Perform.” The predicted price for WCC in the upcoming period, according to RBC Capital Mkts is $173 based on the research report published on February 13, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see WCC reach a price target of $180. The rating they have provided for WCC stocks is “Overweight” according to the report published on October 06th, 2023.
Robert W. Baird gave a rating of “Outperform” to WCC, setting the target price at $180 in the report published on May 05th of the previous year.
WCC Trading at 2.94% 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 -15.81% of loss for the given period.
Volatility was left at 2.74%, however, over the last 30 days, the volatility rate increased by 3.15%, as shares sank -4.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.94% upper at present.
During the last 5 trading sessions, WCC rose by +3.25%, which changed the moving average for the period of 200-days by -7.73% in comparison to the 20-day moving average, which settled at $160.07. In addition, Wesco International, Inc. saw -5.37% 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 WCC starting from Schulz David S., who sale 1,867 shares at the price of $167.07 back on Mar 01 ’28. After this action, Schulz David S. now owns 100,703 shares of Wesco International, Inc., valued at $311,920 using the latest closing price.
Cameron James, the EVP & GM, Util & Broadband of Wesco International, Inc., sale 5,352 shares at $156.39 during a trade that took place back on Mar 11 ’24, which means that Cameron James is holding 33,595 shares at $836,999 based on the most recent closing price.
Stock Fundamentals for WCC
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.22 for the gross margin
The net margin for Wesco International, Inc. stands at 0.03. The total capital return value is set at 0.12. Equity return is now at value 16.13, with 5.13 for asset returns.
Based on Wesco International, Inc. (WCC), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 1.18. The interest coverage ratio of the stock is 3.61.
Currently, EBITDA for the company is 1.56 billion with net debt to EBITDA at 3.47. When we switch over and look at the enterprise to sales, we see a ratio of 0.62. The receivables turnover for the company is 5.5for trailing twelve months and the total asset turnover is 1.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.48.
Conclusion
To sum up, Wesco International, Inc. (WCC) 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.
