Walmart Inc (NYSE: WMT) has a price-to-earnings ratio of 29.18x that is above its average ratio. Additionally, the 36-month beta value for WMT is 0.50. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 8 rating it as “overweight,” 15 rating it as “hold,” and 1 rating it as “sell.”
The public float for WMT is 4.34B and currently, short sellers hold a 0.92% ratio of that float. The average trading volume of WMT on June 21, 2024 was 15.52M shares.
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WMT) stock’s latest price update
Walmart Inc (NYSE: WMT)’s stock price has increased by 0.45 compared to its previous closing price of 68.01. However, the company has seen a 2.42% increase in its stock price over the last five trading sessions. reuters.com reported 2024-06-21 that Walmart settled its lawsuit against Capital One over their credit card partnership, which had made Capital One the exclusive issuer of Walmart-branded consumer credit cards before ending last month.
WMT’s Market Performance
Walmart Inc (WMT) has experienced a 2.42% rise in stock performance for the past week, with a 4.86% rise in the past month, and a 11.17% rise in the past quarter. The volatility ratio for the week is 1.22%, and the volatility levels for the past 30 days are at 1.34% for WMT. The simple moving average for the past 20 days is 3.09% for WMT’s stock, with a 19.69% simple moving average for the past 200 days.
Analysts’ Opinion of WMT
Many brokerage firms have already submitted their reports for WMT stocks, with JP Morgan repeating the rating for WMT by listing it as a “Overweight.” The predicted price for WMT in the upcoming period, according to JP Morgan is $81 based on the research report published on June 10, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see WMT reach a price target of $70, previously predicting the price at $68. The rating they have provided for WMT stocks is “Outperform” according to the report published on May 17th, 2024.
Telsey Advisory Group gave a rating of “Outperform” to WMT, setting the target price at $205 in the report published on February 21st of the current year.
WMT Trading at 8.72% from the 50-Day Moving Average
After a stumble in the market that brought WMT to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.27% of gains for the given period.
Volatility was left at 1.34%, however, over the last 30 days, the volatility rate increased by 1.22%, as shares surge +4.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.57% upper at present.
During the last 5 trading sessions, WMT rose by +2.31%, which changed the moving average for the period of 200-days by +27.73% in comparison to the 20-day moving average, which settled at $66.42. In addition, Walmart Inc saw 30.00% 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 WMT starting from WALTON ALICE L, who sale 1,244,347 shares at the price of $66.63 back on Jun 14 ’24. After this action, WALTON ALICE L now owns 633,518,311 shares of Walmart Inc, valued at $82,910,841 using the latest closing price.
WALTON JIM C, the 10% Owner of Walmart Inc, sale 1,244,347 shares at $66.63 during a trade that took place back on Jun 14 ’24, which means that WALTON JIM C is holding 633,518,311 shares at $82,910,841 based on the most recent closing price.
Stock Fundamentals for WMT
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.24 for the gross margin
The net margin for Walmart Inc stands at 0.03. The total capital return value is set at 0.17. Equity return is now at value 24.65, with 7.59 for asset returns.
Based on Walmart Inc (WMT), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.78. The debt to equity ratio resting at 0.56. The interest coverage ratio of the stock is 10.1.
Currently, EBITDA for the company is 38.87 billion with net debt to EBITDA at 1.4. When we switch over and look at the enterprise to sales, we see a ratio of 0.92. The receivables turnover for the company is 72.43for trailing twelve months and the total asset turnover is 2.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.80.
Conclusion
In conclusion, Walmart Inc (WMT) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as 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.
