The stock of Wabash National Corp. (WNC) has gone up by 6.01% for the week, with a 2.21% rise in the past month and a -25.68% drop in the past quarter. The volatility ratio for the week is 2.33%, and the volatility levels for the past 30 days are 2.62% for WNC. The simple moving average for the past 20 days is 5.12% for WNC’s stock, with a -7.24% simple moving average for the past 200 days.
Is It Worth Investing in Wabash National Corp. (NYSE: WNC) Right Now?
The price-to-earnings ratio for Wabash National Corp. (NYSE: WNC) is above average at 5.35x, Company’s 36-month beta value is 1.54.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for WNC is 43.70M, and currently, short sellers hold a 20.92% ratio of that floaft. The average trading volume of WNC on June 28, 2024 was 567.45K shares.
WNC) stock’s latest price update
The stock price of Wabash National Corp. (NYSE: WNC) has surged by 3.68 when compared to previous closing price of 21.46, but the company has seen a 6.01% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-05-21 that LAFAYETTE, Ind., May 21, 2024 (GLOBE NEWSWIRE) — Wabash (NYSE:WNC) today announced that its board of directors declared a regular quarterly dividend of $0.08 per share of the company’s common stock, payable on July 25, 2024, to stockholders of record on July 3, 2024.
Analysts’ Opinion of WNC
Many brokerage firms have already submitted their reports for WNC stocks, with DA Davidson repeating the rating for WNC by listing it as a “Neutral.” The predicted price for WNC in the upcoming period, according to DA Davidson is $25 based on the research report published on September 27, 2023 of the previous year 2023.
Vertical Research gave a rating of “Hold” to WNC, setting the target price at $27 in the report published on December 05th of the previous year.
WNC Trading at -1.27% from the 50-Day Moving Average
After a stumble in the market that brought WNC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.00% of loss for the given period.
Volatility was left at 2.62%, however, over the last 30 days, the volatility rate increased by 2.33%, as shares surge +1.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.90% lower at present.
During the last 5 trading sessions, WNC rose by +6.24%, which changed the moving average for the period of 200-days by +5.14% in comparison to the 20-day moving average, which settled at $21.18. In addition, Wabash National Corp. saw -13.15% 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 WNC starting from Sudhanshu Priyadarshi, who sale 1,010 shares at the price of $27.06 back on Feb 27 ’24. After this action, Sudhanshu Priyadarshi now owns 6,386 shares of Wabash National Corp., valued at $27,331 using the latest closing price.
Magee Larry J, the Director of Wabash National Corp., sale 17,897 shares at $25.80 during a trade that took place back on Feb 08 ’24, which means that Magee Larry J is holding 96,249 shares at $461,743 based on the most recent closing price.
Stock Fundamentals for WNC
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.19 for the gross margin
The net margin for Wabash National Corp. stands at 0.08. The total capital return value is set at 0.27. Equity return is now at value 40.84, with 14.75 for asset returns.
Based on Wabash National Corp. (WNC), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.57. The debt to equity ratio resting at 0.74. The interest coverage ratio of the stock is 13.69.
Currently, EBITDA for the company is 357.5 million with net debt to EBITDA at 0.9. When we switch over and look at the enterprise to sales, we see a ratio of 0.53. The receivables turnover for the company is 9.49for trailing twelve months and the total asset turnover is 1.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.87.
Conclusion
In a nutshell, Wabash National Corp. (WNC) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
