WillScot Holdings Corp. (NASDAQ: WSC)’s stock price has decreased by -10.83 compared to its previous closing price of 39.81. However, the company has seen a -13.41% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-01 that WillScot Holdings Corporation (NASDAQ:WSC ) Q2 2024 Earnings Conference Call August 1, 2024 5:30 PM ET Company Participants Nick Girardi – Senior Director of Treasury and IR Brad Soultz – CEO Tim Boswell – President and CFO Conference Call Participants Tim Mulrooney – William Blair Andrew Wittmann – Baird Ronan Kennedy – Barclays Steven Ramsey – TRG Scott Schneeberger – Oppenheimer Faiza Alwy – Deutsche Bank Philip Ng – Jefferies Angel Castillo – Morgan Stanley Sean Wondrack – Deutsche Bank Operator Welcome to the Second Quarter 2024 WillScot Earnings Conference Call. My name is Sherry and I will be your operator for today’s call.
Is It Worth Investing in WillScot Holdings Corp. (NASDAQ: WSC) Right Now?
WillScot Holdings Corp. (NASDAQ: WSC) has a higher price-to-earnings ratio of 37.43x compared to its average ratio. WSC has 36-month beta value of 1.37. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for WSC is 183.49M, and currently, short sellers hold a 8.78% ratio of that float. The average trading volume of WSC on August 05, 2024 was 2.12M shares.
WSC’s Market Performance
WSC stock saw a decrease of -13.41% in the past week, with a monthly decline of -5.36% and a quarterly a decrease of -5.59%. The volatility ratio for the week is 4.18%, and the volatility levels for the last 30 days are 3.77% for WillScot Holdings Corp. (WSC). The simple moving average for the last 20 days is -10.65% for WSC stock, with a simple moving average of -15.12% for the last 200 days.
Analysts’ Opinion of WSC
Many brokerage firms have already submitted their reports for WSC stocks, with Jefferies repeating the rating for WSC by listing it as a “Hold.” The predicted price for WSC in the upcoming period, according to Jefferies is $42 based on the research report published on April 01, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see WSC reach a price target of $45. The rating they have provided for WSC stocks is “Equal-Weight” according to the report published on January 08th, 2024.
Wells Fargo gave a rating of “Overweight” to WSC, setting the target price at $52 in the report published on October 11th of the previous year.
WSC Trading at -9.21% from the 50-Day Moving Average
After a stumble in the market that brought WSC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.94% of loss for the given period.
Volatility was left at 3.77%, however, over the last 30 days, the volatility rate increased by 4.18%, as shares sank -0.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.21% lower at present.
During the last 5 trading sessions, WSC fell by -13.41%, which changed the moving average for the period of 200-days by -16.94% in comparison to the 20-day moving average, which settled at $39.72. In addition, WillScot Holdings Corp. saw -20.22% 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 WSC starting from Soultz Bradley Lee, who purchase 5,000 shares at the price of $38.44 back on May 07 ’24. After this action, Soultz Bradley Lee now owns 157,771 shares of WillScot Holdings Corp., valued at $192,200 using the latest closing price.
SAGANSKY JEFFREY, the Director of WillScot Holdings Corp., sale 75,000 shares at $47.50 during a trade that took place back on Mar 08 ’24, which means that SAGANSKY JEFFREY is holding 2,420,905 shares at $3,562,612 based on the most recent closing price.
Stock Fundamentals for WSC
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.54 for the gross margin
The net margin for WillScot Holdings Corp. stands at 0.08. The total capital return value is set at 0.11. Equity return is now at value 14.18, with 3.18 for asset returns.
Based on WillScot Holdings Corp. (WSC), the company’s capital structure generated 0.74 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 2.85. The interest coverage ratio of the stock is 2.77.
Currently, EBITDA for the company is 1.02 billion with net debt to EBITDA at 4.04. When we switch over and look at the enterprise to sales, we see a ratio of 4.34. The receivables turnover for the company is 5.45for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.91.
Conclusion
To put it simply, WillScot Holdings Corp. (WSC) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
