The stock of Wabash National Corp. (WNC) has seen a -4.36% decrease in the past week, with a -4.41% drop in the past month, and a -11.06% decrease in the past quarter. The volatility ratio for the week is 2.09%, and the volatility levels for the past 30 days are at 2.71% for WNC. The simple moving average for the last 20 days is -4.47% for WNC stock, with a simple moving average of -22.51% for the last 200 days.
Is It Worth Investing in Wabash National Corp. (NYSE: WNC) Right Now?
Wabash National Corp. (NYSE: WNC) has a higher price-to-earnings ratio of 5.64x compared to its average ratio, The 36-month beta value for WNC is at 1.51. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for WNC is 42.67M, and currently, shorts hold a 18.28% of that float. The average trading volume for WNC on September 06, 2024 was 620.43K shares.
WNC) stock’s latest price update
Wabash National Corp. (NYSE: WNC)’s stock price has decreased by -2.49 compared to its previous closing price of 18.89. However, the company has seen a -4.36% decrease in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-06 that LAFAYETTE, Ind., Sept. 06, 2024 (GLOBE NEWSWIRE) — Wabash (NYSE: WNC) today announced it is evaluating all available legal options in response to the verdict by a St. Louis jury in Williams et al. v. Wabash. The case concerns a 2019 motor vehicle accident in which a passenger vehicle traveling at a high speed struck the back of a nearly stopped 2004 Wabash trailer.
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 -10.30% 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 -38.74% of loss for the given period.
Volatility was left at 2.71%, however, over the last 30 days, the volatility rate increased by 2.09%, as shares sank -6.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.62% lower at present.
During the last 5 trading sessions, WNC fell by -5.14%, which changed the moving average for the period of 200-days by -15.14% in comparison to the 20-day moving average, which settled at $19.22. In addition, Wabash National Corp. saw -28.10% 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 Boss John G., who purchase 151 shares at the price of $25.72 back on Jan 25 ’24. After this action, Boss John G. now owns 105,674 shares of Wabash National Corp., valued at $3,881 using the latest closing price.
Boss John G., the Director of Wabash National Corp., purchase 188 shares at $20.52 during a trade that took place back on Oct 26 ’23, which means that Boss John G. is holding 105,523 shares at $3,866 based on the most recent closing price.
Stock Fundamentals for WNC
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.17 for the gross margin
The net margin for Wabash National Corp. stands at 0.07. The total capital return value is set at 0.21. Equity return is now at value 29.64, with 11.22 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 0.41. The debt to equity ratio resting at 0.74. The interest coverage ratio of the stock is 10.73.
Currently, EBITDA for the company is 357.5 million with net debt to EBITDA at 1.33. When we switch over and look at the enterprise to sales, we see a ratio of 0.5. The receivables turnover for the company is 9.14for trailing twelve months and the total asset turnover is 1.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.99.
Conclusion
In conclusion, Wabash National Corp. (WNC) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
