W.R. Berkley Corp. (NYSE: WRB)’s stock price has plunge by -1.38relation to previous closing price of 57.44. Nevertheless, the company has seen a -2.12% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-09-24 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Is It Worth Investing in W.R. Berkley Corp. (NYSE: WRB) Right Now?
W.R. Berkley Corp. (NYSE: WRB) has a price-to-earnings ratio that is above its average at 14.88x. The stock has a 36-month beta value of 0.62. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 9 as “hold,” and 2 as “sell.”
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The public float for WRB is 298.06M, and at present, short sellers hold a 2.70% of that float. On September 25, 2024, the average trading volume of WRB was 1.71M shares.
WRB’s Market Performance
WRB’s stock has seen a -2.12% decrease for the week, with a -2.27% drop in the past month and a 5.48% gain in the past quarter. The volatility ratio for the week is 1.34%, and the volatility levels for the past 30 days are at 1.72% for W.R. Berkley Corp. The simple moving average for the last 20 days is -2.91% for WRB stock, with a simple moving average of 5.94% for the last 200 days.
Analysts’ Opinion of WRB
Many brokerage firms have already submitted their reports for WRB stocks, with Barclays repeating the rating for WRB by listing it as a “Underweight.” The predicted price for WRB in the upcoming period, according to Barclays is $56 based on the research report published on September 05, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see WRB reach a price target of $103. The rating they have provided for WRB stocks is “Buy” according to the report published on July 01st, 2024.
Goldman gave a rating of “Neutral” to WRB, setting the target price at $83 in the report published on June 13th of the current year.
WRB Trading at 0.32% from the 50-Day Moving Average
After a stumble in the market that brought WRB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.15% of loss for the given period.
Volatility was left at 1.72%, however, over the last 30 days, the volatility rate increased by 1.34%, as shares sank -2.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.87% upper at present.
During the last 5 trading sessions, WRB fell by -2.55%, which changed the moving average for the period of 200-days by +17.91% in comparison to the 20-day moving average, which settled at $58.51. In addition, W.R. Berkley Corp. saw 21.44% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for WRB
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.73 for the gross margin
The net margin for W.R. Berkley Corp. stands at 0.12. The total capital return value is set at 0.05. Equity return is now at value 21.08, with 4.70 for asset returns.
Based on W.R. Berkley Corp. (WRB), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 1.17. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is 6.87.
Currently, EBITDA for the company is 1.75 billion with net debt to EBITDA at 5.66. When we switch over and look at the enterprise to sales, we see a ratio of 1.8. The receivables turnover for the company is 1.78for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.42.
Conclusion
To sum up, W.R. Berkley Corp. (WRB) 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
