Wabash National Corp. (NYSE: WNC) has experienced a decline in its stock price by -2.11 compared to its previous closing price of 17.06. However, the company has seen a fall of -10.70% in its stock price over the last five trading days. globenewswire.com reported 2024-10-24 that LAFAYETTE, Ind., Oct. 24, 2024 (GLOBE NEWSWIRE) — Wabash (NYSE: WNC), the innovation leader of connected solutions for the transportation, logistics and distribution industries, today reported results for the quarter ended September 30, 2024.
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 5.12x, Company’s 36-month beta value is 1.52.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 42.67M, and currently, short sellers hold a 14.57% ratio of that floaft. The average trading volume of WNC on October 24, 2024 was 557.24K shares.
WNC’s Market Performance
WNC’s stock has seen a -10.70% decrease for the week, with a -10.17% drop in the past month and a -20.78% fall in the past quarter. The volatility ratio for the week is 2.74%, and the volatility levels for the past 30 days are at 2.80% for Wabash National Corp. The simple moving average for the past 20 days is -8.44% for WNC’s stock, with a -26.70% simple moving average for the past 200 days.
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 $18 based on the research report published on September 09, 2024 of the current year 2024.
DA Davidson, on the other hand, stated in their research note that they expect to see WNC reach a price target of $25, previously predicting the price at $36. The rating they have provided for WNC stocks is “Neutral” according to the report published on September 27th, 2023.
WNC Trading at -11.22% 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 -44.46% of loss for the given period.
Volatility was left at 2.80%, however, over the last 30 days, the volatility rate increased by 2.74%, as shares sank -11.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.30% lower at present.
During the last 5 trading sessions, WNC fell by -10.43%, which changed the moving average for the period of 200-days by -31.35% in comparison to the 20-day moving average, which settled at $18.24. In addition, Wabash National Corp. saw -34.82% 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:
- -0.14 for the present operating margin
- 0.15 for the gross margin
The net margin for Wabash National Corp. stands at -0.11. The total capital return value is set at -0.27. 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 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.38. The debt to equity ratio resting at 1.98. The interest coverage ratio of the stock is 29.99.
Currently, EBITDA for the company is 357.5 million with net debt to EBITDA at -1.0. When we switch over and look at the enterprise to sales, we see a ratio of 0.49. The receivables turnover for the company is 8.91for trailing twelve months and the total asset turnover is 1.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.99.
Conclusion
In a nutshell, Wabash National Corp. (WNC) has experienced a bad 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.
