Drilling Down Into the Volatility in Wabash National Corporation (WNC)

On Wednesday, shares of Wabash National Corporation (NYSE:WNC) marked $13.16 per share versus a previous $13.60 closing price. With having a -3.24% loss, an insight into the fundamental values of Wabash National Corporation, investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. WNC showed a fall of -10.42% within its YTD performance, with highs and lows between $13.01 – $16.70 during the period of 52 weeks, compared to the simple moving average of -10.91% in the period of the last 200 days.

Raymond James equity researchers changed the status of Wabash National Corporation (NYSE: WNC) shares to a “Strong Buy” rating in the report published on November 21st, 2019. Other analysts, including Craig Hallum, also published their reports on WNC shares. Craig Hallum repeated the rating from the previous report, marking WNC under “Hold” rating, in the report published on July 31st, 2019. Additionally, WNC shares got another “Hold” rating from Stifel, setting a target price of $26 on the company’s shares, according to the report published in February 1st, 2018. On the other hand, Piper Jaffray Downgrade the “Neutral” rating for WNC shares, as published in the report on February 2nd, 2017. Stifel seems to be going bullish on the price of WNC shares, based on the price prediction for WNC, indicating that the shares will jump from $11 to $17, giving the shares “Hold” rating based on their report from January 26th, 2017. Another “Buy” rating came from Aegis Capital, providing a prediction for $17 price target according to the report published in December 9th, 2016.

Wabash National Corporation (WNC) Analysis

The present dividend yield for WNC owners is set at 0.02, marking the return investors will get regardless of the company’s performance in the upcoming period. However, in order for the company to be able to pay its dividends, just like it is the case with Wabash National Corporation, the company needs to provide a healthy cash flow, currently at the value of 9.24. In addition, the growth of sales from quarter to quarter is recording 5.00%, hinting the company’s progress in the upcoming progress.

In order to gain a clear insight on the performance of Wabash National Corporation (WNC) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of 16.80% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 1.10 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.

Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while WNC is currently recording an average of 399.47K in volumes. The volatility of the stock on monthly basis is set at 2.73%, while the weekly volatility levels are marked at 3.14%with -8.23% of loss in the last seven days. Additionally, long-term investors are predicting the target price of $17.00, indicating growth from the present price of $13.16, which can represent yet another valuable research and analysis points that can help you decide whether to invest in WNC or pass.

What to Look for When Analyzing Wabash National Corporation Shares?

Wabash National Corporation (WNC) is based in the USA and it represents one of the well-known company operating with Consumer Goods sector. If you wish to compare WNC shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of 8.87 for Wabash National Corporation, while the value 9.36 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value 1.48 is supported by the yearly ESP growth of -19.40%.

Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 2.67%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.

Are Institutional Investors Increasing Stakes in WNC Shares?

It appears that more than several institutional investors and hedge funds decided to increase stakes in WNC in the recent period. That is how BlackRock Fund Advisors now has an increase position in WNC by 2.89% in the first quarter, owning 8.04 million shares of WNC stocks, with the value of $118.17 million after the purchase of an additional 225,682 shares during the last quarter. In the meanwhile, The Vanguard Group, Inc. also increased their stake in WNC shares changed 1.31% in the first quarter, which means that the company now owns 6.69 million shares of company, all valued at $98.2 million after the acquisition of additional 86,119 shares during the last quarter.

JPMorgan Investment Management, I acquired a new position in Wabash National Corporation during the first quarter, with the value of $48.09 million, and Renaissance Technologies LLC increased their stake in the company’s shares by 52.37% in the first quarter, now owning 555,200 shares valued at $23.73 million after the acquisition of the additional 1.62 million shares during the last quarter. In the end, QMA LLC increased their position by 24.70% during the first quarter, now owning 1.24 million WNC shares, now holding the value of $18.17 million in WNC with the purchase of the additional 272,385 shares during the period of the last quarter.