While Wabash National Corp. has overperformed by 1.47%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WNC rose by 7.00%, with highs and lows ranging from $28.80 to $20.09, whereas the simple moving average jumped by 18.92% in the last 200 days.
On September 27, 2023, DA Davidson Downgraded Wabash National Corp. (NYSE: WNC) to Neutral. A report published by Raymond James on July 05, 2023, Downgraded its rating to ‘Mkt Perform’ for WNC. Vertical Research also Downgraded WNC shares as ‘Hold’, setting a target price of $27 on the company’s shares in a report dated December 05, 2022. DA Davidson Initiated an Buy rating on December 17, 2021, and assigned a price target of $25. Vertical Research initiated its ‘Buy’ rating for WNC, as published in its report on March 26, 2021. Raymond James’s report from November 21, 2019 suggests a price prediction of $19 for WNC shares, giving the stock a ‘Strong Buy’ rating. Craig Hallum also rated the stock as ‘Hold’.
Analysis of Wabash National Corp. (WNC)
Investors in Wabash National Corp. will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.32 per share. Further, the quarter-over-quarter decrease in sales is -9.33%, showing a negative trend in the upcoming months.
One of the most important indicators of Wabash National Corp.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 48.83% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.17, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and WNC is recording 678.86K average volume. On a monthly basis, the volatility of the stock is set at 4.86%, whereas on a weekly basis, it is put at 3.52%, with a gain of 11.82% over the past seven days. Furthermore, long-term investors anticipate a median target price of $27.67, showing decline from the present price of $28.28, which can serve as yet another indication of whether WNC is worth investing in or should be passed over.
How Do You Analyze Wabash National Corp. Shares?
The Farm & Heavy Construction Machinery market is dominated by Wabash National Corp. (WNC) based in the USA. When comparing Wabash National Corp. shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 5.88, there is a growth in quarterly earnings of 28.29%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.80%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 108.65% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
WNC shares are owned by institutional investors to the tune of 108.65% at present.
