While Wabash National Corp has underperformed by -0.18%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WNC fell by -63.16%, with highs and lows ranging from $30.07 to $10.34, whereas the simple moving average fell by -37.41% in the last 200 days.
On September 09, 2024, DA Davidson Reiterated Wabash National Corp (NYSE: WNC) to Neutral. A report published by DA Davidson on September 27, 2023, Downgraded its rating to ‘Neutral’ for WNC. DA Davidson initiated its ‘Buy’ rating for WNC, as published in its report on December 17, 2021. Vertical Research’s report from March 26, 2021 suggests a price prediction of $25 for WNC shares, giving the stock a ‘Buy’ rating. Raymond James also rated the stock as ‘Strong Buy’.
Analysis of Wabash National Corp (WNC)
A return on investment can be expected regardless of WNC’s performance over the next quarter with the dividend set at $0.32 per share. Further, the quarter-over-quarter decrease in sales is -30.08%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Wabash National Corp’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -76.95% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.09, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and WNC is recording an average volume of 1.20M. On a monthly basis, the volatility of the stock is set at 5.82%, whereas on a weekly basis, it is put at 6.92%, with a loss of -1.16% over the past seven days. Furthermore, long-term investors anticipate a median target price of $17.00, showing growth from the present price of $11.03, 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 number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 4.00%. 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 105.29% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
