Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Westlake Corporation (NYSE: WLK) closed the day trading at $110.54 down -1.02% from the previous closing price of $111.68. In other words, the price has decreased by -$1.02 from its previous closing price. On the day, 0.56 million shares were traded. WLK stock price reached its highest trading level at $111.25 during the session, while it also had its lowest trading level at $108.95.
Ratios:
For a better understanding of WLK, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.76. For the most recent quarter (mrq), Quick Ratio is recorded 2.04 and its Current Ratio is at 2.79. In the meantime, Its Debt-to-Equity ratio is 0.52 whereas as Long-Term Debt/Eq ratio is at 0.50.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on December 18, 2024, Upgraded its rating to Buy and sets its target price to $140 from $152 previously.
On October 16, 2024, BofA Securities Upgraded its rating to Neutral which previously was Underperform and also upped its target price recommendation from $151 to $159.
Barclays Upgraded its Equal Weight to Overweight on September 30, 2024, whereas the target price for the stock was revised from $162 to $180.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 29 ’24 when Chao David Tsung-Hung sold 1,750 shares for $129.08 per share. The transaction valued at 225,888 led to the insider holds 7,784 shares of the business.
Chao David Tsung-Hung bought 1,750 shares of WLK for $232,750 on Nov 26 ’24. On Nov 22 ’24, another insider, Chao David Tsung-Hung, who serves as the Director of the company, sold 1,750 shares for $130.00 each. As a result, the insider received 227,500 and left with 9,534 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WLK now has a Market Capitalization of 14227161088 and an Enterprise Value of 17312139264. As of this moment, Westlake’s Price-to-Earnings (P/E) ratio for their current fiscal year is 155.62, and their Forward P/E ratio for the next fiscal year is 14.20. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 34.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.17 while its Price-to-Book (P/B) ratio in mrq is 1.33. Its current Enterprise Value per Revenue stands at 1.428 whereas that against EBITDA is 9.538.
Stock Price History:
Over the past 52 weeks, WLK has reached a high of $162.64, while it has fallen to a 52-week low of $110.76. The 50-Day Moving Average of the stock is -10.75%, while the 200-Day Moving Average is calculated to be -22.09%.
Shares Statistics:
Over the past 3-months, WLK traded about 543.99K shares per day on average, while over the past 10 days, WLK traded about 440270 shares per day. A total of 128.70M shares are outstanding, with a floating share count of 33.53M. Insiders hold about 73.95% of the company’s shares, while institutions hold 26.59% stake in the company. Shares short for WLK as of 1734048000 were 1391876 with a Short Ratio of 2.56, compared to 1731628800 on 1215727. Therefore, it implies a Short% of Shares Outstanding of 1391876 and a Short% of Float of 4.14.
Dividends & Splits
WLK’s forward annual dividend rate is 2.05, up from 2.05 a year ago. Against a Trailing Annual Dividend Yield of 0.018356016The stock’s 5-year Average Dividend Yield is 1.37.
