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The closing price of Weatherford International plc (NASDAQ: WFRD) was $88.28 for the day, down -1.46% from the previous closing price of $89.59. In other words, the price has decreased by -$1.46 from its previous closing price. On the day, 1.01 million shares were traded. WFRD stock price reached its highest trading level at $89.83 during the session, while it also had its lowest trading level at $87.61.
Ratios:
Our analysis of WFRD’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.84. For the most recent quarter (mrq), Quick Ratio is recorded 1.49 and its Current Ratio is at 2.04. In the meantime, Its Debt-to-Equity ratio is 1.35 whereas as Long-Term Debt/Eq ratio is at 1.30.
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 this company, Citigroup on May 14, 2024, initiated with a Buy rating and assigned the stock a target price of $155.
On February 28, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $135.
On November 10, 2023, BofA Securities started tracking the stock assigning a Buy rating and target price of $120.BofA Securities initiated its Buy rating on November 10, 2023, with a $120 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 25 ’24 when Mills Desmond J sold 6,531 shares for $79.86 per share. The transaction valued at 521,566 led to the insider holds 11,680 shares of the business.
Mills Desmond J bought 6,531 shares of WFRD for $521,566 on Oct 25 ’24. On Sep 05 ’24, another insider, Reed David John, who serves as the EVP, Chief Commercial Officer of the company, sold 6,805 shares for $93.96 each. As a result, the insider received 639,390 and left with 0 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, WFRD now has a Market Capitalization of 6511797760 and an Enterprise Value of 7320718336. As of this moment, Weatherford’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.37, and their Forward P/E ratio for the next fiscal year is 11.35. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.83. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.16 while its Price-to-Book (P/B) ratio in mrq is 4.77. Its current Enterprise Value per Revenue stands at 1.323 whereas that against EBITDA is 5.636.
Stock Price History:
Over the past 52 weeks, WFRD has reached a high of $135.00, while it has fallen to a 52-week low of $77.00. The 50-Day Moving Average of the stock is -0.76%, while the 200-Day Moving Average is calculated to be -17.95%.
Shares Statistics:
WFRD traded an average of 985.56K shares per day over the past three months and 1184710 shares per day over the past ten days. A total of 72.00M shares are outstanding, with a floating share count of 71.53M. Insiders hold about 1.54% of the company’s shares, while institutions hold 93.80% stake in the company. Shares short for WFRD as of 1728950400 were 2080871 with a Short Ratio of 2.11, compared to 1726185600 on 1120335. Therefore, it implies a Short% of Shares Outstanding of 2080871 and a Short% of Float of 3.7800000000000002.
Dividends & Splits
With its trailing 12-month dividend rate of 0.25, WFRD has a forward annual dividend rate of 0.50. Against a Trailing Annual Dividend Yield of 0.0027904902
