Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Weatherford International plc (NASDAQ: WFRD) was $110.41 for the day, down -2.90% from the previous closing price of $113.71. In other words, the price has decreased by -$2.90 from its previous closing price. On the day, 0.78 million shares were traded. WFRD stock price reached its highest trading level at $114.92 during the session, while it also had its lowest trading level at $110.3.
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 7.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.82. For the most recent quarter (mrq), Quick Ratio is recorded 1.37 and its Current Ratio is at 1.79. In the meantime, Its Debt-to-Equity ratio is 2.23 whereas as Long-Term Debt/Eq ratio is at 2.00.
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, Barclays on February 28, 2024, initiated with a Overweight rating and assigned the stock a target price of $135.
On November 10, 2023, BofA Securities started tracking the stock assigning a Buy rating and target price of $120.
On June 07, 2023, CapitalOne started tracking the stock assigning a Overweight rating and target price of $100.CapitalOne initiated its Overweight rating on June 07, 2023, with a $100 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 Feb 21 ’24 when Saligram Girish sold 60,000 shares for $103.57 per share. The transaction valued at 6,214,136 led to the insider holds 146,895 shares of the business.
Sandhu Depinder sold 4,717 shares of WFRD for $476,209 on Feb 15 ’24. The EVP, Global Product Lines now owns 2,536 shares after completing the transaction at $100.96 per share. On Feb 15 ’24, another insider, Mutschler Jacqueline C, who serves as the Director of the company, sold 3,000 shares for $99.45 each. As a result, the insider received 298,350 and left with 28,801 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 7984763392 and an Enterprise Value of 9084456960. As of this moment, Weatherford’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.54, and their Forward P/E ratio for the next fiscal year is 12.89. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.55 while its Price-to-Book (P/B) ratio in mrq is 8.60. Its current Enterprise Value per Revenue stands at 1.769 whereas that against EBITDA is 7.92.
Stock Price History:
Over the past 52 weeks, WFRD has reached a high of $127.45, while it has fallen to a 52-week low of $55.81. The 50-Day Moving Average of the stock is 0.57%, while the 200-Day Moving Average is calculated to be 16.93%.
Shares Statistics:
WFRD traded an average of 822.38K shares per day over the past three months and 669710 shares per day over the past ten days. A total of 72.00M shares are outstanding, with a floating share count of 70.91M. Insiders hold about 1.96% of the company’s shares, while institutions hold 98.26% stake in the company. Shares short for WFRD as of 1711584000 were 2776608 with a Short Ratio of 3.38, compared to 1709164800 on 3112306. Therefore, it implies a Short% of Shares Outstanding of 2776608 and a Short% of Float of 5.07.
Earnings Estimates
The company has Weatherford International plc analysts who recommend its stock at the moment.
Analysts are recommending an EPS of between $Financial and $Basic Materials for the fiscal current year, implying an average EPS of $Industrials.
