For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
In the latest session, Westlake Corporation (NYSE: WLK) closed at $148.37 down -1.02% from its previous closing price of $149.90. In other words, the price has decreased by -$1.02 from its previous closing price. On the day, 0.54 million shares were traded. WLK stock price reached its highest trading level at $149.22 during the session, while it also had its lowest trading level at $146.62.
Ratios:
For a deeper understanding of Westlake Corporation’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.61. For the most recent quarter (mrq), Quick Ratio is recorded 1.79 and its Current Ratio is at 2.37. In the meantime, Its Debt-to-Equity ratio is 0.55 whereas as Long-Term Debt/Eq ratio is at 0.51.
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, Deutsche Bank on April 18, 2024, Upgraded its rating to Buy and sets its target price to $174 from $138 previously.
On April 08, 2024, Vertical Research Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $154.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 15 ’24 when Buesinger Robert F. sold 3,878 shares for $144.50 per share. The transaction valued at 560,371 led to the insider holds 21,144 shares of the business.
Buesinger Robert F. sold 122 shares of WLK for $17,629 on Mar 13 ’24. The EVP, HIP, IT & Digital now owns 25,022 shares after completing the transaction at $144.50 per share. On Mar 06 ’24, another insider, Bender Mark Steven, who serves as the EVP & CFO of the company, sold 4,804 shares for $141.02 each. As a result, the insider received 677,455 and left with 45,306 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 19067176960 and an Enterprise Value of 21883439104. As of this moment, Westlake’s Price-to-Earnings (P/E) ratio for their current fiscal year is 40.17, and their Forward P/E ratio for the next fiscal year is 15.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.52 while its Price-to-Book (P/B) ratio in mrq is 1.86. Its current Enterprise Value per Revenue stands at 1.744 whereas that against EBITDA is 9.983.
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 $103.28. The 50-Day Moving Average of the stock is 1.08%, while the 200-Day Moving Average is calculated to be 10.54%.
Shares Statistics:
For the past three months, WLK has traded an average of 416.74K shares per day and 443370 over the past ten days. A total of 128.21M shares are outstanding, with a floating share count of 32.98M. Insiders hold about 74.28% of the company’s shares, while institutions hold 28.47% stake in the company. Shares short for WLK as of 1713139200 were 1460085 with a Short Ratio of 3.50, compared to 1710460800 on 1470639. Therefore, it implies a Short% of Shares Outstanding of 1460085 and a Short% of Float of 4.36.
Dividends & Splits
According to the company, the forward annual dividend rate for WLK is 1.86, from 1.714 in the trailing year. Against a Trailing Annual Dividend Yield of 0.01143429The stock’s 5-year Average Dividend Yield is 1.39.
