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.
The closing price of Wabash National Corp (NYSE: WNC) was $11.00 for the day, up 3.87% from the previous closing price of $10.59. In other words, the price has increased by $3.87 from its previous closing price. On the day, 0.91 million shares were traded.
Ratios:
Our analysis of WNC’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 4.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.36. For the most recent quarter (mrq), Quick Ratio is recorded 1.09 and its Current Ratio is at 1.93. In the meantime, Its Debt-to-Equity ratio is 2.30 whereas as Long-Term Debt/Eq ratio is at 2.23.
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, DA Davidson on September 09, 2024, Reiterated its Neutral rating but revised its target price to $18 from $23 previously.
On September 27, 2023, DA Davidson Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $36 to $25.
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 Dec 31 ’24 when Pettit Michael N sold 1,500 shares for $17.19 per share. The transaction valued at 25,785 led to the insider holds 117,227 shares of the business.
Pettit Michael N bought 1,500 shares of WNC for $25,785 on Dec 31 ’24.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.24 while its Price-to-Book (P/B) ratio in mrq is 2.50.
Stock Price History:
Over the past 52 weeks, WNC has reached a high of $30.07, while it has fallen to a 52-week low of $10.34. The 50-Day Moving Average of the stock is -25.57%, while the 200-Day Moving Average is calculated to be -40.89%.
Shares Statistics:
A total of 42.88M shares are outstanding, with a floating share count of 40.76M. Insiders hold about 3.98% of the company’s shares, while institutions hold 105.42% stake in the company.
