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As of close of business last night, Weatherford International plc’s stock clocked out at $87.12, down -7.77% from its previous closing price of $94.46. In other words, the price has decreased by -$7.77 from its previous closing price. On the day, 1.4 million shares were traded. WFRD stock price reached its highest trading level at $93.39 during the session, while it also had its lowest trading level at $86.9.
Ratios:
To gain a deeper understanding of WFRD’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.93 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.66. For the most recent quarter (mrq), Quick Ratio is recorded 1.47 and its Current Ratio is at 1.99. In the meantime, Its Debt-to-Equity ratio is 1.48 whereas as Long-Term Debt/Eq ratio is at 1.43.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 05 ’24 when Reed David John sold 6,805 shares for $93.96 per share. The transaction valued at 639,390 led to the insider holds 0 shares of the business.
Reed David John bought 6,805 shares of WFRD for $639,391 on Sep 05 ’24. On Apr 25 ’24, another insider, SLEDGE CHARLES M, who serves as the Director of the company, sold 10,000 shares for $123.47 each. As a result, the insider received 1,234,663 and left with 32,729 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 6373568512 and an Enterprise Value of 7344566784. As of this moment, Weatherford’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.98, and their Forward P/E ratio for the next fiscal year is 9.98. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.75. 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 5.19. Its current Enterprise Value per Revenue stands at 1.351 whereas that against EBITDA is 5.792.
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 $82.16. The 50-Day Moving Average of the stock is -17.99%, while the 200-Day Moving Average is calculated to be -19.90%.
Shares Statistics:
It appears that WFRD traded 1.03M shares on average per day over the past three months and 1116730 shares per day over the past ten days. A total of 73.16M shares are outstanding, with a floating share count of 72.02M. Insiders hold about 1.55% of the company’s shares, while institutions hold 94.44% stake in the company. Shares short for WFRD as of 1724976000 were 1078975 with a Short Ratio of 1.08, compared to 1722384000 on 1451322. Therefore, it implies a Short% of Shares Outstanding of 1078975 and a Short% of Float of 1.94.
