WillScot Mobile Mini Holdings Corp. (NASDAQ: WSC) stock jumped 1.83% on Thursday to $42.74 against a previous-day closing price of $41.97. With 1.45 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.82 million shares. During the session, the Rental & Leasing Services company that operates in wider Industrials sector, reached to the highest price of $42.81 whereas the lowest price it dropped to was $42.01. The 52-week range on WSC shows that it touched its highest point at $53.46 and its lowest point at $37.81 during that stretch. It currently has a 1-year price target of $58.00. Beta for the stock currently stands at 1.54.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WSC was up-trending over the past week, with a rise of 3.29%, but this was up by 1.74% over a month. Three-month performance dropped to -9.24% while six-month performance fell -8.13%. The stock gained 1.06% in the past year, while it has lost -5.38% so far this year. A look at the trailing 12-month EPS for WSC yields 1.54 with Next year EPS estimates of 2.30. For the next quarter, that number is 0.45. This implies an EPS growth rate of 135.60% for this year and 28.92% for next year.
Float and Shares Shorts:
At present, 200.95 million WSC shares are outstanding with a float of 191.33 million shares on hand for trading. On Aug 14, 2023, short shares totaled 9.19 million, which was 4.66% higher than short shares on Jul 13, 2023.
Through their ownership of 98.18% of WSC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 53.47% of WSC, in contrast to 43.37% held by mutual funds. Shares owned by individuals account for 2.63%. As the largest shareholder in WSC with 9.29% of the stake, The Vanguard Group, Inc. holds 18,790,167 shares worth 18,790,167. A second-largest stockholder of WSC, Fidelity Management & Research Co, holds 14,653,523 shares, controlling over 7.24% of the firm’s shares. T. Rowe Price Associates, Inc. is the third largest shareholder in WSC, holding 10,267,765 shares or 5.08% stake. With a 3.41% stake in WSC, the T Rowe Price New Horizons Fund is the largest stakeholder. A total of 6,894,761 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.12% of WSC stock, is the second-largest Mutual Fund holder. It holds 6,309,019 shares valued at 302.52 million. Vanguard Small Cap Index Fund holds 2.59% of the stake in WSC, owning 5,247,368 shares worth 251.61 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, WSC reported revenue of $581.64M and operating income of $131.44M. The EBITDA in the recently reported quarter was $150.49M and diluted EPS was $0.32.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WSC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With WSC analysts setting a high price target of $67.00 and a low target of $53.00, the average target price over the next 12 months is $58.70. Based on these targets, WSC could surge 56.76% to reach the target high and rise by 24.01% to reach the target low. Reaching the average price target will result in a growth of 37.34% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded WSC stock several times over the past three months with 10 Buys and 10 Sells. In these transactions, 200,918 shares were bought while 91,598 shares were sold. The number of buy transactions has increased to 42 while that of sell transactions has risen to 40 over the past year. The total number of shares bought during that period was 532,113 while 511,742 shares were sold.