It is Poised to be a Bull Market for Wabash National Corp. (WNC)

With 0.61 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.92 shares. During the session, the Farm & Heavy Construction Machinery company that operates in wider Industrials sector, reached to the highest price of $25.48 whereas the lowest price it dropped to was $24.80. The 52-week range on WNC shows that it touched its highest point at $28.94 and its lowest point at $20.09 during that stretch. It currently has a 1-year price target of $27.67. With its current market cap of 1.17 billion, WNC has annualized dividend of $0.32 (1.26%) while the current yield stands at 0.32 (1.26%). Beta for the stock currently stands at 1.55.

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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 WNC was down-trending over the past week, with a drop of -9.54%, but this was up by 5.46% over a month. Three-month performance surged to 21.45% while six-month performance rose 4.33%. The stock lost -9.90% in the past year, while it has lost -1.21% so far this year. A look at the trailing 12-month EPS for WNC yields 4.81 with Next year EPS estimates of 2.62. For the next quarter, that number is 0.47. This implies an EPS growth rate of -53.89% for this year and 18.34% for next year. EPS is expected to grow by 15.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 32.29%.

Float and Shares Shorts:

At present, 45.39 million WNC shares are outstanding with a float of 45.02 million shares on hand for trading. On Jan 31, 2024, short shares totaled 7.38 million, which was 16.26% higher than short shares on Dec 29, 2023. In addition to Mr. Brent L. Yeagy as the firm’s President, CEO & Director, Mr. Michael N. Pettit serves as its Senior VP & CFO.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WNC 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 WNC analysts setting a high price target of $30.00 and a low target of $25.00, the average target price over the next 12 months is $27.67. Based on these targets, WNC could surge 18.53% to reach the target high and fall by -1.22% to reach the target low. Reaching the average price target will result in a growth of 9.32% from current levels.

Summary of Insider Activity:

Insiders traded WNC stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 22 while that of sell transactions has risen to 17 over the past year. The total number of shares bought during that period was 459,497 while 555,535 shares were sold.