Adversity is less terrifying than hope: Wabash National Corp. (WNC)

With 0.99 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.62 million shares. During the session, the Farm & Heavy Construction Machinery company that operates in wider Industrials sector, reached to the highest price of $30.06 whereas the lowest price it dropped to was $29.04. The 52-week range on WNC shows that it touched its highest point at $29.58 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 1.35 billion, WNC has annualized dividend of $0.32 while the current yield stands at 1.07%. Beta for the stock currently stands at 1.57.

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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 up-trending over the past week, with a rise of 5.68%, but this was up by 5.87% over a month. Three-month performance surged to 16.05% while six-month performance rose 42.03%. The stock gained 21.86% in the past year, while it has gained 16.86% 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 43.80 million shares on hand for trading. On Mar 15, 2024, short shares totaled 7.11 million, which was 15.78% higher than short shares on Feb 15, 2024. In addition to WFC as the firm’s Wells Fargo & Company, WDC serves as its Western Digital Corporation.

Institutional Ownership:

Through their ownership of 109.87% of WNC’s outstanding shares, institutional investors have majority control over the company.

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.