Could this be the case of a blown-up long-term opportunity? Wabash National Corporation (WNC)

Wabash National Corporation [WNC] stock is trading at $29.36, up 12.15%. An important factor to consider is whether the stock is rising or falling in short-term value. The WNC shares have gain 17.30% over the last week, with a monthly amount glided 26.93%, and seem to be holding up well over a long-time horizon.

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On 2, February 2023, Wabash Announces Fourth Quarter and Full Year 2022 Results. In a post published today on Yahoo Finance, Quarterly revenue of $657.4 million.

From an analyst’s perspective:

Wabash National Corporation [NYSE: WNC] stock has seen the most recent analyst activity on December 05, 2022, when Vertical Research downgraded its rating to a Hold but kept the price target unchanged to $27 for it. Previously, DA Davidson started tracking the stock with Buy rating on December 17, 2021, and set its price target to $25. On March 26, 2021, Vertical Research initiated with a Buy rating and assigned a price target of $25 on the stock. Raymond James started tracking the stock assigning a Strong Buy rating and suggested a price target of $19 on November 21, 2019. Craig Hallum downgraded its rating to a Hold. Stifel reiterated a Hold rating for this stock on February 01, 2018, and upped its price target to $26.

Wabash National Corporation [WNC] stock has fluctuated between $12.23 and $26.58 over the past year. Currently, Wall Street analysts expect the stock to reach $27.00 within the next 12 months. Wabash National Corporation [NYSE: WNC] shares were valued at $29.36 at the most recent close of the market. An investor can expect a potential drop of -8.04% based on the average WNC price forecast.

Analyzing the WNC fundamentals

Wabash National Corporation [NYSE:WNC] reported sales of 655.15 billion for the most recent quarter, which represents a growth of 35.80%. Gross Margin for this corporation currently stands at +6.58% with Operating Margin at +0.34%, Pretax Margin comes in at +0.07%, and Net Margin reading is +0.06%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 27.47 points at the first support level, and at 25.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.37, and for the 2nd resistance point, it is at 31.39.

Wabash National Corporation [WNC] reported earnings per share of $0.73 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.57/share, meaning a difference of $0.16 and a surprise factor of 28.10%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $0.46 per share as compared to estimates of $0.44 per share, a difference of $0.02 representing a surprise of 4.50%.

Ratios To Look Out For

For context, Wabash National Corporation’s Current Ratio is 1.70. On the other hand, the Quick Ratio is 1.01, and the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 0.56, the price to book ratio is 2.94 and the P/E (TTM) ratio is 31.98.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 2 insider purchases totaling 6,564 shares and 2 insider sales totaling 47,762 shares over the past 3 months. Recent insider trading involved Yeagy Brent L, President & CEO, that happened on Jan 03 when 39756.0 shares were sold. President & CEO, Yeagy Brent L completed a deal on Nov 10 to sell 8006.0 shares. Meanwhile, President & CEO Yeagy Brent L sold 7986.0 shares on Nov 01.