At the time of writing, Walmart Inc [WMT] stock is trading at $61.02, down -0.42%. An important factor to consider is whether the stock is rising or falling in short-term value. The WMT shares have gain 1.09% over the last week, with a monthly amount glided 8.23%, and seem to be holding up well over a long-time horizon.
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On 14, March 2024, Walmart and unspun Collaborate on 3D Fabric Weaving Technology, Aiming To Reduce Apparel Manufacturing Waste and Drive US-Based Manufacturing. In a post published today on Yahoo Finance, — Companies announce pilot project to explore first-of-its-kind approach to more quickly and efficiently convert yarn directly into garments –.
From an analyst’s perspective:
Walmart Inc [NYSE: WMT] stock has seen the most recent analyst activity on February 21, 2024, when Telsey Advisory Group reiterated its Outperform rating and also boosted its price target to $205 from $185. Previously, HSBC Securities started tracking the stock with Buy rating on September 22, 2023, and set its price target to $200. On August 18, 2023, RBC Capital Mkts reiterated its Outperform rating and revised its price target to $168 on the stock. Credit Suisse reiterated its Outperform rating and increased its price target to $180 on August 11, 2023. Wells Fargo reiterated its recommendation of a Overweight and raised its price target to $175 on August 09, 2023. Piper Sandler upgraded its rating to Overweight for this stock on July 25, 2023, and upped its price target to $210. In a note dated June 12, 2023, Exane BNP Paribas initiated an Outperform rating and provided a target price of $186 on this stock.
For the past year, the stock price of Walmart Inc fluctuated between $45.57 and $61.56. Currently, Wall Street analysts expect the stock to reach $162.46 within the next 12 months. Walmart Inc [NYSE: WMT] shares were valued at $61.02 at the most recent close of the market. An investor can expect a potential return of 166.24% based on the average WMT price forecast.
Analyzing the WMT fundamentals
According to Walmart Inc [NYSE:WMT], the company’s sales were 648.12B for trailing twelve months, which represents an 5.69% jump. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.2 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.5.
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 60.60 points at the first support level, and at 60.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 61.44, and for the 2nd resistance point, it is at 61.86.
Walmart Inc [WMT] reported earnings per share of $0.6 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.55/share, meaning a difference of $0.05 and a surprise factor of 9.10%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $0.51 per share as compared to estimates of $0.51 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
It is important to note that Walmart Inc [NYSE:WMT] has a current ratio of 0.83. On the other hand, the Quick Ratio is 0.24, and the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 0.76, the price to book ratio is 6.20 and price to earnings (TTM) ratio is 31.92.
Transactions by insiders
Recent insider trading involved WALTON S ROBSON, Director, that happened on Mar 14 ’24 when 0.34 million shares were sold. 10% Owner, WALTON JIM C completed a deal on Mar 14 ’24 to sell 0.34 million shares. Meanwhile, 10% Owner WALTON ALICE L sold 0.34 million shares on Mar 14 ’24.
