Detailed Review Of Prospects For WillScot Mobile Mini Holdings Corp Stock

WillScot Mobile Mini Holdings Corp [WSC] stock prices are up 0.67% to $46.85 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The WSC shares have gain 1.56% over the last week, with a monthly amount drifted -6.77%, and not seem to be holding up well over a long-time horizon.

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On 20, February 2024, WillScot Mobile Mini Reports Fourth Quarter 2023 and Full Year 2023 Results. In a post published today on Yahoo Finance, Record Financial Performance in 2023 with Strong Growth and Execution Continuing in 2024.

From an analyst’s perspective:

WillScot Mobile Mini Holdings Corp [NASDAQ: WSC] stock has seen the most recent analyst activity on January 08, 2024, when Morgan Stanley initiated its Equal-Weight rating and assigned the stock a price target of $45. Previously, Wells Fargo started tracking the stock with Overweight rating on October 11, 2023, and set its price target to $52. On February 08, 2023, William Blair initiated with a Outperform rating. Deutsche Bank started tracking the stock assigning a Buy rating and suggested a price target of $49 on March 30, 2022. Barclays upgraded its rating to a Overweight and raised its price target to $50 on March 02, 2022. Robert W. Baird upgraded its rating to Outperform for this stock on March 03, 2021, and upped its price target to $33.

The stock price of WillScot Mobile Mini Holdings Corp [WSC] has been fluctuating between $34.40 and $52.16 over the past year. Currently, Wall Street analysts expect the stock to reach $53 within the next 12 months. WillScot Mobile Mini Holdings Corp [NASDAQ: WSC] shares were valued at $46.85 at the most recent close of the market. An investor can expect a potential return of 13.13% based on the average WSC price forecast.

Analyzing the WSC fundamentals

The WillScot Mobile Mini Holdings Corp [NASDAQ:WSC] reported sales of 2.36B for trailing twelve months, representing a surge of 3.70%. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.25 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.01.

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 45.71 points at the first support level, and at 44.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.54, and for the 2nd resistance point, it is at 48.24.

WillScot Mobile Mini Holdings Corp [WSC] reported earnings per share of $0.44 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.52/share, meaning a difference of -$0.08 and a surprise factor of -15.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.46 per share as compared to estimates of $0.45 per share, a difference of $0.01 representing a surprise of 2.20%.

Ratios To Look Out For

It’s worth pointing out that WillScot Mobile Mini Holdings Corp [NASDAQ:WSC]’s Current Ratio is 1.01. On the other hand, the Quick Ratio is 0.93, and the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 3.76, the price to book ratio is 7.06 and price to earnings (TTM) ratio is 31.25.

Transactions by insiders

Recent insider trading involved SAGANSKY JEFFREY, Director, that happened on Mar 08 ’24 when 75000.0 shares were sold. Chief Executive Officer, Soultz Bradley Lee completed a deal on Mar 04 ’24 to buy 5000.0 shares. Meanwhile, Chief Executive Officer Soultz Bradley Lee bought 5000.0 shares on Nov 08 ’23.

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