A share price of Weatherford International plc [WFRD] is currently trading at $125.01, up 5.86%. An important factor to consider is whether the stock is rising or falling in short-term value. The WFRD shares have gain 13.22% over the last week, with a monthly amount glided 4.90%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Weatherford International plc [NASDAQ: WFRD] stock has seen the most recent analyst activity on February 28, 2024, when Barclays initiated its Overweight rating and assigned the stock a price target of $135. Previously, BofA Securities started tracking the stock with Buy rating on November 10, 2023, and set its price target to $120. On June 07, 2023, CapitalOne initiated with a Overweight rating and assigned a price target of $100 on the stock. Raymond James started tracking the stock assigning a Strong Buy rating and suggested a price target of $100 on May 03, 2023. The Benchmark Company initiated its recommendation with a Buy and recommended $88 as its price target on February 17, 2023. In a note dated June 08, 2022, Goldman initiated an Buy rating and provided a target price of $43 on this stock.
Weatherford International plc experienced fluctuations in its stock price throughout the past year between $55.81 and $127.45. Currently, Wall Street analysts expect the stock to reach $180 within the next 12 months. Weatherford International plc [NASDAQ: WFRD] shares were valued at $125.01 at the most recent close of the market. An investor can expect a potential return of 43.99% based on the average WFRD price forecast.
Analyzing the WFRD fundamentals
Trailing Twelve Months sales for Weatherford International plc [NASDAQ:WFRD] were 5.31B which represents 14.50% growth. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.68 and Total Capital is 0.23. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.59.
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 120.85 points at the first support level, and at 116.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 127.69, and for the 2nd resistance point, it is at 130.37.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Weatherford International plc [NASDAQ:WFRD] is 1.79. On the other hand, the Quick Ratio is 1.37, and the Cash Ratio is 0.46. Considering the valuation of this stock, the price to sales ratio is 1.70, the price to book ratio is 9.74 and price to earnings (TTM) ratio is 20.24.
Transactions by insiders
Recent insider trading involved Saligram Girish, President and CEO, that happened on Feb 21 ’24 when 60000.0 shares were sold. EVP, Global Product Lines, Sandhu Depinder completed a deal on Feb 15 ’24 to sell 4717.0 shares. Meanwhile, Director Mutschler Jacqueline C sold 3000.0 shares on Feb 15 ’24.
