Wabash National Corp. [WNC] stock prices are up 0.37% to $21.49 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The WNC shares have gain 5.29% over the last week, with a monthly amount drifted -0.14%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Wabash National Corp. [NYSE: WNC] stock has seen the most recent analyst activity on September 27, 2023, when DA Davidson downgraded its rating to a Neutral and also revised its price target to $25 from $36. Previously, Raymond James downgraded its rating to Mkt Perform on July 05, 2023. On December 05, 2022, downgrade downgraded it’s rating to Hold but maintained its price target of $27 on the stock. DA Davidson started tracking the stock assigning a Buy rating and suggested a price target of $25 on December 17, 2021. Vertical Research initiated its recommendation with a Buy and recommended $25 as its price target on March 26, 2021. Raymond James started tracking with a Strong Buy rating for this stock on November 21, 2019, and assigned it a price target of $19. In a note dated July 31, 2019, Craig Hallum downgraded an Hold rating on this stock.
The stock price of Wabash National Corp. [WNC] has been fluctuating between $20.00 and $30.07 over the past year. Currently, Wall Street analysts expect the stock to reach $25 within the next 12 months. Wabash National Corp. [NYSE: WNC] shares were valued at $21.49 at the most recent close of the market. An investor can expect a potential return of 16.33% based on the average WNC price forecast.
Analyzing the WNC fundamentals
The Wabash National Corp. [NYSE:WNC] reported sales of 2.29B for trailing twelve months, representing a drop of -19.81%. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.28 and Total Capital is 0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.74.
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 21.19 points at the first support level, and at 20.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.89, and for the 2nd resistance point, it is at 22.29.
Ratios To Look Out For
It’s worth pointing out that Wabash National Corp. [NYSE:WNC]’s Current Ratio is 1.99. On the other hand, the Quick Ratio is 1.15, and the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 0.41, the price to book ratio is 1.73 and price to earnings (TTM) ratio is 6.59.
Transactions by insiders
Recent insider trading involved Sudhanshu Priyadarshi, Director, that happened on Feb 27 ’24 when 1010.0 shares were sold. Director, Magee Larry J completed a deal on Feb 08 ’24 to sell 17897.0 shares. Meanwhile, Director Magee Larry J sold 3086.0 shares on Feb 07 ’24.
