Weatherford International plc [WFRD] stock is trading at $107.51, down -0.74%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The WFRD shares have gain 6.96% over the last week, with a monthly amount drifted -15.82%, and not 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 May 14, 2024, when Citigroup initiated its Buy rating and assigned the stock a price target of $155. Previously, Barclays started tracking the stock with Overweight rating on February 28, 2024, and set its price target to $135. On November 10, 2023, BofA Securities initiated with a Buy rating and assigned a price target of $120 on the stock. CapitalOne started tracking the stock assigning a Overweight rating and suggested a price target of $100 on June 07, 2023. Raymond James initiated its recommendation with a Strong Buy and recommended $100 as its price target on May 03, 2023. The Benchmark Company started tracking with a Buy rating for this stock on February 17, 2023, and assigned it a price target of $88.
Weatherford International plc [WFRD] stock has fluctuated between $81.91 and $135.00 over the past year. Currently, Wall Street analysts expect the stock to reach $164 within the next 12 months. Weatherford International plc [NASDAQ: WFRD] shares were valued at $107.51 at the most recent close of the market. An investor can expect a potential return of 52.54% based on the average WFRD price forecast.
Analyzing the WFRD fundamentals
Weatherford International plc [NASDAQ:WFRD] reported sales of 5.44B for the trailing twelve months, which represents a growth of 10.28%. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.5 and Total Capital is 0.27. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.35.
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 106.44 points at the first support level, and at 105.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 109.44, and for the 2nd resistance point, it is at 111.36.
Ratios To Look Out For
For context, Weatherford International plc’s Current Ratio is 1.99. Also, the Quick Ratio is 1.47, while the Cash Ratio stands at 0.54. Considering the valuation of this stock, the price to sales ratio is 1.45, the price to book ratio is 6.41 and price to earnings (TTM) ratio is 16.01.
Transactions by insiders
Recent insider trading involved SLEDGE CHARLES M, Director, that happened on Apr 25 ’24 when 10000.0 shares were sold. President and CEO, Saligram Girish completed a deal on Feb 21 ’24 to sell 60000.0 shares. Meanwhile, EVP, Global Product Lines Sandhu Depinder sold 4717.0 shares on Feb 15 ’24.
