Woodside Energy Group Ltd ADR (WDS) shares projected to rise by 62.98%

At the time of writing, Woodside Energy Group Ltd ADR [WDS] stock is trading at $17.18, up 2.26%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WDS shares have gain 4.44% over the last week, with a monthly amount drifted -0.81%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Woodside Energy Group Ltd ADR [NYSE: WDS] stock has seen the most recent analyst activity on September 04, 2024, when Citigroup downgraded its rating to a Sell. Previously, Morgan Stanley downgraded its rating to Equal-Weight on August 27, 2024. On August 20, 2024, downgrade downgraded it’s rating to Mkt Perform. Citigroup downgraded its rating to a Sell. Goldman upgraded its rating to a Buy. JP Morgan downgraded its rating to Underweight for this stock on August 02, 2023. In a note dated April 21, 2023, JP Morgan upgraded an Neutral rating on this stock.

For the past year, the stock price of Woodside Energy Group Ltd ADR fluctuated between $15.32 and $23.64. Currently, Wall Street analysts expect the stock to reach $28 within the next 12 months. Woodside Energy Group Ltd ADR [NYSE: WDS] shares were valued at $17.18 at the most recent close of the market. An investor can expect a potential return of 62.98% based on the average WDS price forecast.

Analyzing the WDS fundamentals

According to Woodside Energy Group Ltd ADR [NYSE:WDS], the company’s sales were 12.69B for trailing twelve months, which represents an -19.11% plunge. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.36%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.05 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.17.

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 17.01 points at the first support level, and at 16.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.29, and for the 2nd resistance point, it is at 17.41.

Ratios To Look Out For

It is important to note that Woodside Energy Group Ltd ADR [NYSE:WDS] has a current ratio of 1.24. As well, the Quick Ratio is 1.09, while the Cash Ratio is 0.41. Considering the valuation of this stock, the price to sales ratio is 2.57, the price to book ratio is 0.93 and price to earnings (TTM) ratio is 17.70.

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