At the time of writing, Wabash National Corp [WNC] stock is trading at $11.57, up 5.18%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The WNC shares have lost -0.86% over the last week, with a monthly amount drifted -23.22%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Wabash National Corp [NYSE: WNC] stock has seen the most recent analyst activity on September 09, 2024, when DA Davidson reiterated its Neutral rating and also revised its price target to $18 from $23. Previously, DA Davidson downgraded its rating to Neutral on September 27, 2023, and dropped its price target to $25. On July 05, 2023, downgrade downgraded it’s rating to Mkt Perform. Vertical Research downgraded its rating to a Hold but stick to its price target of $27 on December 05, 2022. DA Davidson initiated its recommendation with a Buy and recommended $25 as its price target on December 17, 2021. Vertical Research started tracking with a Buy rating for this stock on March 26, 2021, and assigned it a price target of $25. In a note dated November 21, 2019, Raymond James initiated an Strong Buy rating and provided a target price of $19 on this stock.
For the past year, the stock price of Wabash National Corp fluctuated between $10.34 and $30.07. Currently, Wall Street analysts expect the stock to reach $18 within the next 12 months. Wabash National Corp [NYSE: WNC] shares were valued at $11.57 at the most recent close of the market. An investor can expect a potential return of 55.57% based on the average WNC price forecast.
Analyzing the WNC fundamentals
According to Wabash National Corp [NYSE:WNC], the company’s sales were 1.95B for trailing twelve months, which represents an -30.08% plunge. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at -0.18%, Pretax Profit Margin comes in at -0.19%, and Net Profit Margin reading is -0.15%. To continue investigating profitability, this company’s Return on Assets is posted at -0.2, Equity is -0.76 and Total Capital is -0.32. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.1.
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 11.01 points at the first support level, and at 10.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.89, and for the 2nd resistance point, it is at 12.22.
Ratios To Look Out For
It is important to note that Wabash National Corp [NYSE:WNC] has a current ratio of 1.93. Also, the Quick Ratio is 1.09, while the Cash Ratio stands at 0.37. Considering the valuation of this stock, the price to sales ratio is 0.25, the price to book ratio is 2.63.
Transactions by insiders
Recent insider trading involved Pettit Michael N, SVP and Chief Growth Officer, that happened on Dec 31 ’24 when 1500.0 shares were sold. Officer, Pettit Michael N completed a deal on Dec 31 ’24 to buy 1500.0 shares.
