The trading price of Welbilt Inc. (NYSE:WBT) floating higher at last check on Wednesday, July 21, closing at $23.44, 0.26% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $23.35 and $23.50. The company’s P/E ratio in the trailing 12-month period was 212.55, while its 5Y monthly beta was 2.38. In examining the 52-week price action we see that the stock hit a 52-week high of $25.19 and a 52-week low of $5.78. Over the past month, the stock has lost -2.26% in value.
Welbilt Inc., whose market valuation is $3.34 billion at the time of this writing, is expected to release its quarterly earnings report May 06, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.11 per share this quarter, however they have predicted annual earnings per share of $0.49 for 2021 and $0.79 for 2022. It means analysts are expecting annual earnings per share growth of 206.20% this year and 61.20% next year.
Analysts have forecast the company to bring in revenue of $343.87 million for the current quarter, with the likely lows of $329.3 million and highs of $356.8 million. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $1.38 billion. The company’s revenue is forecast to grow by 19.80% over what it did in 2021.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Welbilt Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest WBT has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned WBT a recommendation rating is 9. Out of them, 9 rate it a Hold, while 0 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Welbilt Inc. (WBT) as Underweight, while 0 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that WBT’s price is currently -1.88% off the SMA20 and 1.55% off the SMA50. The RSI metric on the 14-day chart is currently showing 47.54, and weekly volatility stands at 0.96%. When measured over the past 30 days, the indicator reaches 1.61%. Welbilt Inc. (NYSE:WBT)’s beta value is currently sitting at 2.48, while the Average True Range indicator is currently displaying 0.49. With analysts defining $21.00-$25.00 as the low and high price targets, we arrive at a consensus price target of $23.80 for the trailing 12-month period. The current price is about 10.41% off the estimated low and -6.66% off the forecast high, based on this estimate. Investors will be thrilled if WBT’s share price rises to $24.00, which is the median consensus price. At that level, WBT’s share price would be -2.39% below current price.
To see how Welbilt Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: WBT stock’s performance was 0.26% at last check in today’s session, and 283.28% in the past year, while The Middleby Corporation (MIDD) has been trading 0.61% in recent session and positioned 127.25% higher than it was a year ago. Another comparable company Welbilt Inc. (WBT) saw its stock trading 0.26% higher in today’s session but was up 283.28% in a year. Welbilt Inc. has a P/E ratio of 212.55, compared to The Middleby Corporation’s 46.17 and Welbilt Inc.’s 212.55. Also during today’s trading, the S&P 500 Index has surged 0.57%, while the Dow Jones Industrial also saw a positive session, up 0.63% today.
An evaluation of the daily trading volume of Welbilt Inc. (NYSE:WBT) indicates that the 3-month average is 4.42 million. However, this figure has increased over the past 10 days to an average of 4.71 million.
Currently, records show that 141.62 million of the company’s shares remain outstanding. The insiders hold 0.60% of outstanding shares, whereas institutions hold 93.90%. The stats also highlight that short interest as of Apr 14, 2021, stood at 5.0 million shares, resulting in a short ratio of 4.42 at that time. From this, we can conclude that short interest is 3.53% of the company’s total outstanding shares. It is noteworthy that short shares in April were down slightly from the previous month’s figure, which was 6.6 million. However, since the stock’s price has seen 77.12% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.