W & T Offshore Inc (NYSE:WTI) concluded the trading at $2.04 on current market day with a rise of 2.51% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $1.99 and 5Y monthly beta was reading 1.396 with its price kept floating in the range of $1.99 and $2.05 on the day. Considering stock’s 52-week price range provides that WTI hit a high price of $4.32 and saw its price falling to a low level of $1.92 during that period. Over a period of past 1-month, stock came subtracting -3.77% in its value.
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With its current market valuation of $300.57 million, W & T Offshore Inc is set to declare its quarterly results in November. WTI Stock’s Forward Dividend of 0.04 and its yield of 1.96% are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter.
In contrast, when we review WTI stock’s current outlook then short term indicators are assigning it an average of Hold, while medium term indicators are categorizing the stock at an average of 100% Sell. Long term indicators are suggesting an average of 100% Sell for it.
Digging deeper we become aware of the PEG ratio of the WTI stock which is currently positioned at 0. It further provides that stock’s current price level is -9.05% away from its 20-day simple moving average and is -7.43% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 42.03 while volatility remained at 4.05% over the past week which changes to 5.89% when measuring it over the past month. Beta is valued at 1.40, while measure of average true range or ATR is currently at 0.14.
Having a second look at W & T Offshore Inc (NYSE:WTI) provides that stock’s average daily trading volume for 3 months was 1.73 million, while it jumped to 3529880 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 146.58 million.
The percentage of outstanding shares held by the insiders is 33.69% while it is 37.01% for the institutional holders. The figures also indicate that as of 2024-09-30, number of stock’s short shares was 17.32 million which implies a short ratio of 12.21. This shows down a 1767.00 of Short Interest in company’s outstanding shares on the day. In September the standing of shares short improved as it was 17.85 million in the previous month. Subtraction of -37.42% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
