Westinghouse Air Brake Technologies Corp (NYSE:WAB) shares, rose in value on Friday, November 01, with the stock price down by -0.61% to the previous day’s close as strong demand from buyers drove the stock to $186.84.
Actively observing the price movement in the last trading, the stock closed the session at $187.98, falling within a range of $186.69 and $189.3. The value of beta (5-year monthly) was 1.275 whereas the PE ratio was 31.11 over 12-month period. Referring to stock’s 52-week performance, its high was $192.48, and the low was $104.45. On the whole, WAB has fluctuated by 3.60% over the past month.
With the market capitalization of Westinghouse Air Brake Technologies Corp currently standing at about $32.12 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-12. The company’s Forward Dividend Ratio is 0.77, with its dividend yield at 0.41%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 10.42B, with a low estimate of 2.57B and a high estimate of 2.71B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.62B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WAB’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.84, with the price of WAB currently trading nearly -0.53% and 4.65% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.86, while the 7-day volatility ratio is showing 1.34% which for the 30-day chart, stands at 1.43%. Furthermore, Westinghouse Air Brake Technologies Corp (WAB)’s beta value is 1.27, and its average true range (ATR) is 2.80.
A comparison of Westinghouse Air Brake Technologies Corp (WAB) with its peers suggests the former has fared considerably weaker in the market. WAB showed an intraday change of -0.61% in last session, and over the past year, it grew by 76.60%%.
Data on historical trading for Westinghouse Air Brake Technologies Corp (NYSE:WAB) indicates that the trading volumes over the past 10 days have averaged 1.09 and over the past 3 months, they’ve averaged 1.08 million. According to company’s latest data on outstanding shares, there are 177.80 million shares outstanding.
Nearly 1.05% of Westinghouse Air Brake Technologies Corp’s shares belong to company insiders and institutional investors own 94.72% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.84 million shares as on 2024-10-15, resulting in a short ratio of 1.78. According to the data, the short interest in Westinghouse Air Brake Technologies Corp (WAB) stood at 123.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 2.67 million. The stock has risen by 47.23% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WAB stock heading into the next quarter.
