Winnebago Industries, Inc (NYSE: WGO) Jumps 0.74%: The Most Likely Path Going Forward

Winnebago Industries, Inc (NYSE:WGO) shares, rose in value on Friday, November 22, with the stock price up by 0.74% to the previous day’s close as strong demand from buyers drove the stock to $58.93.

Actively observing the price movement in the last trading, the stock closed the session at $58.50, falling within a range of $58.66 and $59.91. The value of beta (5-year monthly) was 1.613 whereas the PE ratio was 227.79 over 12-month period. Referring to stock’s 52-week performance, its high was $75.42, and the low was $49.68. On the whole, WGO has fluctuated by 12.83% over the past month.

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With the market capitalization of Winnebago Industries, Inc currently standing at about $1.70 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 1.27, with its dividend yield at 2.16%.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3B, with a low estimate of 643.9M and a high estimate of 733.9M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 690.94M.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WGO’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a Hold.

The stock’s technical analysis shows that the PEG ratio is about 15.19, with the price of WGO currently trading nearly -0.44% and 1.23% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.20, while the 7-day volatility ratio is showing 3.05% which for the 30-day chart, stands at 3.40%. Furthermore, Winnebago Industries, Inc (WGO)’s beta value is 1.62, and its average true range (ATR) is 2.08.

A comparison of Winnebago Industries, Inc (WGO) with its peers suggests the former has fared considerably weaker in the market. WGO showed an intraday change of 0.74% in last session, and over the past year, it shrunk by -10.98%%.

Data on historical trading for Winnebago Industries, Inc (NYSE:WGO) indicates that the trading volumes over the past 10 days have averaged 0.7 and over the past 3 months, they’ve averaged 629.23K. According to company’s latest data on outstanding shares, there are 28.80 million shares outstanding.

Nearly 4.04% of Winnebago Industries, Inc’s shares belong to company insiders and institutional investors own 109.38% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.65 million shares as on 2024-10-31, resulting in a short ratio of 6.53. According to the data, the short interest in Winnebago Industries, Inc (WGO) stood at 2004.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 4.84 million. The stock has fallen by -19.14% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WGO stock heading into the next quarter.

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