Westinghouse Air Brake Technologies Corp (NYSE:WAB) shares, rose in value on Friday, January 03, with the stock price up by 0.78% to the previous day’s close as strong demand from buyers drove the stock to $190.45.
Actively observing the price movement in the last trading, the stock closed the session at $188.97, falling within a range of $189.53 and $191.5974. The value of beta (5-year monthly) was 1.272 whereas the PE ratio was 31.72 over 12-month period. Referring to stock’s 52-week performance, its high was $207.51, and the low was $123.76. On the whole, WAB has fluctuated by -4.94% over the past month.
With the market capitalization of Westinghouse Air Brake Technologies Corp currently standing at about $32.74 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.80, with its dividend yield at 0.42%.
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 50% 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 1.75, with the price of WAB currently trading nearly -2.94% and -2.78% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.13, while the 7-day volatility ratio is showing 1.74% which for the 30-day chart, stands at 2.03%. Furthermore, Westinghouse Air Brake Technologies Corp (WAB)’s beta value is 1.27, and its average true range (ATR) is 3.73.
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 0.78% in last session, and over the past year, it grew by 52.75%%.
Data on historical trading for Westinghouse Air Brake Technologies Corp (NYSE:WAB) indicates that the trading volumes over the past 10 days have averaged 1.16 and over the past 3 months, they’ve averaged 1.01 million. According to company’s latest data on outstanding shares, there are 171.90 million shares outstanding.
Nearly 1.06% of Westinghouse Air Brake Technologies Corp’s shares belong to company insiders and institutional investors own 92.72% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.48 million shares as on 2024-12-13, resulting in a short ratio of 2.33. According to the data, the short interest in Westinghouse Air Brake Technologies Corp (WAB) stood at 165.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 2.28 million. The stock has risen by 0.45% 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.
