Wingstop Inc (NASDAQ:WING) shares, rose in value on Friday, January 24, with the stock price down by -3.02% to the previous day’s close as strong demand from buyers drove the stock to $279.83.
Actively observing the price movement in the last trading, the stock closed the session at $288.53, falling within a range of $279.57 and $289.61. The value of beta (5-year monthly) was 1.735 whereas the PE ratio was 81.78 over 12-month period. Referring to stock’s 52-week performance, its high was $433.86, and the low was $266.45. On the whole, WING has fluctuated by -3.73% over the past month.
With the market capitalization of Wingstop Inc currently standing at about $8.17 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.98, with its dividend yield at 0.35%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 628.97M, with a low estimate of 161M and a high estimate of 171.54M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 165.16M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WING’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of WING currently trading nearly -1.08% and -8.91% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.93, while the 7-day volatility ratio is showing 3.09% which for the 30-day chart, stands at 2.81%. Furthermore, Wingstop Inc (WING)’s beta value is 1.80, and its average true range (ATR) is 9.18.
A comparison of Wingstop Inc (WING) with its peers suggests the former has fared considerably weaker in the market. WING showed an intraday change of -3.02% in last session, and over the past year, it shrunk by -1.19%%.
Data on historical trading for Wingstop Inc (NASDAQ:WING) indicates that the trading volumes over the past 10 days have averaged 0.54 and over the past 3 months, they’ve averaged 583.13K. According to company’s latest data on outstanding shares, there are 29.21 million shares outstanding.
Nearly 0.30% of Wingstop Inc’s shares belong to company insiders and institutional investors own 102.25% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.74 million shares as on 2024-12-31, resulting in a short ratio of 3.62. According to the data, the short interest in Wingstop Inc (WING) stood at 598.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 1.33 million. The stock has fallen by -1.54% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WING stock heading into the next quarter.
