Wabash National Corp (NYSE:WNC) price on Friday, February 07, fall -5.03% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $13.60.
A look at the stock’s price movement, the close in the last trading session was $14.32, moving within a range at $13.6 and $14.34. The beta value (5-Year monthly) was 1.528. Turning to its 52-week performance, $30.07 and $14.21 were the 52-week high and 52-week low respectively. Overall, WNC moved -18.90% over the past month.
Wabash National Corp’s market cap currently stands at around $589.39 million, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.32, with its dividend yield at 2.35%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 414.55M for the company’s revenue for the quarter, with a low and high estimate of 403.4M and 425.7M respectively. The average forecast suggests down to a -19.55% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.95B, representing a 0.14% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that WNC is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 0 recommend WNC as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
WNC’s current price about -13.16% and -21.38% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 24.85, while 7-day volatility ratio is 4.89% and 5.19% in the 30-day chart. Further, Wabash National Corp (WNC) has a beta value of 1.59, and an average true range (ATR) of 0.77. Analysts have given the company’s stock an average 52-week price target of $18, forecast between a low of $18 and high of $18. Looking at the price targets, the low is -32.35% off current price level while to achieve the yearly target high, price needs to move -32.35%. Nonetheless, investors will most likely welcome a -32.35% jump to $18 which is the analysts’ median price.
If we refocus on Wabash National Corp (NYSE:WNC), historical trading data shows that trading volumes averaged 1.19 over the past 10 days and 680.83K over the past 3 months. The company’s latest data on shares outstanding shows there are 42.88 million shares.
The 3.14% of Wabash National Corp’s shares are in the hands of company insiders while institutional holders own 108.22% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.32 million on 2025-01-15, giving us a short ratio of 5.53. The data shows that as of 2025-01-15 short interest in Wabash National Corp (WNC) stood at 1189.99995 of shares outstanding, with shares short falling to 4.19 million registered in 2024-12-13. Current price change has pushed the stock -20.61% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the WNC stock continues to rise going into the next quarter.
