Wabash National Corp (NYSE:WNC) shares, rose in value on Thursday, February 13, with the stock price down by -1.90% to the previous day’s close as strong demand from buyers drove the stock to $12.40.
Actively observing the price movement in the last trading, the stock closed the session at $12.64. Referring to stock’s 52-week performance, its high was $30.07, and the low was $12.64. On the whole, WNC has fluctuated by -27.14% over the past month.
With the market capitalization of Wabash National Corp currently standing at about $537.38 million, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.32, with its dividend yield at 2.58%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.95B, with a low estimate of 403.4M and a high estimate of 425.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 414.55M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WNC’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 WNC currently trading nearly -16.97% and -25.98% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 19.17, while the 7-day volatility ratio is showing 4.14% which for the 30-day chart, stands at 5.39%. Furthermore, Wabash National Corp (WNC)’s beta value is 1.60, and its average true range (ATR) is 0.70.
A comparison of Wabash National Corp (WNC) with its peers suggests the former has fared considerably weaker in the market. WNC showed an intraday change of -1.90% in last session, and over the past year, it shrunk by -53.03%%.
Data on historical trading for Wabash National Corp (NYSE:WNC) indicates that the trading volumes over the past 3 months, they’ve averaged 699.97K. According to company’s latest data on outstanding shares, there are 42.88 million shares outstanding.
Nearly 3.16% of Wabash National Corp’s shares belong to company insiders and institutional investors own 107.28% of the company’s shares. The stock has fallen by -27.61% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WNC stock heading into the next quarter.
