Wabash National Corporation (NYSE:WNC) currently has a daily average trading volume of 420.92K but it saw 327622 shares traded on Wednesday. With a market cap of 1.18B USD, stock’s current market price of $25.65 came rising about 1.50 while comparing to the previous closing price of $25.27. In past 52 weeks, the stock remained buoying in the range of price level as high as $25.79 and as low as $12.23.
Taking a look at 20-day trading activity of Wabash National Corporation (WNC) gives us an average price of $23.32, while its current price level is -0.54% below from 52-week high level whereas it is 109.73% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $18.98 while that of 200 days or SMA-200 reads an average of $16.43. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.71% during that period while stretching the period over a month that increases to 4.47%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 73.04 which implies that the stock is in overbought territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the DA Davidson which initiated the stock as “Buy” in its note to investors issued on December 17, 2021, recommending a price target of $25 for it. Raymond James also issued its recommendations for the stock as it initiated the price target for the stock is $19.
Over the week, WNC’s stock price is moving 5.38% up while it is 52.50% when we observe its performance for the past one month. Year-to-date it is 31.40% up and over the past year, the stock is showing an upside performance of 39.40%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2022, when its quarterly earnings per share (EPS) of $0.73 beat the consensus estimate of $0.57 for the same. For WNC, analysts are forecasting an EPS-growth rate of 273.20% for current year and estimate for EPS growth in next year is 12.40%. In next quarter, company is expected to be making quarterly sales of $617.53 million as analysts are expecting the sales for current fiscal year at $2.5 billion and seeing the company making $2.62 billion in sales next year. Moreover, analysts are in estimates of $661.52 million for current-quarter revenue.
Currently, Wabash National Corporation’s total number of outstanding shares is 48.52M with 1.64% of that held by the insiders while 102.18% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 4.40% and return on equity (ROE) at 13.30%. It has a price to earnings ratio (P/E ratio) of 27.94 while having a 10.72 of forward P/E ratio. Stock’s beta reads 1.68. Stock has a price to book (P/B) ratio of 3.46 while price to sale or P/S ratio amounts to 0.51. Its return on asset (ROA) is 3.70% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Small Cap ETF came shrinking its share ownership by 0.08% in the Wabash National Corporation (WNC) increasing its stake to 7.51% with control over 2744.0 shares in the company. In the most recent quarter, Vanguard Small Cap Index Fund came rising its stake by 1.71% in the company and now holds 1.19 million or 2.49% of the company’s stake having worth of about 25.79 million.