Hold on to your shares: Wabash National Corp. (WNC) Stock

DA Davidson lowered the price target for the Wabash National Corp. (NYSE:WNC) stock from “a Buy” to “a Neutral”. The rating was released on September 27, 2023, according to finviz. The research report from Vertical Research has downgraded the stock from Buy to Hold, with a price target set at $27. The stock was initiated by DA Davidson, who disclosed in a research note on December 17, 2021, to Buy and set the price objective to $25. In their research brief published March 26, 2021, Vertical Research analysts initiated the Wabash National Corp. stock to Buy with a price target of $25.

The latest trade, Performances and Moving Averages give us the following Picture

The firm’s stock price fluctuated -4.10% within the last five trades and -13.79% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 2.30% in the last 6 months and -13.52% was subtracted to its value over the previous 3 months. WNC stock is trading at a margin of -4.56%, -14.28% and -8.05% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

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As of the close of trading, WNC deals in the Industrials domain. The stock is trading -26.17 percent below its 52-week high and 10.50 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -12.16. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Wabash National Corp.’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 11.37 percent and the profit margin is 8.15 percent, and the company has reported a gross margin of 18.53 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $999.44 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Wabash National Corp. (NYSE:WNC) is 5.33. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 7.72. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.41 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.84, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 2.85 percent of Wabash National Corp. shares are owned by insiders, and 110.26 percent are held by financial institutions. Sudhanshu Priyadarshi, the Director at Wabash National Corp. (WNC) has sold 1,010 shares of firm on Feb 27 ’24 at a price of $27.06 against the total amount of $27331.0. In another inside trade, Magee Larry J, Director of Wabash National Corp. (NYSE:WNC) sold 17,897 shares of the firm on Feb 08 ’24 for a total worth of $0.46 million at a price of $25.80. An inside trade which took place on Feb 07 ’24, Director of Wabash National Corp. Magee Larry J sold 3,086 shares of firm against total price of $81779.0 at the cost of $26.50 per share.

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