Wabash National Corporation (NYSE:WNC) went down by -1.79% during the previous trading session, and it is maintaining the win ahead of Friday’s trading session. The share price of the Farm & Heavy Construction Machinery giant went up by $9.86 to trade ended Friday trading at $10.04. This is down from the $10.04 price recorded on Thursday’s trading session. Thanks to this latest performance, WNC is closer to the higher price 52-week target of $16.00 and further from the lowest price target of $7.00. Its performance from the start of the year has also been negative, with WNC down by -32.88% year-to-date.
Wabash National Corporation (WNC) started the day trading at $10.21 and recorded an intraday high of $10.25. It also recorded an intraday low of $9.73 during Friday’s trading session. Wabash National Corporation is a very active stock that recorded a trading volume that is more than 15.92% of the average daily trading volume on Friday. The stock’s trading volume on Friday was 980747, which is more than 15.92 of the total average daily trading volume of 824.58K.
Wabash National Corporation (NYSE:WNC) 2020 Performance Impressive
The increase in WNC’s stock price on Friday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of WNC currently stands at $16.70, which is higher than the current trading price of the stock by 40.96%. However, WNC’s current trading price is -57.51% lower than the 52-week low price of $6.26. In terms of trading volume, Wabash National Corporation currently experienced healthy participation during the last trading session. 980747 shares of Wabash National Corporation were traded on the stock exchange on Friday, which is more than 15.92% of the 824.58K average trading volume of the stock.
The performance of the stock has been positive over the past year. WNC’s performance over the past one year has seen it plunge by -35.64%, while the stock has gone down by -37.32% in the last six months. The quarterly performance of WNC currently stands at 27.39%, and it is up by 8.35% in the last month. The only negative figure was from the weekly performance, which currently reads -1.89%. At the time of writing WNC’s report, the company has a total market cap of $530.57M, making it one of the largest publicly-traded companies in the world.Wabash National Corporation also has over 6900 employees all over the world.
WNC Insider Activities
The insider transactions over the past six months are up by 113.70%.For Wabash National Corporation insiders bought 343,595 shares in 25 transactions. In that same period, insiders sold 22,763 of their shares in 5 transactions. After these transactions, insiders at Wabash National Corporation now hold 645.82k shares, which is over 113.46% of the total company stocks. Institutional investors currently hold a large chunk of the WNC shares, as they control 1.22% of the company’s total stock.
WNC Fundamental Analysis
For Wabash National Corporation, the stock’s diluted earnings per share (EPS) stands at -0.65. In the coming year, analysts expect the EPS to be 0.50. The EPS growth will up over the next five years to 15.00% after surging by 13.80% in the previous five years. In terms of revenue, Wabash National Corporation’s quarterly sales (YOY) is shrinking at -0.24, which is lower than the average annual revenue of 13.80% over the past half a decade.
The Return on Investment (ROI) on Wabash National Corporation’s stock currently stands at 11.70%, and it has a net profit margin of -1.50%. The operating margin of the company is 0.30%, and its gross margin is 12.60%.
WNC Analysts Prediction
Another analyst that has a Hold rating for WNC is Stifel, which set a price target of between $23 and $26.
Analysts at Stifel believe that WNC is Hold, and they have a price target of between $11 and $17. Aegis Capital and Stifel also believe that Wabash National Corporation’s stock is outperforming at the moment.
At the moment, Wabash National Corporation’s Total Debt to Equity ratio stands at 1.27, and they have a long-term Debt to Equity ratio of 1.27.
WNC Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of WNC currently stands at -3.36%, while the SMA50 is 12.03%. The biggest one is the SMA200, which is currently reading -17.72% ahead of Friday’s trading session. The Relative Strength Index of this stock is 51.60.