Westlake Chemical Corporation (NYSE:WLK) went down by -1.86% during the previous trading session, and it is maintaining the win ahead of Tuesday’s trading session. The share price of the Specialty Chemicals giant went up by $53.80 to trade ended Tuesday trading at $54.82. This is down from the $54.82 price recorded on Monday’s trading session. Thanks to this latest performance, WLK is closer to the higher price 52-week target of $70.00 and further from the lowest price target of $28.00. Its performance from the start of the year has also been negative, with WLK down by -23.31% year-to-date.
Westlake Chemical Corporation (WLK) started the day trading at $54.24 and recorded an intraday high of $54.905. It also recorded an intraday low of $53.65 during Tuesday’s trading session. Westlake Chemical Corporation is a very active stock that recorded a trading volume that is less than -43.24% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 506163, which is less than -43.24 of the total average daily trading volume of 725.04K.
Westlake Chemical Corporation (NYSE:WLK) 2020 Performance Impressive
The increase in WLK’s stock price on Tuesday 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 WLK currently stands at $75.65, which is higher than the current trading price of the stock by 28.88%. However, WLK’s current trading price is -85.58% lower than the 52-week low price of $28.99. In terms of trading volume, Westlake Chemical Corporation currently experienced healthy participation during the last trading session. 506163 shares of Westlake Chemical Corporation were traded on the stock exchange on Tuesday, which is less than -43.24% of the 725.04K average trading volume of the stock.
The performance of the stock has been positive over the past year. WLK’s performance over the past one year has seen it plunge by -21.30%, while the stock has gone down by -21.73% in the last six months. The quarterly performance of WLK currently stands at 37.81%, and it is down by -7.64% in the last month. The only negative figure was from the weekly performance, which currently reads -0.50%. At the time of writing WLK’s report, the company has a total market cap of $6.70B, making it one of the largest publicly-traded companies in the world.Westlake Chemical Corporation also has over 9430 employees all over the world.
WLK Insider Activities
For Westlake Chemical Corporation, insiders hold 28.70% of all company shares. The insider transactions over the past six months are up by 1.70%. During that period, insiders bought 1,278,882 shares in 41 transactions. In that same period, insiders sold 14,713 of their shares in 11 transactions. After these transactions, insiders at Westlake Chemical Corporation now hold 92.88M shares, which is over 30.14% of the total company stocks. Institutional investors currently hold a large chunk of the WLK shares, as they control 72.75% of the company’s total stock.
WLK Fundamental Analysis
For Westlake Chemical Corporation, the stock’s diluted earnings per share (EPS) stands at 3.83. In the coming year, analysts expect the EPS to be 2.30. The stock’s EPS growth this year is -57.30%, with analysts expecting almost a 2 growth in the earnings per share next week. In terms of revenue, Westlake Chemical Corporation’s quarterly sales (YOY) is shrinking at 0.00, which is higher than the average annual revenue of -8.50% over the past half a decade.
The Return on Investment (ROI) on Westlake Chemical Corporation’s stock currently stands at 5.90%, and it has a net profit margin of 6.10%. The operating margin of the company is 8.20%, and its gross margin is 15.50%.
WLK Analysts Prediction
Analysts at Bernstein believe that WLK is Mkt Perform, and they have a price target of between $85 and $30.
At the moment, Westlake Chemical Corporation’s Total Debt to Equity ratio stands at 0.75, and they have a long-term Debt to Equity ratio of 0.75.
WLK Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of WLK currently stands at -1.05%, while the SMA50 is 10.75%. The biggest one is the SMA200, which is currently reading -5.33% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 54.43, while its price to earnings ratio (P/E) is 14.06.