Weatherford International plc (NASDAQ: WFRD) is 9.89% higher on its value in year-to-date trading and has touched a low of $81.91 and a high of $135.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WFRD stock was last observed hovering at around $108.31 in the last trading session, with the day’s loss setting it -0.8%.
Currently trading at $107.51, the stock is -9.08% and -9.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.03 million and changing -0.74% at the moment leaves the stock -0.32% off its SMA200. WFRD registered 24.87% gain for a year compared to 6-month gain of 11.21%.
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The stock witnessed a -15.82% loss in the last 1 month and extending the period to 3 months gives it a -11.74%, and is 6.96% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.78% over the week and 4.60% over the month.
Weatherford International plc (WFRD) has around 18500 employees, a market worth around $7.87B and $5.44B in sales. Current P/E ratio is 16.01 and Fwd P/E is 12.16. Profit margin for the company is 9.19%. Distance from 52-week low is 31.25% and -20.36% from its 52-week high. The company has generated returns on investments over the last 12 months (16.76%).
with sales reaching $1.43B over the same period.The EPS is expected to grow by 21.81% this year, but quarterly earnings will post 11.20% year-over-year. Quarterly sales are estimated to grow 8.70% in year-over-year returns.
Weatherford International plc (WFRD) Top Institutional Holders
The shares outstanding are 73.16M, and float is at 72.02M with Short Float at 2.02%.
Weatherford International plc (WFRD) Insider Activity
The most recent transaction is an insider sale by SLEDGE CHARLES M,the company’sDirector. SEC filings show that SLEDGE CHARLES M sold 10,000 shares of the company’s common stock on Apr 25 ’24 at a price of $123.47 per share for a total of $1.23 million. Following the sale, the insider now owns 32729.0 shares.
Weatherford International plc disclosed in a document filed with the SEC on Feb 21 ’24 that Saligram Girish (President and CEO) sold a total of 60,000 shares of the company’s common stock. The trade occurred on Feb 21 ’24 and was made at $103.57 per share for $6.21 million. Following the transaction, the insider now directly holds 0.15 million shares of the WFRD stock.
Still, SEC filings show that on Feb 15 ’24, Sandhu Depinder (EVP, Global Product Lines) disposed off 4,717 shares at an average price of $100.96 for $0.48 million. The insider now directly holds 2,536 shares of Weatherford International plc (WFRD).
