Wabash National Corp (NYSE: WNC) is -23.46% lower on its value in year-to-date trading and has touched a low of $15.94 and a high of $30.07 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WNC stock was last observed hovering at around $19.52 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $19.61, the stock is 3.19% and 5.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.32 million and changing 0.46% at the moment leaves the stock -10.86% off its SMA200. WNC registered -8.75% loss for a year compared to 6-month loss of -11.19%. The firm has a 50-day simple moving average (SMA 50) of $18.6534 and a 200-day simple moving average (SMA200) of $22.0336.
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The stock witnessed a 9.43% gain in the last 1 month and extending the period to 3 months gives it a 1.82%, and is 6.34% 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 3.17% over the week and 2.99% over the month.
Wabash National Corp (WNC) has around 6700 employees, a market worth around $849.84M and $2.13B in sales. Fwd P/E is 15.37. Profit margin for the company is -10.94%. Distance from 52-week low is 23.02% and -34.79% from its 52-week high. The company has generated returns on investments over the last 12 months (-37.51%).
The EPS is expected to shrink by -73.27% this year
327.0 institutions hold shares in Wabash National Corp (WNC), with institutional investors hold 111.16% of the company’s shares. The shares outstanding are 45.39M, and float is at 42.00M with Short Float at 11.74%. Institutions hold 107.88% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 7.51 million shares valued at $164.05 million. The investor’s holdings represent 16.7303 of the WNC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.58 million shares valued at $121.86 million to account for 12.4283 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 2.65 million shares representing 5.9112 and valued at over $57.96 million, while PACER ADVISORS, INC. holds 5.3273 of the shares totaling 2.39 million with a market value of $52.24 million.
Wabash National Corp (WNC) Insider Activity
The most recent transaction is an insider purchase by Boss John G., the company’s Director. SEC filings show that Boss John G. bought 151 shares of the company’s common stock on Jan 25 ’24 at a price of $25.72 per share for a total of $3881.0. Following the purchase, the insider now owns 0.11 million shares.
Wabash National Corp disclosed in a document filed with the SEC on Feb 27 ’24 that Sudhanshu Priyadarshi (Director) sold a total of 1,010 shares of the company’s common stock. The trade occurred on Feb 27 ’24 and was made at $27.06 per share for $27331.0. Following the transaction, the insider now directly holds 6386.0 shares of the WNC stock.
Still, SEC filings show that on Feb 08 ’24, Magee Larry J (Director) disposed off 17,897 shares at an average price of $25.80 for $0.46 million. The insider now directly holds 96,249 shares of Wabash National Corp (WNC).
