Westlake Corporation (NYSE: WLK) is -11.66% lower on its value in year-to-date trading and has touched a low of $100.10 and a high of $162.64 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 WLK stock was last observed hovering at around $101.96 in the last trading session, with the day’s loss setting it -0.68%.
Currently trading at $101.28, the stock is -6.72% and -9.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.34 million and changing -0.67% at the moment leaves the stock -23.09% off its SMA200. WLK registered -29.54% loss for a year compared to 6-month loss of -29.23%. The firm has a 50-day simple moving average (SMA 50) of $111.9862 and a 200-day simple moving average (SMA200) of $131.6931.
The stock witnessed a -10.84% gain in the last 1 month and extending the period to 3 months gives it a -13.99%, and is -4.20% down 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 2.95% over the week and 3.30% over the month.
Westlake Corporation (WLK) has around 15520 employees, a market worth around $12.99B and $12.14B in sales. Current P/E ratio is 21.89 and Fwd P/E is 12.45. Profit margin for the company is 4.93%. Distance from 52-week low is 1.18% and -37.73% from its 52-week high. The company has generated returns on investments over the last 12 months (3.96%).
with sales reaching $3.01B over the same period.The EPS is expected to grow by 13.64% this year, but quarterly earnings will post 2.67% year-over-year. Quarterly sales are estimated to grow 1.13% in year-over-year returns.
537.0 institutions hold shares in Westlake Corporation (WLK), with institutional investors hold 106.46% of the company’s shares. The shares outstanding are 128.23M, and float is at 32.95M with Short Float at 4.67%. Institutions hold 28.00% of the Float.
The top institutional shareholder in the company is FMR LLC with over 4.11 million shares valued at $595.63 million. The investor’s holdings represent 3.2042 of the WLK Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.84 million shares valued at $556.39 million to account for 2.9931 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 3.41 million shares representing 2.655 and valued at over $493.55 million, while VICTORY CAPITAL MANAGEMENT INC holds 2.2151 of the shares totaling 2.84 million with a market value of $411.76 million.
Westlake Corporation (WLK) Insider Activity
The most recent transaction is an insider sale by Chao David Tsung-Hung, the company’s Director. SEC filings show that Chao David Tsung-Hung sold 1,750 shares of the company’s common stock on Nov 29 ’24 at a price of $129.08 per share for a total of $0.23 million. Following the sale, the insider now owns 7784.0 shares.
Still, SEC filings show that on Nov 22 ’24, Chao David Tsung-Hung (Director) disposed off 1,750 shares at an average price of $130.00 for $0.23 million. The insider now directly holds 9,534 shares of Westlake Corporation (WLK).
