Westlake Corporation (NYSE: WLK) is -37.10% lower on its value in year-to-date trading and has touched a low of $68.55 and a high of $156.95 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 $71.50 in the last trading session, with the day’s gains setting it 0.61%.
Currently trading at $72.11, the stock is -5.80% and -16.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.09 million and changing 0.85% at the moment leaves the stock -37.87% off its SMA200. WLK registered -55.09% loss for a year compared to 6-month loss of -43.84%. The firm has a 50-day simple moving average (SMA 50) of $85.8966 and a 200-day simple moving average (SMA200) of $116.0621.
The stock witnessed a -7.81% gain in the last 1 month and extending the period to 3 months gives it a -35.04%, and is 2.20% 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 1.78% over the week and 2.78% over the month.
Westlake Corporation (WLK) has around 15540 employees, a market worth around $9.25B and $12.01B in sales. Current P/E ratio is 24.25 and Fwd P/E is 16.67. Profit margin for the company is 3.20%. Distance from 52-week low is 5.19% and -54.05% from its 52-week high. The company has generated returns on investments over the last 12 months (2.45%).
The EPS is expected to shrink by -74.25% this year
520.0 institutions hold shares in Westlake Corporation (WLK), with institutional investors hold 111.73% of the company’s shares. The shares outstanding are 128.24M, and float is at 32.95M with Short Float at 11.18%. Institutions hold 28.79% of the Float.
The top institutional shareholder in the company is FMR LLC with over 4.11 million shares valued at $$595.63 million. The investor’s holdings represent 3.1988 of the WLK Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.84 million shares valued at $$556.39 million to account for 2.988 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 3.41 million shares representing 2.6506 and valued at over $$493.55 million, while VICTORY CAPITAL MANAGEMENT INC holds 2.2114 of the shares totaling 2.84 million with a market value of $$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).
