Wabash National Corp (NYSE: WNC) is -56.24% lower on its value in year-to-date trading and has touched a low of $6.78 and a high of $23.94 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 $9.86 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $9.92, the stock is -7.19% and 0.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.35 million and changing 0.61% at the moment leaves the stock -28.03% off its SMA200. WNC registered -42.09% loss for a year compared to 6-month loss of -41.72%. The firm has a 50-day simple moving average (SMA 50) of $9.748 and a 200-day simple moving average (SMA200) of $13.9167.
The stock witnessed a -7.46% gain in the last 1 month and extending the period to 3 months gives it a 8.18%, and is -11.19% 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 4.77% over the week and 3.78% over the month.
Wabash National Corp (WNC) has around 6000 employees, a market worth around $415.35M and $1.81B in sales. Fwd P/E is 10.51. Profit margin for the company is -3.93%. Distance from 52-week low is 46.31% and -58.57% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.44%).
The EPS is expected to shrink by -161.06% this year
311.0 institutions hold shares in Wabash National Corp (WNC), with institutional investors hold 107.97% of the company’s shares. The shares outstanding are 42.15M, and float is at 40.08M with Short Float at 5.19%. Institutions hold 103.44% 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
Wabash National Corp disclosed in a document filed with the SEC on Dec 31 ’24 that Pettit Michael N (SVP and Chief Growth Officer) sold a total of 1,500 shares of the company’s common stock. The trade occurred on Dec 31 ’24 and was made at $17.19 per share for $25785.0. Following the transaction, the insider now directly holds 0.12 million shares of the WNC stock.
