As of Friday close, WestRock Company’s (NYSE:WRK) stock was down -$0.72, moving down -2.59 percent to $27.07. The average number of shares traded per day over the past five days has been 4,136,300 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.74 fall in that time frame. In the last twenty days, the average volume was 2,557,720, while in the previous 50 days, it was 2,418,310.
Since last month, WRK stock retreated -18.93%. Shares of the company fell to $26.84 on 03/17/23, the lowest level in the past month. A 52-week high of $54.78 was reached on 01/31/23 after having rallying from a 52-week low of $26.98. Since the beginning of this year, WRK’s stock price has dropped by -23.01% or -$8.09, and marked a new high 7 times. However, the stock has declined by -50.58% since its 52-week high.
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Sponsored
WRK stock investors should be aware that WestRock Company (WRK) stock had its last reported insider trading activity 3 days ago on Mar 15. Kivits Patrick M., the President, Corrugated Pkg of the company, disposed of 4,000 shares for $27.38 on Mar 15. It resulted in a $109,520 divestment by the insider. RUSSELL CURREY M sold 55,000 shares at an average price of $36.51 on Dec 12. The insider now owns 245,271 shares following the transaction. On Aug 18, President, Global Paper O’Neal John L sold 5,173 shares at $42.55 apiece. The transaction was valued at $220,111.
Valuation Metrics
Right now, WestRock Company (WRK) has a P/E ratio of about 8.62. The stock’s beta is 1.21. Besides these, the trailing price-to-sales (P/S) ratio of 0.33, the price-to-book (PB) ratio of 0.60, and the price-to-cash flow ratio of 8.98 may also be considered.
The latest dividend of $0.2750 per share was paid out, remained unchanged from last year’s $0.2750. On Thursday October 27 2022, a $0.0250 dividend increase was announced.
Financial Health
In the three months ended December 30, WestRock Company’s quick ratio stood at 1.00, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.78, and the total debt-to-equity ratio was 0.82. On the profitability front, the trailing twelve-month gross margin is 18.80% percent. In the year ended December 30, operating margins totaled 5.70%. Based on annual data, WRK earned $4.02 billion in gross profit and brought in $21.26 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.50%. Return on equity (ROE) for the past 12 months was 7.00%.
In WestRock Company’s quarter-end financial report for December 30, it reported total debt of $8.97 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. WRK’s revenue fell -0.59% to $5.4 billion during the quarter, while net income inched up to $4.92 billion. While analysts expected WestRock Company to report $0.6 quarterly earnings, the actual figure was $0.55 per share, beating the consensus estimate by -8.30%. During the quarter, the company generated $541.4 million in EBITDA. The liabilities of WestRock Company were 18.79 billion at the end of its most recent quarter ended December 30, and its total debt was $10.21 billion. The value of shareholders’ equity is $254.65 million.
Technical Picture
This quick technical analysis looks at WestRock Company’s (WRK) price momentum. With a historical volatility rate of 23.64%, the RSI 9-day stood at 19.28% on 17 March.
With respect to its five-day moving average, the current WestRock Company price is down by -9.19% percent or -$2.74. At present, WRK shares trade -18.19% below its 20-day simple moving average and -17.62% percent below its 100-day simple moving average. However, the stock is currently trading approximately -25.59% below its SMA50 and -44.17% below its SMA200.
Stochastic coefficient K was 7.79% and Stochastic coefficient D was 6.88%, while ATR was 1.01. Given the Stochastic reading of 3.69% for the 14-day period, the RSI (14) reading has been calculated as 24.41%. As of today, the MACD Oscillator reading stands at -1.69, while the 14-day reading stands at -2.75.
With a median target price of $37.00, the current consensus forecast for the stock is $32.00 – $50.00. Based on these forecasts, analysts predict WestRock Company (WRK) will achieve an average price target of $37.81.