As of Friday close, Walmart Inc.’s (NYSE:WMT) stock was down -$0.92, moving down -0.58 percent to $158.34. The average number of shares traded per day over the past five days has been 4,329,720 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.57 fall in that time frame. In the last twenty days, the average volume was 4,394,480, while in the previous 50 days, it was 5,452,408.
Since last month, WMT stock rose 0.78%. Shares of the company fell to $153.45 on 07/07/23, the lowest level in the past month. A 52-week high of $160.94 was reached on 07/28/23 after having rallying from a 52-week low of $125.12. Since the beginning of this year, WMT’s stock price has risen by 11.67% or $16.55, and marked a new high 25 times. However, the stock has declined by -1.62% since its 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
WMT stock investors should be aware that Walmart Inc. (WMT) stock had its last reported insider trading activity 4 days ago on Aug 01. Rainey John D, the Executive Vice President of the company, disposed of 1,000 shares for $159.48 on Aug 01. It resulted in a $159,477 divestment by the insider. McMillon C Douglas sold 9,708 shares at an average price of $159.58 on Jul 27. The insider now owns 1,480,924 shares following the transaction. On Jul 26, Executive Vice President Furner John R. sold 4,375 shares at $159.24 apiece. The transaction was valued at $696,675.
Valuation Metrics
Right now, Walmart Inc. (WMT) has a P/E ratio of about 38.16. The stock’s beta is 0.50. Besides these, the trailing price-to-sales (P/S) ratio of 0.68, the price-to-book (PB) ratio of 5.89, and the price-to-cash flow ratio of 31.73 may also be considered.
The latest dividend of $0.57 per share was paid out, remained unchanged from last year’s $0.57.
Financial Health
In the three months ended April 29, Walmart Inc.’s quick ratio stood at 0.20, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending April 29 was 0.60, and the total debt-to-equity ratio was 0.68. On the profitability front, the trailing twelve-month gross margin is 24.10% percent. In the year ended April 29, operating margins totaled 3.50%. Based on annual data, WMT earned $147.57 billion in gross profit and brought in $611.29 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 11.80%. Return on equity (ROE) for the past 12 months was 15.10%.
In Walmart Inc.’s quarter-end financial report for April 29, it reported total debt of $38.12 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. WMT’s revenue rose 7.05% to $137.85 billion during the quarter, while net income inched up to $152.3 billion. While analysts expected Walmart Inc. to report $1.17 quarterly earnings, the actual figure was $1.31 per share, beating the consensus estimate by 12.00%. During the quarter, the company generated $9.09 billion in EBITDA. The liabilities of Walmart Inc. were 165.82 billion at the end of its most recent quarter ended April 29, and its total debt was $66.06 billion. The value of shareholders’ equity is $2.69 billion.
Technical Picture
This quick technical analysis looks at Walmart Inc.’s (WMT) price momentum. With a historical volatility rate of 5.29%, the RSI 9-day stood at 52.57% on 04 August.
With respect to its five-day moving average, the current Walmart Inc. price is down by -0.98% percent or -$1.57. At present, WMT shares trade +3.16% above its 20-day simple moving average and +15.27% percent above its 100-day simple moving average. However, the stock is currently trading approximately +6.76% above its SMA50 and +20.53% above its SMA200.
Stochastic coefficient K was 72.37% and Stochastic coefficient D was 75.84%, while ATR was 1.76. Given the Stochastic reading of 63.84% for the 14-day period, the RSI (14) reading has been calculated as 56.25%. As of today, the MACD Oscillator reading stands at -0.37, while the 14-day reading stands at 0.50.
Analyst Ratings
Piper Sandler upgraded its rating on Walmart Inc. (NYSE: WMT) to an Overweight in a note to investors on July 25, 2023. The analysts firm previously had a Neutral rating on the stock.Walmart Inc. (WMT) has been rated Overweight by analysts. According to 0 brokerage firms, WMT is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 6 analysts rate Walmart Inc. stock as buy, with 25 recommending it as overweight.
With a median target price of $170.00, the current consensus forecast for the stock is $157.00 – $210.00. Based on these forecasts, analysts predict Walmart Inc. (WMT) will achieve an average price target of $171.27.
