WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) saw an upside of 0.34% to close Monday at $43.69 after adding $0.15 on the day. The 5-day average trading volume is 3,524,160 shares of the company’s common stock. It has gained $49.77 in the past week and touched a new high 1 time within the past 5 days. An average of 1,891,800 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,844,036.
WSC’s 1-month performance is -7.59% or -$3.59 on its low of $43.17 reached on 08/07/23. The company’s shares have touched a 52-week low of $37.81 and high of $53.46, with the stock’s rally to the 52-week high happening on 03/03/23. YTD, WSC has lost -3.28% or -$1.48 and has reached a new high 21 times. However, the current price is down -18.28% from the 52-week high price.
Insider Transactions
WSC stock investors last saw insider trading activity on Jun 15.Shanks Sally J (Chief Accounting Officer) most recently sold 10,541 shares at $47.08 per share on Jun 15. This transaction cost the insider $496,308. Director, SAGANSKY JEFFREY, sold 100,000 shares at a price of $47.18 on Jun 08. Then, on Nov 07, Director SAGANSKY JEFFREY sold 50,000 shares at a price of $46.13 per share. This transaction amounted to $2,306,665.
Valuation Metrics
WSC stock has a beta of 1.53. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.92 while the price-to-book (PB) in the most recent quarter is 6.10, with the price to cash flow ratio at 21.74.
WillScot Mobile Mini Holdings Corp.’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 1.00. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.11, while the total debt to equity was 2.12. In terms of profitability, the gross margin trailing 12 months is 54.30%. The trailing 12-month EBITDA margin is 39.23% while for the period ending June 29, WillScot Mobile Mini Holdings Corp.’s operating margin was 27.20%. The firm’s gross profit as reported stood at $1.39 billion against revenue of $2.14 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 16.36% to $87.73 million, while revenue of $210.88 million was -140.37% off the previous quarter. Analysts expected WSC to announce $0.4 per share in earnings in its latest quarter, but it posted $0.43, representing a 7.50% surprise. EBITDA for the quarter stood at more than $251.09 million. WSC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 4.28 billion, with total debt at $3.29 billion. Shareholders hold equity totaling $197.31 million.
Let’s look briefly at WillScot Mobile Mini Holdings Corp. (WSC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 30.24% to suggest the stock is trending Neutral, with historical volatility in this time period at 55.91%.
The stock’s 5-day moving average is $45.67, reflecting a -8.88% or -$4.26 change from its current price. WSC is currently trading -8.52% above its 20-day SMA, -9.26% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -1.91% and SMA200 by+1.58%.
Stochastic %K and %D was 3.37% and 22.19% and the average true range (ATR) pointed at 1.38. The RSI (14) points at 35.29%, while the 14-day stochastic is at 7.88% with the period’s ATR at 1.27. The stock’s 9-day MACD Oscillator is pointing at -2.84 and -3.35 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for WillScot Mobile Mini Holdings Corp. (NASDAQ: WSC), William Blair launched coverage with an Outperform rating. Analysts offering their rating for WSC stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate WSC as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 8 have offered a “buy” rating.
What is WSC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $53.00 and a high of $67.00, with their median price target at $57.50. Looking at these predictions, the average price target given by analysts is for WillScot Mobile Mini Holdings Corp. (WSC) stock is $58.70.
