The stock of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) increased by $0.32 on Monday to $41.07, up 0.79 percent. The last five days have seen an average of 1,656,370 shares of common stock traded. 21 times new highs were reached in the current year, with a fall of -$4.14. The average number of shares traded over the last 20 days was 1,945,753, while the average volume over the last 50 days totaled 1,681,743.
WSC stock dropped -13.61% since last month. On 08/25/23, the company’s shares reached a one-month low of $40.45. The stock touched a high of $53.46 on 03/03/23, after rallying from a low of $37.81 in 52 weeks. The price of WSC stock has declined by -9.08% or -$4.14 this year, reaching a new high 21 times. Still, the stock price is down -23.18% from the 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
Insider Transactions
WSC stock investors should be aware that WillScot Mobile Mini Holdings Corp. (WSC) stock had its last reported insider trading activity 11 days ago on Aug 17. On Aug 17, Chief Executive Officer Soultz Bradley Lee acquired 5,000 shares at $40.71 each. This transaction resulted in the insider spending $203,548. On Jun 15, Shanks Sally J sold 10,541 shares at a price of US$47.08. After the transaction, the insider now owns 23,932 shares. Director SAGANSKY JEFFREY had earlier sold 100,000 shares on Jun 08 for $47.18 a share. The transaction was completed for $4,718,260.
Valuation Metrics
WillScot Mobile Mini Holdings Corp. (WSC) has a trailing price-to-earnings (P/E) ratio of 26.62. Beta for the stock is 1.55. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.60, the price-to-book (PB) ratio of 5.74, and the price-to-cash flow ratio of 20.00.
Financial Health
For the three months ended June 29, WillScot Mobile Mini Holdings Corp.’s quick ratio was 0.90, while its current ratio was 1.00, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.11, and the total debt to equity ratio is 2.12. As far as profitability goes, gross margin for the trailing twelve months is 54.90% percent. WillScot Mobile Mini Holdings Corp.’s EBITDA margin for the year ended June 29 was 39.23%, whereas its operating margin stood at 27.20% for the same period. Based on annual data, it had gross profit of $1.39 billion and revenue of $2.14 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. WSC’s return on assets (ROA) during the last 12 months has been 8.90%. There was a 9.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 32.90%.
Earnings Surprise
According to WillScot Mobile Mini Holdings Corp.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $582.09 million, while revenues rose by 0.08% to $565.47 million. It was predicted that WillScot Mobile Mini Holdings Corp.’s quarterly earnings would be $0.43, but it ended up being $0.4, beating the consensus by 7.50%. EBITDA was $251.09 million for the quarter. At the end of WillScot Mobile Mini Holdings Corp.’s most recent quarter ended June 29, its liabilities totaled 4.28 billion, while its total debt was $3.28 billion. Equity owned by shareholders amounts to $197.31 million.
Technical Picture
Here’s a quick look at WillScot Mobile Mini Holdings Corp.’s (WSC) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 31.67%, suggesting the stock is Neutral, with a 17.03% historical volatility rate.
The stochastic %K and %D were 12.31% and 12.57% respectively, while the average true range (ATR) was 0.96. Based on the 14-day stochastic reading of 18.18%, the RSI (14) reading is 33.05%. On the 9-day MACD Oscillator, the stock is at -0.40, and the 14-day reading is at -0.86.
Analyst Ratings
In its analyst report released on February 08, 2023, William Blair began covering WillScot Mobile Mini Holdings Corp. (NASDAQ: WSC). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned WillScot Mobile Mini Holdings Corp. (WSC) an Buy rating. WSC is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 8 others recommend it as a buy.
What is WSC’s price target for the next 12 months?
The current consensus forecast for the stock is between $53.00 and $67.00, with a median target price of $57.50. In analyzing these forecasts, the average price target given by analysts for WillScot Mobile Mini Holdings Corp. (WSC) is $58.70.
