As of Wednesday close, WillScot Mobile Mini Holdings Corp.’s (NASDAQ:WSC) stock was up $0.09, moving up 0.22 percent to $41.24. The average number of shares traded per day over the past five days has been 2,206,460 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.14 fall in that time frame. In the last twenty days, the average volume was 1,971,445, while in the previous 50 days, it was 1,752,634.
Since last month, WSC stock retreated -16.72%. Shares of the company fell to $40.45 on 08/25/23, the lowest level in the past month. A 52-week high of $53.46 was reached on 03/03/23 after having rallying from a 52-week low of $37.81. Since the beginning of this year, WSC’s stock price has dropped by -8.70% or -$3.93, and marked a new high 21 times. However, the stock has declined by -22.86% since its 52-week high.
WSC stock investors should be aware that WillScot Mobile Mini Holdings Corp. (WSC) stock had its last reported insider trading activity 14 days ago on Aug 17. Soultz Bradley Lee, the Chief Executive Officer of the company, purchased of 5,000 shares for $40.71 on Aug 17. It resulted in a $203,548 investment by the insider. Shanks Sally J sold 10,541 shares at an average price of $47.08 on Jun 15. The insider now owns 23,932 shares following the transaction. On Jun 08, Director SAGANSKY JEFFREY sold 100,000 shares at $47.18 apiece. The transaction was valued at $4,718,260.
Valuation Metrics
Right now, WillScot Mobile Mini Holdings Corp. (WSC) has a P/E ratio of about 26.73. The stock’s beta is 1.54. Besides these, the trailing price-to-sales (P/S) ratio of 3.61, the price-to-book (PB) ratio of 5.76, and the price-to-cash flow ratio of 20.09 may also be considered.
Financial Health
In the three months ended June 29, WillScot Mobile Mini Holdings Corp.’s quick ratio stood at 0.90, while its current ratio was 1.00, 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 June 29 was 2.11, and the total debt-to-equity ratio was 2.12. On the profitability front, the trailing twelve-month gross margin is 54.90% percent. In the year ended June 29, EBITDA margin amounted to 39.23%, whereas operating margins totaled 27.20%. Based on annual data, WSC earned $1.39 billion in gross profit and brought in $2.14 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 9.10%. Return on equity (ROE) for the past 12 months was 32.90%.
In WillScot Mobile Mini Holdings Corp.’s quarter-end financial report for June 29, it reported total debt of $3.04 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. WSC’s revenue rose 0.08% to $565.47 million during the quarter, while net income inched up to $582.09 million. While analysts expected WillScot Mobile Mini Holdings Corp. to report $0.4 quarterly earnings, the actual figure was $0.43 per share, beating the consensus estimate by 7.50%. During the quarter, the company generated $251.09 million in EBITDA. The liabilities of WillScot Mobile Mini Holdings Corp. were 4.28 billion at the end of its most recent quarter ended June 29, and its total debt was $3.28 billion. The value of shareholders’ equity is $197.31 million.
Technical Picture
This quick technical analysis looks at WillScot Mobile Mini Holdings Corp.’s (WSC) price momentum. With a historical volatility rate of 14.52%, the RSI 9-day stood at 35.59% on 30 August.
With respect to its five-day moving average, the current WillScot Mobile Mini Holdings Corp. price is down by -0.34% percent or -$0.14. At present, WSC shares trade -14.21% below its 20-day simple moving average and +2.33% percent above its 100-day simple moving average. However, the stock is currently trading approximately -12.92% below its SMA50 and -13.67% below its SMA200.
Stochastic coefficient K was 22.89% and Stochastic coefficient D was 16.95%, while ATR was 0.90. Given the Stochastic reading of 29.81% for the 14-day period, the RSI (14) reading has been calculated as 35.15%. As of today, the MACD Oscillator reading stands at -0.17, while the 14-day reading stands at -0.37.
Analyst Ratings
William Blair launched its rating on WillScot Mobile Mini Holdings Corp. (NASDAQ: WSC) to an Outperform in a note to investors on February 08, 2023. WillScot Mobile Mini Holdings Corp. (WSC) has been rated Buy by analysts. According to 0 brokerage firms, WSC is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate WillScot Mobile Mini Holdings Corp. stock as buy, with 8 recommending it as overweight.
With a median target price of $57.50, the current consensus forecast for the stock is $53.00 – $67.00. Based on these forecasts, analysts predict WillScot Mobile Mini Holdings Corp. (WSC) will achieve an average price target of $58.70.
