As of Thursday close, Weatherford International plc’s (NASDAQ:WFRD) stock was down -$1.9, moving down -2.05 percent to $90.62. The average number of shares traded per day over the past five days has been 3,864,780 shares. 3 times new highs have been achieved over the past 5 days, with a -$4.57 fall in that time frame. In the last twenty days, the average volume was 1,783,535, while in the previous 50 days, it was 1,169,014.
Since last month, WFRD stock rose 7.24%. Shares of the company fell to $82.69 on 08/24/23, the lowest level in the past month. A 52-week high of $98.97 was reached on 09/19/23 after having rallying from a 52-week low of $28.02. Since the beginning of this year, WFRD’s stock price has risen by 77.97% or $39.70, and marked a new high 35 times. However, the stock has declined by -8.44% since its 52-week high.
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WFRD stock investors should be aware that Weatherford International plc (WFRD) stock had its last reported insider trading activity 122 days ago on May 23. Saligram Girish, the President and CEO of the company, disposed of 50,750 shares for $59.34 on May 23. It resulted in a $3,011,454 divestment by the insider. Mills Desmond J sold 15,000 shares at an average price of $57.42 on May 18. The insider now owns 26,761 shares following the transaction. On Mar 02, EVP & Chief People Officer Mongrain Joseph H sold 15,000 shares at $66.83 apiece. The transaction was valued at $1,002,450.
Valuation Metrics
Right now, Weatherford International plc (WFRD) has a P/E ratio of about 26.30. The stock’s beta is 2.05. Besides these, the trailing price-to-sales (P/S) ratio of 1.34, the price-to-book (PB) ratio of 10.11, and the price-to-cash flow ratio of 14.29 may also be considered.
Financial Health
In the three months ended June 29, Weatherford International plc’s quick ratio stood at 1.50, while its current ratio was 2.00, 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 June 29 was 3.09, and the total debt-to-equity ratio was 3.14. On the profitability front, the trailing twelve-month gross margin is 32.80% percent. In the year ended June 29, EBITDA margin amounted to 18.19%, whereas operating margins totaled 14.00%. Based on annual data, WFRD earned $1.31 billion in gross profit and brought in $4.33 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 11.50%. Return on equity (ROE) for the past 12 months was 46.20%.
In Weatherford International plc’s quarter-end financial report for June 29, it reported total debt of $1.99 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. WFRD’s revenue rose 16.48% to $1.19 billion during the quarter, while net income inched up to $1.27 billion. While analysts expected Weatherford International plc to report $1.13 quarterly earnings, the actual figure was $1.12 per share, beating the consensus estimate by -0.90%. During the quarter, the company generated $282.0 million in EBITDA. The liabilities of Weatherford International plc were 3.98 billion at the end of its most recent quarter ended June 29, and its total debt was $2.19 billion. The value of shareholders’ equity is $72.08 million.
Technical Picture
This quick technical analysis looks at Weatherford International plc’s (WFRD) price momentum. With a historical volatility rate of 31.43%, the RSI 9-day stood at 41.76% on 21 September.
With respect to its five-day moving average, the current Weatherford International plc price is down by -4.80% percent or -$4.57. At present, WFRD shares trade +7.08% above its 20-day simple moving average and +40.21% percent above its 100-day simple moving average. However, the stock is currently trading approximately +22.28% above its SMA50 and +110.79% above its SMA200.
Stochastic coefficient K was 42.11% and Stochastic coefficient D was 63.57%, while ATR was 2.86. Given the Stochastic reading of 13.02% for the 14-day period, the RSI (14) reading has been calculated as 50.77%. As of today, the MACD Oscillator reading stands at -2.45, while the 14-day reading stands at -1.45.
Analyst Ratings
CapitalOne launched its rating on Weatherford International plc (NASDAQ: WFRD) to an Overweight in a note to investors on June 07, 2023. Weatherford International plc (WFRD) has been rated Buy by analysts. According to 0 brokerage firms, WFRD is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Weatherford International plc stock as buy, with 5 recommending it as overweight.
With a median target price of $110.50, the current consensus forecast for the stock is $100.00 – $127.00. Based on these forecasts, analysts predict Weatherford International plc (WFRD) will achieve an average price target of $110.83.
