Walmart Inc (NYSE:WMT) saw an upside of 0.12% to $162.54 after adding $0.19 on Monday. The 5-day average trading volume is 4,076,835 shares of the company’s common stock. It has gained $164.71 in the past week and touched a new high 2 times within the past 5 days. An average of 5,338,358 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,369,257.
WMT’s 1-month performance is 3.60% or $4.50 on its low of $157.86 reached on 08/28/23. The company’s shares have touched a 52-week low of $128.07 and high of $165.85, with the stock’s rally to the 52-week high happening on 09/13/23. YTD, WMT has achieved 14.63% or $20.53 and has reached a new high 35 times. However, the current price is down -2.00% from the 52-week high price.
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Insider Transactions
WMT stock investors last saw insider trading activity on Sep 01.Rainey John D (Executive Vice President) most recently sold 1,000 shares at $161.37 per share on Sep 01. This transaction cost the insider $161,374. Executive Vice President, Rainey John D, sold 1,000 shares at a price of $159.48 on Aug 01. Then, on Jul 27, President and CEO McMillon C Douglas sold 9,708 shares at a price of $159.58 per share. This transaction amounted to $1,549,157.
Valuation Metrics
WMT stock has a beta of 0.49. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.69 while the price-to-book (PB) in the most recent quarter is 5.50, with the price to cash flow ratio at 22.76.
Walmart Inc’s quick ratio for the period ended July 30 was 0.26, with the current ratio over the same period at 0.83. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.69, while the total debt to equity was 0.81. In terms of profitability, the gross margin trailing 12 months is 24.20%. The trailing 12-month EBITDA margin is 5.80% while for the period ending July 30, Walmart Inc’s operating margin was 3.46%. The firm’s gross profit as reported stood at $147.57 billion against revenue of $611.29 billion.
Earnings Surprise
For the quarterly period ending July 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 34.75% to $7.89 billion, while revenue of $1.67 billion was 78.8% off the previous quarter. Analysts expected WMT to announce $1.6 per share in earnings in its latest quarter, but it posted $1.72, representing a 7.50% surprise. EBITDA for the quarter stood at more than $10.22 billion. WMT stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 169.79 billion, with total debt at $66.86 billion. Shareholders hold equity totaling $2.69 billion.
Let’s look briefly at Walmart Inc (WMT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 47.67% to suggest the stock is trending Neutral, with historical volatility in this time period at 7.99%.
The stock’s 5-day moving average is $162.78, reflecting a -0.67% or -$1.10 change from its current price. WMT is currently trading +2.85% above its 20-day SMA, +7.37% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +4.95% and SMA200 by+8.29%.
Stochastic %K and %D was 38.50% and 46.37% and the average true range (ATR) pointed at 1.67. The RSI (14) points at 52.21%, while the 14-day stochastic is at 40.57% with the period’s ATR at 1.76. The stock’s 9-day MACD Oscillator is pointing at -1.33 and -1.33 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Walmart Inc (NYSE: WMT), HSBC Securities launched coverage with a Buy rating. Analysts offering their rating for WMT stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate WMT as a “sell,”, while 6 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 5 rates the stock as overweight while 27 have offered a “buy” rating.
What is WMT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $163.00 and a high of $210.00, with their median price target at $179.50. Looking at these predictions, the average price target given by analysts is for Walmart Inc (WMT) stock is $178.92.
