Walmart Inc (NYSE:WMT) finished Wednesday with a subtraction of -$0.78 to close at $161.72, a downside of -0.48 percent. An average of 4,840,660 shares of common stock have been traded in the last five days. There was a fall of -$2.19 in the past week, and it reached a new high 37 times over the past 12 months. The last 20 days have seen an average of 5,522,175 shares traded, while the 50-day average volume stands at 5,449,432.
WMT stock has increased by 1.89% in the last month. The company shares reached their 1-month lowest point of $157.86 on 08/28/23. With the stock rallying to its 52-week high on 09/13/23, shares of the company touched a low of $128.07 and a high of $165.85 in 52 weeks. It has reached a new high 35 times so far this year and achieved 14.06% or $19.93 in price. In spite of this, the price is down -2.49% from the 52-week high.
Insider Transactions
WMT stock investors should be aware that Walmart Inc (WMT) stock had its last reported insider trading activity 27 days ago on Sep 01. In this transaction, the insider spent $161,374. Executive Vice President, Rainey John D, disposed of 1,000 shares at a price of $159.48 on Aug 01. The insider now owns more than $159,477 worth of shares. Prior to that, President and CEO McMillon C Douglas went on to Sale 9,708 shares at $159.58 each on Jul 27. An amount of $1,549,157 was transacted.
Valuation Metrics
Walmart Inc (WMT) has a trailing price-to-earnings (P/E) ratio of 31.14. The stock’s beta is 0.49. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.69, the price-to-book (PB) ratio at 5.47, and the price-to-cash flow ratio at 22.65.
Financial Health
The quick ratio of Walmart Inc for the three months ended July 30 was 0.26, and the current ratio was 0.83, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.69 and a total debt to equity ratio of 0.81 for the quarter ending July 30. Its gross profit as reported stood at $147.57 billion compared to revenue of $611.29 billion.
Earnings Surprise
For the three-month period that ended July 30, Walmart Inc had $36.81 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $7.89 billion in the quarter, while revenues of $1.67 billion were grew 34.75%. The analyst consensus anticipated Walmart Inc’s latest quarter earnings to come in at $1.61 per share, but it turned out to be $1.74, a 8.10% surprise. For the quarter, EBITDA amounted to $10.22 billion. Shareholders own equity worth $2.69 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Walmart Inc (WMT) price momentum. RSI 9-day as of the close on 27 September was 43.38%, suggesting the stock is Neutral, with historical volatility in this time frame at 7.94%.
As of today, WMT’s price is $162.31 -1.34% or -$2.19 from its 5-day moving average. WMT is currently trading +1.04% higher than its 20-day SMA and +7.48% higher than its 100-day SMA. However, the stock’s current price level is +4.63% above the SMA50 and +8.70% above the SMA200.
The stochastic %K and %D were 34.03% and 38.63%, respectively, and the average true range (ATR) was 1.71. With the 14-day stochastic at 25.72% and the average true range at 1.77, the RSI (14) stands at 48.99%. The stock has reached -0.56 on the 9-day MACD Oscillator while the 14-day reading was at -1.09.
Analyst Ratings
HSBC Securities launched coverage on Walmart Inc (NYSE: WMT) in its analyst report released on September 22, 2023. The firm assigned the stock a Buy rating. The consensus rating for Walmart Inc (WMT) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell WMT, while 6 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 5 analysts, while 27 others rate it as a “buy”.
What is WMT’s price target for the next 12 months?
Analysts predict a range of price targets between $163.00 and $210.00, with a median target of $179.50. Taking a look at these predictions, the average price target given by analysts for Walmart Inc (WMT) stock is $178.95.
