Westlake Corporation (NYSE:WLK) shares, rose in value on Friday, March 07, with the stock price up by 1.02% to the previous day’s close as strong demand from buyers drove the stock to $111.88.
Actively observing the price movement in the last trading, the stock closed the session at $110.75. The PE ratio was 24.18 over 12-month period. Referring to stock’s 52-week performance, its high was $162.64, and the low was $104.74. On the whole, WLK has fluctuated by 1.96% over the past month.
With the market capitalization of Westlake Corporation currently standing at about $14.35 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 2.58, with its dividend yield at 2.30%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 12.47B, with a low estimate of 2.6B and a high estimate of 3.31B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.01B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WLK’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.05, with the price of WLK currently trading nearly 0.27% and -1.31% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.33, while the 7-day volatility ratio is showing 3.41% which for the 30-day chart, stands at 2.87%. Furthermore, Westlake Corporation (WLK)’s beta value is 0.98, and its average true range (ATR) is 3.40.
A comparison of Westlake Corporation (WLK) with its peers suggests the former has fared considerably weaker in the market. WLK showed an intraday change of 1.02% in last session, and over the past year, it shrunk by -20.06%%.
Data on historical trading for Westlake Corporation (NYSE:WLK) indicates that the trading volumes over the past 3 months, they’ve averaged 617.92K. According to company’s latest data on outstanding shares, there are 128.23 million shares outstanding.
Nearly 74.03% of Westlake Corporation’s shares belong to company insiders and institutional investors own 27.94% of the company’s shares. The stock has fallen by -2.42% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WLK stock heading into the next quarter.
