Wesco Aircraft Holdings, Inc. (NYSE:WAIR) is in the list of top stocks to avoid today as the company shares are trading 3.21% or 0.36 points down from last closing price of $11.21, reaching $10.85 at last check. The WAIR share price has dropped in 3 of the last 5 days and is up 40.3% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -462,566 shares, and in total 453334 shares valued at $4.919 million were seen changing hands compared with 915900 shares valued at $10.267 million recorded at the previous session. You should take into consideration that a falling volume on lower prices shows the bearish trend but this is an early indication which means that the WAIR stock is near its bottom.
Wesco Aircraft Holdings, Inc. (WAIR) shares have notched a 3-month gain of about 40.3%, but has still advanced 41.9% year to date. By comparison, the stock sank -3.78% over the past 12 months, while it jumped 12.32% over the 1 month. The company’s market cap is around $1.1B, with its short interest ratio standing at 2.19%.
In the current trading session for WAIR, the stock witnessed two major price actions, it rose to a high of $11.13 and was down as much as $10.75 at one point. The high recorded is very low when compared to their 52-week high which is $7.38. The 52-week high is now at -23.73 distance from current price. Their recent low of $14.23 represents a 47.02% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for WAIR is $10.1, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Wesco Aircraft Holdings, Inc. earned $0.04 per share in the trailing 12 months and has a P/E ratio of 271.25. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is higher than the ones recorded by the industry which is 34.32 and higher compared to the sector’s average of 23. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. WAIR also has P/S multiple of 0.65. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 2x.
The company recorded an interesting insider purchase transaction by the Major Shareholder on Mar 05, 2018. A Securities and Exchanges Commission filings show that Makaira Partners Llc bought a total of 14,210 WAIR shares that day for a sum of around $130,874. Wesco Aircraft Holdings, Inc. (WAIR) insiders have acquired no shares in the stock within the past three months. In total, individual insiders traded no shares in the business, which makes up 0% of 113,995 shares that were traded over a year. In the past 12 months, insiders have purchased 67,012 shares while the seller parted with 46,983 shares.
WAIR‘s last price was up 15.09% as compared to the average trading price of 50 days recorded at $9.43 while enlarging the period to 200 trading days, the average closing price was $9.43. At present, there are 98.33 million in the total number of common shares owned by the public and among those 64.9 million shares have been available to trade. The percentage of shares being held by the company management was 0.3% while institutions stake was 89.8%. The company has generated positive returns on equity over the last 12 months (5.2%). It managed to keep its gross profit margin at 25% over the past 12 months.
When assessing the full upside of the WAIR stock, there is another set of technicals that should be looked into and considered. Its 5.43% gain from moving average of $10.29 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 0.38 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Wesco Aircraft Holdings, Inc. — 0 analysts rate the stock as a buy with another 0 rating it strong buy. There are 1 analysts who maintain a hold rating for the stock, with 1 giving it a sell rating. Analysts arrived at a 12-month price target of $10 on shares of Wesco Aircraft Holdings, Inc. (NYSE:WAIR), which corresponds to 7.83% downside potential than its current market price of $10.85 and implies potential despite the recent drop in the price. However, their current target price has fallen from $10 a month ago and is down handily from the consensus target of $10.3333 a quarter ago.
In the last five years, the EPS of the company has been roughly -16.8%. Though the percentage looks disappointing, extra headwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will decrease annually by -11.82%. The revenue of the company has risen at an average annualized rate of about 11.7 over the last five years. The company recently recorded an increase of 9.3%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards WAIR stock. Marshall Wace LLP added position in the company after it grew 50% or 338,047 shares of its common stock. The hedge fund now owns 507,070 shares worth $5,501,710, SEC documents show. Metropolitan Life Insurance Co NY cut assets in the stock as 19220.44 shares have been sold, reducing its stake by -12.9% to 16,741 shares which are currently valued at $181,640. In addition, FMR LLC recently reported that it now owns 2,127,400 shares making a total of $23,082,290 based on the recent price. This refelects a change of -2736.5% in their ownership.