During the last session, Welbilt Inc. (NYSE:WBT)’s traded shares were 0.56 million, with the beta value of the company hitting 2.46. At the end of the trading day, the stock’s price was $23.55, reflecting an intraday loss of -0.08% or -$0.02. The 52-week high for the WBT share is $25.19, that puts it down -6.96 from that peak though still a striking 75.16% gain since the share price plummeted to a 52-week low of $5.85. The company’s market capitalization is $3.35B, and the average intraday trading volume over the past 10 days was 1.26 million shares, and the average trade volume was 1.99 million shares over the past three months.
Welbilt Inc. (NYSE:WBT) trade information
Welbilt Inc. (WBT) registered a -0.08% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.08% in intraday trading to $23.55 this Friday, 09/03/21, hitting a weekly high. The stock’s 5-day price performance is 0.60%, and it has moved by 1.42% in 30 days. Based on these gigs, the overall price performance for the year is 228.45%. The short interest in Welbilt Inc. (NYSE:WBT) is 11.87 million shares and it means that shorts have 4.75 day(s) to cover.
The consensus price target of analysts on Wall Street is $24.00, which implies an increase of 1.87% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $24.00 and $24.00 respectively. As a result, WBT is trading at a discount of -1.91% off the target high and -1.91% off the low.
Welbilt Inc. (WBT) estimates and forecasts
Statistics show that Welbilt Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Welbilt Inc. (WBT) shares have gone up 44.39% during the last six months, with a year-to-date growth rate more than the industry average at 293.75% against 27.20. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 285.70% this quarter and then jump 171.40% in the quarter after that. In the rating firms’ projections, revenue will increase 29.20% compared to the previous financial year.
Revenue for the current quarter is expected to be $352.7 million as predicted by 7 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $401.12 million by the end of Sep 2021.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -15.40%. While earnings are projected to return -113.20% in 2021.
Welbilt Inc. is due to release its next quarterly earnings on May 06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Welbilt Inc. (NYSE:WBT)’s Major holders
Welbilt Inc. insiders own 0.47% of total outstanding shares while institutional holders control 91.87%, with the float percentage being 92.30%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 301 institutions own stock in it. As of Jun 29, 2021, the company held over 11.82 million shares (or 8.31% of all shares), a total value of $273.54 million in shares.
The next largest institutional holding, with 11.15 million shares, is of Icahn, Carl, C.’s that is approximately 7.84% of outstanding shares. At the market price on Jun 29, 2021, these shares were valued at $258.13 million.
Also, the Mutual Funds coming in first place with the largest holdings of Welbilt Inc. (WBT) shares are Vanguard Total Stock Market Index Fund and Invesco Small Cap Growth Fund. Data provided on Mar 30, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 3.58 million shares. This amounts to just over 2.52 percent of the company’s overall shares, with a $58.18 million market value. The same data shows that the other fund manager holds slightly less at 3.16 million, or about 2.22% of the stock, which is worth about $51.33 million.