Westrock Coffee Company (NASDAQ:WEST) Projected To Shrink By -94.9% Or More

In last trading session, Westrock Coffee Company (NASDAQ:WEST) saw 0.25 million shares changing hands with its beta currently measuring 0.40. Company’s recent per share price level of $6.67 trading at -$0.07 or -1.04% at ring of the bell on the day assigns it a market valuation of $589.96M. That closing price of WEST’s stock is at a discount of -68.07% from its 52-week high price of $11.21 and is indicating a premium of 5.55% from its 52-week low price of $6.30. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.51 million shares which gives us an average trading volume of 286.89K if we extend that period to 3-months.

For Westrock Coffee Company (WEST), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.04 in the current quarter.

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Westrock Coffee Company (NASDAQ:WEST) trade information

Upright in the red during last session for losing -1.04%, in the last five days WEST remained trading in the red while hitting it’s week-highest on Monday, 09/23/24 when the stock touched $6.67 price level, adding 6.84% to its value on the day. Westrock Coffee Company’s shares saw a change of -34.67% in year-to-date performance and have moved -0.60% in past 5-day. Westrock Coffee Company (NASDAQ:WEST) showed a performance of -23.07% in past 30-days. Number of shares sold short was 5.97 million shares which calculate 17.68 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 13.5 to the stock, which implies a rise of 50.59% to its current value. Analysts have been projecting 13 as a low price target for the stock while placing it at a high target of 14. It follows that stock’s current price would drop -94.9% in reaching the projected high whereas dropping to the targeted low would mean a loss of -94.9% for stock’s current value.

Westrock Coffee Company (WEST) estimates and forecasts

Statistics highlight that Westrock Coffee Company is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -35.43% of value to its shares in past 6 months, showing an annual growth rate of 53.49% while that of industry is 20.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 4.10% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 242.96M for the same. And 4 analysts are in estimates of company making revenue of 256.59M in the next quarter. Company posted 219.61M and 214.97M of sales in current and next quarters respectively a year earlier.

Westrock Coffee Company (NASDAQ:WEST)’s Major holders

Insiders are in possession of 56.30% of company’s total shares while institution are holding 40.69 percent of that, with stock having share float percentage of 93.12%. Investors also watch the number of corporate investors in a company very closely, which is 40.69% institutions for Westrock Coffee Company that are currently holding shares of the company.