Westrock Coffee Company (NASDAQ:WEST) has a beta value of 0.38 and has seen 0.44 million shares traded in the recent trading session. The company, currently valued at $588.10M, closed the recent trade at $6.65 per share which meant it gained $0.29 on the day or 4.54% during that session. The WEST stock price is -68.57% off its 52-week high price of $11.21 and 20.6% above the 52-week low of $5.28. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.51 million shares traded. The 3-month trading volume is 334.19K shares.
The consensus among analysts is that Westrock Coffee Company (WEST) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.06.
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Westrock Coffee Company (NASDAQ:WEST) trade information
Sporting 4.54% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the WEST stock price touched $6.65 or saw a rise of 6.07%. Year-to-date, Westrock Coffee Company shares have moved -34.88%, while the 5-day performance has seen it change 16.75%. Over the past 30 days, the shares of Westrock Coffee Company (NASDAQ:WEST) have changed -2.44%. Short interest in the company has seen 6.02 million shares shorted with days to cover at 13.49.
Wall Street analysts have a consensus price target for the stock at $13, which means that the shares’ value could jump 48.85% from the levels at last check today. The projected low price target is $10.0 while the price target rests at a high of $14.0. In that case, then, we find that the latest price level in today’s session is -110.53% off the targeted high while a plunge would see the stock gain -50.38% from the levels at last check today.
Westrock Coffee Company (WEST) estimates and forecasts
Figures show that Westrock Coffee Company shares have outperformed across the wider relevant industry. The company’s shares have lost -33.64% over the past 6 months, with this year growth rate of 53.49%, compared to 16.60% for the industry. Revenue growth from the last financial year stood is estimated to be 4.10%.
4 analysts offering their estimates for the company have set an average revenue estimate of 242.96M for the current quarter. 4 have an estimated revenue figure of 256.59M for the next ending quarter. Year-ago sales stood 219.61M and 214.97M respectively for this quarter and the next, and analysts expect sales will grow by 10.60% for the current quarter and 4.10% for the next.
WEST Dividends
Westrock Coffee Company is expected to release its next earnings report on 2024-Nov-07 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Westrock Coffee Company (NASDAQ:WEST)’s Major holders
Insiders own 56.36% of the company shares, while shares held by institutions stand at 40.53% with a share float percentage of 92.88%. Investors are also buoyed by the number of investors in a company, with Westrock Coffee Company having a total of 147.0 institutions that hold shares in the company.
Also the top two Mutual Funds that are holding company’s shares are Longleaf Partners Small-Cap Fund and Variable Insurance Products Fund III-Mid-Cap Portfolio. As of Jun 30, 2024, the former fund manager holds about 5.65% shares in the company for having 4.99 shares of worth $33.14 million while later fund manager owns 1.5 shares of worth $9.96 million as of Aug 31, 2024, which makes it owner of about 1.70% of company’s outstanding stock.
