During the last session, Westrock Coffee Company (NASDAQ:WEST)’s traded shares were 0.32 million, with the beta value of the company hitting 0.38. At the end of the trading day, the stock’s price was $6.73, reflecting an intraday gain of 1.36% or $0.09. The 52-week high for the WEST share is $11.21, that puts it down -66.57 from that peak though still a striking 21.55% gain since the share price plummeted to a 52-week low of $5.28. The company’s market capitalization is $595.24M, and the average intraday trading volume over the past 10 days was 0.26 million shares, and the average trade volume was 370.87K shares over the past three months.
Westrock Coffee Company (WEST) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. WEST has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.06.
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Westrock Coffee Company (NASDAQ:WEST) trade information
Westrock Coffee Company (WEST) registered a 1.36% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.36% in intraday trading to $6.73, hitting a weekly high. The stock’s 5-day price performance is -1.03%, and it has moved by 9.52% in 30 days. Based on these gigs, the overall price performance for the year is -15.77%. The short interest in Westrock Coffee Company (NASDAQ:WEST) is 4.88 million shares and it means that shorts have 9.57 day(s) to cover.
The consensus price target of analysts on Wall Street is $13, which implies an increase of 48.23% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10 and $14 respectively. As a result, WEST is trading at a discount of -108.02% off the target high and -48.59% off the low.
Westrock Coffee Company (WEST) estimates and forecasts
Statistics show that Westrock Coffee Company has outperformed its competitors in share price, compared to the industry in which it operates. Westrock Coffee Company (WEST) shares have gone down -36.03% during the last six months, with a year-to-date growth rate more than the industry average at 53.49% against 16.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -140.00% this quarter and then jump 82.60% in the quarter after that. In the rating firms’ projections, revenue will increase 3.10% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 238.37M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 252.57M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 219.61M and 214.97M respectively. In this case, analysts expect current quarter sales to grow by 8.50% and then jump by 17.50% in the coming quarter.
While earnings are projected to return -84.62% in 2024.
WEST Dividends
Westrock Coffee Company is due to release its next quarterly earnings on 2024-Nov-07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Westrock Coffee Company (NASDAQ:WEST)’s Major holders
Westrock Coffee Company insiders own 53.41% of total outstanding shares while institutional holders control 38.32%, with the float percentage being 82.25%.
