Westlake Corporation [NYSE: WLK] gained 0.24% on the last trading session, reaching $153.22 price per share at the time.
If compared to the average trading volume of 431.61K shares, WLK reached a trading volume of 582984 in the most recent trading day, which is why market watchdogs consider the stock to be active.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Here is what top equities market gurus are saying about Westlake Corporation [WLK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WLK shares is $161.76 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WLK stock is a recommendation set at 2.58. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Deutsche Bank have made an estimate for Westlake Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 18, 2024. The new note on the price target was released on April 08, 2024, representing the official price target for Westlake Corporation stock. On October 18, 2023, analysts decreased their price target for WLK shares from 142 to 129.
The Average True Range (ATR) for Westlake Corporation is set at 3.61, with the Price to Sales ratio for WLK stock in the period of the last 12 months amounting to 1.62. The Price to Book ratio for the last quarter was 1.91, with the Price to Cash per share for the same quarter was set at 24.17. Price to Free Cash Flow for WLK in the course of the last twelve months was 20.65 with Quick ratio for the last quarter at 1.83.
Trading performance analysis for WLK stock
Westlake Corporation [WLK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.69. With this latest performance, WLK shares dropped by -2.53% in over the last four-week period, additionally plugging by 20.74% over the last 6 months – not to mention a rise of 32.06% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WLK stock in for the last two-week period is set at 46.53, with the RSI for the last a single of trading hit 44.49, and the three-weeks RSI is set at 48.50 for Westlake Corporation [WLK]. The present Moving Average for the last 50 days of trading for this stock 154.54, while it was recorded at 152.29 for the last single week of trading, and 138.39 for the last 200 days.
Westlake Corporation [WLK]: A deeper dive into fundamental analysis
Westlake Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.83 and a Current Ratio set at 2.46.
Westlake Corporation [WLK]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WLK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Westlake Corporation go to -1.50%.
An analysis of Institutional ownership at Westlake Corporation [WLK]
The top three institutional holders of WLK stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in WLK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in WLK stock with ownership which is approximately 5.8386%.
