Weatherford International plc [NASDAQ: WFRD] traded at a low on Thursday, posting a -0.72 loss after which it closed the day’ session at $41.44.
The results of the trading session contributed to over 3335616 shares changing hands. Over the past one week, the price volatility of Weatherford International plc stands at 6.60% while the volatility over the past one month is 8.40%.
The market cap for WFRD stock reached $3.02 billion, with 72.60 million shares outstanding and 71.30 million shares in the current float. Compared to the average trading volume of 1.56M shares, WFRD reached a trading volume of 3335616 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Weatherford International plc [WFRD]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WFRD shares is $77.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WFRD stock is a recommendation set at 2.00. 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.
Raymond James have made an estimate for Weatherford International plc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on Apr-25-25. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Neutral. The new note on the price target was released on December 19, 2024, representing the official price target for Weatherford International plc stock. Previously, the target price had yet another drop from $132 to $98, while Goldman kept a Neutral rating on WFRD stock.
The Average True Range (ATR) for Weatherford International plc is set at 3.45, with the Price to Sales ratio for WFRD stock in the period of the last 12 months amounting to 0.56. The Price to Book ratio for the last quarter was 2.23, with the Price to Cash per share for the same quarter was set at 12.77. Price to Free Cash Flow for WFRD in the course of the last twelve months was 6.21 with Quick ratio for the last quarter at 1.52.
How has WFRD stock performed recently?
Weatherford International plc [WFRD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.42. With this latest performance, WFRD shares dropped by -24.41% in over the last four-week period, additionally sinking by -51.09% over the last 6 months – not to mention a drop of -64.00% 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 WFRD stock in for the last two-week period is set at 38.46, with the RSI for the last a single of trading hit 38.37, and the three-weeks RSI is set at 38.23 for Weatherford International plc [WFRD]. The present Moving Average for the last 50 days of trading for this stock 53.83, while it was recorded at 43.82 for the last single week of trading, and 80.44 for the last 200 days.
Weatherford International plc [WFRD]: Deeper insight into the fundamentals
Weatherford International plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.52 and a Current Ratio set at 2.08.
Earnings analysis for Weatherford International plc [WFRD]
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 WFRD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Weatherford International plc go to 0.45%.
Insider trade positions for Weatherford International plc [WFRD]
There are presently around $100.07%, or 102.04%% of WFRD stock, in the hands of institutional investors. The top three institutional holders of WFRD stocks are: VANGUARD GROUP INC with ownership of 7.42 million shares, which is approximately 10.1382%. PRICE T ROWE ASSOCIATES INC /MD/, holding 7.38 million shares of the stock with an approximate value of $$903.74 million in WFRD stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $$898.38 million in WFRD stock with ownership which is approximately 10.0228%.
