At the end of the latest market close, Encore Wire Corporation (WIRE) was valued at $138.23. In that particular session, Stock kicked-off at the price of $132.59 while reaching the peak value of $134.32 and lowest value recorded on the day was $120.585. The stock current value is $120.78.Recently in News on July 25, 2022, Encore Wire Reports Second Quarter Results; Increased Gross Profit Margins; Highlights Share Repurchases During 2022. Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced results for the second quarter of 2022. You can read further details here
Encore Wire Corporation had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $146.83 on 06/07/22, with the lowest value was $94.39 for the same time period, recorded on 07/06/22.
Encore Wire Corporation (WIRE) full year performance was 54.13%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Encore Wire Corporation shares are logging -20.35% during the 52-week period from high price, and 54.89% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $77.98 and $151.64.
The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 746155 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Encore Wire Corporation (WIRE) recorded performance in the market was -15.60%, having the revenues showcasing 2.88% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 2.19B, as it employees total of 1440 workers.
Specialists analysis on Encore Wire Corporation (WIRE)
During the last month, 0 analysts gave the Encore Wire Corporation a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 118.11, with a change in the price was noted -1.72. In a similar fashion, Encore Wire Corporation posted a movement of -1.40% for the period of last 100 days, recording 249,023 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for WIRE is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Trends and Technical analysis: Encore Wire Corporation (WIRE)
Raw Stochastic average of Encore Wire Corporation in the period of last 50 days is set at 50.33%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 55.88%. In the last 20 days, the company’s Stochastic %K was 80.68% and its Stochastic %D was recorded 89.63%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -15.60%. Additionally, trading for the stock in the period of the last six months notably improved by 7.18%, alongside a boost of 54.13% for the period of the last 12 months. The shares increased approximately by -1.40% in the 7-day charts and went down by 18.28% in the period of the last 30 days. Common stock shares were driven by 2.88% during last recorded quarter.