How have the shares performed?
Weatherford International plc (WFRD) saw an uptrend of 11.18% in the recent trading with $17.50 being its most recent. The current price level 3.06% lower than the highest price of $16.98 marked by the stock while trading over the past 52-weeks, whereas it is 1235.88% higher than the lowest price of $1.31 the company dropped to over past 52-weeks.
Squeezing the time span to 30 day period shows us the stock is currently trading -1.85% below one month high and is +59.09% above of the lowest during that time. Looking into the simple moving average, Weatherford International plc (WFRD)’s stock stands at a SMA-50 of $11.96 while that of 5-day is reading $15.77.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and WFRD’s SMA-200 as of now is $7.39.
Weatherford International plc Earnings – What Happened With WFRD
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Weatherford International plc (WFRD) last released financial results for the quarter that ended 12/30/2020, posting a surprise factor of -18.10% for net revenue. During the reported three-month period, company’s sales were $832.0 million.
WFRD – Weatherford International plc Stock Earnings Estimates
The perspective of Weatherford International plc (NASDAQ:WFRD)’s current quarter earnings identifies that analysts are in consensus over the estimate of -1.38 for stock’s EPS in the current quarter. 1 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was -1.63.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 70.00 million.
Weatherford International plc – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 0 new insider purchases involving 0 shares. On the other hand, WFRD declared 0 shares have been sold in 0 insider transactions over the past three months.
As on Mar 30, 2021, American National Insurance Company, Inc. was the top most holder in Weatherford International plc (NASDAQ:WFRD) with an ownership of 73566.0 shares of the company or 0.01% of the stake worth $0.94 million.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Weatherford International plc was 2.33 while posting a debt to equity ratio of 3.32. The count was 306.28 for long-term debt to equity ratio.
Weatherford International plc’s return on equity, or ROE, is -105.80%, compared to the industry average of -3.28% for Energy – Oil & Gas Equipment & Services. Although this indicates that WFRD fails to use its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of Weatherford International plc (NASDAQ:WFRD) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Weatherford International plc (WFRD), we notice that the stock’s 20-day average volume is at 331,240 shares and 100% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 188,638 shares. And to end, WFRD’s 100-day average volume is 180,477 shares with 100% of the long-term indicators pointing towards Buy for the stock.