Shares of Washington Prime Group Inc. (NYSE:WPG) recorded -5.69% loss during trading session on April 16th, 2019. The script traded as low as $4.69 and last traded at $4.81. 8.43 million shares changed exchanged hands during trading, a drop of -283.18% from the 30-day average session volume of 2.20M shares. The firm had previously closed at $5.10. The company has $185.79M outstanding shares, a price-to-earnings ratio of 16.64, price-to-earnings-growth ratio of 1.24and a beta of 1.11. The company has a RSI of 26.36, ATR of 0.18 and a volatility of 4.31% this week. WPG has a 52 week low price of $4.63 and a 52 week high price of $8.44.
Investors have identified the tech company Washington Prime Group Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 893.65M, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Washington Prime Group Inc. (WPG) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For WPG, the company has in raw cash 2.28 billion on their books with 456.92 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 0 total, with 0 as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
WPG were able to record 133.4 million as free cash flow during the recently reported quarter of the year, this saw their quarterly net cash flow reduce by 9.12 million. In cash movements, the company had a total of 287.25 million as operating cash flow.
Potential earnings growth for Washington Prime Group Inc. (WPG)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Washington Prime Group Inc. recorded a total of 184.32 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -0.02% coming in sequential stages and their sales for the third quarter increasing by 0.02%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 135.19 million trying to sell their products during the last quarter, with the result yielding a gross income of 49.13 million. This allows shareholders to hold on to 185.79M with the revenue now reading 300 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.29 cents a share).
Is the stock of WPG attractive?
Having a look at the company’s valuation, the company is expected to record 1.17 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on WPG sounds very interesting.
In related news, SVP, Head of Leasing Lindimore Joshua sold 5,116 shares of the company’s stock in a transaction that recorded on February 26th, 2019. The sale was performed at an average price of 5.75, for a total value of 29,415. As the sale deal closes, the EVP, GC, and Corp. Secretary Lindimore Joshua now sold 11,747 shares of the company’s stock, valued at 67,458. Also, Chief Executive Officer CONFORTI LOUIS G bought 20,747 shares of the company’s stock in a deal that was recorded on December 20th, 2019. The shares were bought at an average price of 4.81 per share, with a total market value of 192,605. Following this completion of acquisition, the Director now holds 25,000 shares of the company’s stock, valued at 120,875. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.50%.
0 out of 2 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Washington Prime Group Inc. stock. 0 analysts has assigned a Sell rating on the WPG stock. The 12-month mean consensus price target for the company’s shares has been set at $4.55.