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Encore Wire Corporation is an electrical equipment & parts business based in the US. Encore Wire Corporation shares (WIRE) are listed on the NASDAQ and all prices are listed in US Dollars. Encore Wire Corporation employs 1,380 staff and has a trailing 12-month revenue of around USD$1.2 billion.
|Latest market close||USD$60.57|
|52-week range||USD$37.9781 - USD$60.43|
|50-day moving average||USD$54.3059|
|200-day moving average||USD$50.4046|
|Wall St. target price||USD$59|
|Dividend yield||USD$0.08 (0.14%)|
|Earnings per share (TTM)||USD$3.006|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2021-01-05)||1.73%|
|1 month (2020-12-11)||7.28%|
|3 months (2020-10-12)||21.87%|
|6 months (2020-07-11)||N/A|
|1 year (2020-01-11)||N/A|
|2 years (2019-01-11)||17.18%|
|3 years (2018-01-12)||18.88%|
|5 years (2016-01-12)||74.55%|
Valuing Encore Wire Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Encore Wire Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Encore Wire Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 20x. In other words, Encore Wire Corporation shares trade at around 20x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Encore Wire Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.09. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Encore Wire Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Encore Wire Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$97.9 million.
The EBITDA is a measure of a Encore Wire Corporation's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$1.2 billion|
|Operating margin TTM||6.61%|
|Gross profit TTM||USD$166 million|
|Return on assets TTM||5.46%|
|Return on equity TTM||7.9%|
|Market capitalisation||USD$1.2 billion|
TTM: trailing 12 months
There are currently 410,417 Encore Wire Corporation shares held short by investors – that's known as Encore Wire Corporation's "short interest". This figure is 4.6% down from 430,308 last month.
There are a few different ways that this level of interest in shorting Encore Wire Corporation shares can be evaluated.
Encore Wire Corporation's "short interest ratio" (SIR) is the quantity of Encore Wire Corporation shares currently shorted divided by the average quantity of Encore Wire Corporation shares traded daily (recently around 145023.67491166). Encore Wire Corporation's SIR currently stands at 2.83. In other words for every 100,000 Encore Wire Corporation shares traded daily on the market, roughly 2830 shares are currently held short.
However Encore Wire Corporation's short interest can also be evaluated against the total number of Encore Wire Corporation shares, or, against the total number of tradable Encore Wire Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Encore Wire Corporation's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Encore Wire Corporation shares in existence, roughly 20 shares are currently held short) or 0.0215% of the tradable shares (for every 100,000 tradable Encore Wire Corporation shares, roughly 22 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Encore Wire Corporation.
Find out more about how you can short Encore Wire Corporation stock.
Dividend payout ratio: 2.66% of net profits
Recently Encore Wire Corporation has paid out, on average, around 2.66% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.14% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Encore Wire Corporation shareholders could enjoy a 0.14% return on their shares, in the form of dividend payments. In Encore Wire Corporation's case, that would currently equate to about $0.08 per share.
While Encore Wire Corporation's payout ratio might seem low, this can signify that Encore Wire Corporation is investing more in its future growth.
Encore Wire Corporation's most recent dividend payout was on 15 January 2021. The latest dividend was paid out to all shareholders who bought their shares by 30 December 2020 (the "ex-dividend date").
Encore Wire Corporation's shares were split on a 3:2 basis on 17 August 2004. So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your Encore Wire Corporation shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for Encore Wire Corporation shares which in turn could have impacted Encore Wire Corporation's share price.
Over the last 12 months, Encore Wire Corporation's shares have ranged in value from as little as $37.9781 up to $60.43. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Encore Wire Corporation's is 1.0803. This would suggest that Encore Wire Corporation's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Encore Wire Corporation manufactures and sells electrical building wires and cables for interior electrical wiring in the United States. Its products include NM-B cables for use as interior wiring in homes, apartments, and manufactured housing; THHN/THWN-2 cables that are metal-clad and armored cables for use as wiring in commercial and industrial buildings; UF-B cables; XHHW-2 cables; RHH/RHW-2 cables; and other types of wire products. The company sells its products to wholesale electrical distributors primarily through independent manufacturers' representatives. Encore Wire Corporation was founded in 1989 and is headquartered in McKinney, Texas.
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