Encore Wire is a American stock, trading under the symbol WIRE-Q on the NASDAQ (WIRE). It is usually referred to as NASDAQ:WIRE or WIRE-Q
In the last year, there was no coverage of Encore Wire published on Stockchase.
Encore Wire was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Encore Wire.
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0 stock analysts on Stockchase covered Encore Wire In the last year. It is a trending stock that is worth watching.
On 2024-07-01, Encore Wire (WIRE-Q) stock closed at a price of $289.9.
WIRE is still up 17% YTD and 51% over 52 weeks.
It is cheap at 7X earnings but lower earnings are expected this year. It has no debt and $730M cash.
Free cash flow is nice $540M last year). Insiders own 5% and there has been some buying.
The last quarter was a very strong 'beat' and it has shown pretty consistent growth over the last decade.
It is cyclical, and there is a 12% short interest, but we like what we see here at the current valuation.
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