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Encore Wire (WIRE-Q)
NASDAQ:WIRE
282.70
0.90
(0.32%) 1d
Financials
Technical Analysis
This summary was created by AI, based on 1 opinions in the last 12 months.
Encore Wire (WIRE-Q) has shown strong growth over the last decade, with consistent performance and a very strong 'beat' in the last quarter. Despite lower earnings expected this year, the company has no debt and a significant amount of cash and free cash flow. Insiders own 5% of the company and there has been some buying, indicating confidence in the stock. However, it is worth noting that the stock is cyclical and has a 12% short interest, but overall the current valuation appears attractive.
$161.000
Unknown
Has real earnings, but is a value trap
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Encore Wire(WIRE-Q) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 2
Encore Wire(WIRE-Q) Frequently Asked Questions
What is Encore Wire stock symbol?
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
Is Encore Wire a buy or a sell?
In the last year, 2 stock analysts published opinions about WIRE-Q. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Encore Wire.
Is Encore Wire a good investment or a top pick?
Encore Wire was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Encore Wire.
Why is Encore Wire stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Encore Wire worth watching?
2 stock analysts on Stockchase covered Encore Wire In the last year. It is a trending stock that is worth watching.
What is Encore Wire stock price?
On 2024-04-24, Encore Wire (WIRE-Q) stock closed at a price of $282.7.
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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