WSC Price Prediction Next Week
Analysis and Insights
To predict the stock price of WillScot Mobile Mini Holdings (WSC) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
WSC's stock price is currently at $29.04, showing a 3.46% increase during regular market hours today. The stock is trading near its Fibonacci support level of $28.59, with resistance at $34.74. The RSI_6 is at 9.56, indicating an oversold condition, which may trigger a short-term rebound.
News Sentiment and Insider Activity:
Recent insider activity shows negative sentiment, with 52 insiders selling shares, including a significant sale by the CIO. However, analysts maintain a Strong Buy consensus with a price target of $43.50, though Barclays has a Hold rating with a $40 target.
Options Activity:
High options trading volume, particularly for the $27.50 strike put option, indicates bearish sentiment. The Put/Call Ratio of 1.92 reflects this bearishness ahead of earnings on May 1st.
Prediction and Recommendation:
Given the oversold condition and potential short-term rebound, the stock may rise to $31. However, considering bearish indicators and insider selling, the overall trend remains bearish.
Prediction: $31.00
Recommendation: Sell
WSC Similar Chart Price Prediction
The price of WSC is predicted to go up -1.65%, based on the high correlation periods with FND. The similarity of these two price pattern on the periods is 97.82%.
WSC
FND
Down: -1.65%Similarity: 97.82%
WSC Revenue Forecast
WSC EPS Forecast
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WSC Analyst's Forecast
Angel Castillo
Morgan Stanley
Hold → Buy
2024-12-17
Price Target
$40 → $50
Upside
+37.06%
Morgan Stanley upgraded WillScot to Overweight from Equal Weight with a price target of $50, up from $40. The firm also upgraded its Machinery industry view to Attractive as it expects 2025 to "offer clarity on key equipment cycles, warranting higher beta." Machinery equipment cycles may be approaching a trough, the analyst tells investors in a research note. Morgan Stanley believes improved cycle visibility warrants adding some incremental beta to one's portfolio. However, with macro and geopolitical uncertainty still abound, risk remains elevated, so the choices for higher beta are names that "represent the more de-risked and attractive fundamental stories" where value can be unlocked in the coming year," contends Morgan Stanley.
Manav Patnaik
Barclays
Hold
2024-11-01
Price Target
$44 → $40
Upside
+9.47%
Faiza Alwy
Deutsche Bank
Strong Buy → Hold
2024-10-31
Price Target
$46 → $35
Upside
+5.61%
