While Westrock Coffee Company has overperformed by 3.30%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WEST fell by -20.07%, with highs and lows ranging from $11.21 to $5.28, whereas the simple moving average fell by -30.91% in the last 200 days.
On October 07, 2024, Truist started tracking Westrock Coffee Company (NASDAQ: WEST) recommending Buy. A report published by Craig Hallum on September 23, 2024, Initiated its previous ‘Buy’ rating for WEST. Telsey Advisory Group also reiterated WEST shares as ‘Outperform’, quoting a target price of $14 on the company’s shares in a report dated May 10, 2024. Telsey Advisory Group Reiterated the rating as Outperform on February 16, 2024, but set its price target from $11 to $13. Stifel initiated its ‘Buy’ rating for WEST, as published in its report on April 14, 2023. Stifel’s report from September 23, 2022 suggests a price prediction of $12 for WEST shares, giving the stock a ‘Buy’ rating. Stephens also rated the stock as ‘Overweight’.
Analysis of Westrock Coffee Company (WEST)
Further, the quarter-over-quarter decrease in sales is -7.26%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Westrock Coffee Company’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -15.83% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.67, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and WEST is recording an average volume of 334.19K. On a monthly basis, the volatility of the stock is set at 6.98%, whereas on a weekly basis, it is put at 9.50%, with a gain of 15.36% over the past seven days. Furthermore, long-term investors anticipate a median target price of $12.20, showing growth from the present price of $6.57, which can serve as yet another indication of whether WEST is worth investing in or should be passed over.
How Do You Analyze Westrock Coffee Company Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 67.29%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 31.31% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
WEST shares are owned by institutional investors to the tune of 31.31% at present.
