Washington Prime Group Inc. (WPG) shares are trading at lower $0.70 and the avg recommendation for the stock is Hold. while the current analyst price target stands at $1.00.
To add more color to this target, the company’s high over the last year is $4.69 and the low is $0.56. Over the last 52 weeks, WPG is down -82.06% while the S&P 500 is up 11.54%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
WPG booked profit margins of -11.30%, its Return on Equity (ROE) is -11.70%, and its Return on Assets is -1.60%. All told, it is clear that, WPG needs to be on your watchlist.
FREE CONFIDENTIAL REPORT
3 Stocks Set To Soar By January 1st, 2021
You have Successfully Subscribed!
Find out when WPG reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.
Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. WPG has a short ratio of 17.60 and outstanding shares of 190.54M.
WPG has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at -0.35. Investors should also keep an eye on sector updates as WPG has historically followed its peers on positive news.
All told, Washington Prime Group Inc. WPG has strung together solid data and demonstrated underlying fundamentals. At its current valuation, WPG represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Washington Prime Group Inc. WPG is now commanding a market cap of 136.61M and a float of 185.31M. WPG is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of WPG stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in WPG, either long or short, and we have not been compensated for this article.