Waddell & Reed Financial, Inc. (NYSE:WDR) dipped by -4.5% on Sunday and this got the market worried. This price movement has led to the WDR stock receiving more attention and has become one to watch out for. The shares dropped by -28.76% or -$6.85 from its last recorded high of $23.82 which it attained on January 30 to close at $16.97 per share. Over the past 52 weeks, the shares of Waddell & Reed Financial, Inc. has been trading as low as $16.45 before witnessing a massive surge by 3.16% or $0.52. The stock’s beta now stands at 1.57 and when compared to its 200-day moving average and its 50-day moving average, WDR price stands -13.5% below and -10.16% below respectively. Its average daily volatility for this week is 3.87% which is more than the 3.48% recorded over the past month.
Waddell & Reed Financial, Inc. (WDR) sank -5.51% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -23.46% and is now down by -6.14% since start of this year. A look at its monthly performance shows that the stock has recorded a -7.52% fall over the past 30 days. Its equity price dipped by -16.36% over the past three months which led to its overall six-month decrease to stand at -9.06%.
Experts from research firms are bullish about the near-term performance of Waddell & Reed Financial, Inc. with most of them predicting a $17.63 price target on a short-term (12 months) basis. The average price target by the analysts will see a 3.89% rise in the stock and would lead to WDR’s market cap to surge to $1.45B. The stock has been rated an average 3.3, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 10 analysts that track Waddell & Reed Financial, Inc. (NYSE:WDR) and find out that 5 of them rated it as a Hold. 1 of the 5 analysts rated it as a Buy or a Strong Buy while 4 advised investors to desist from buying the stock or sell it if they already possess it.
A look at WDR technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 34.48 point. Its trading volume has added 1496536 shares compared to readings over the past three months as it recently exchanged 2576536 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 1080000 shares, and this is 2.39 times the normal volume.
The LIN stock Stochastic Oscillator (%D) is at 91.22%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 7.41 which compares to the 2.42 recorded by the industry or the 13.2 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 23.69, which is lower than the 25.48 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 0.3% over the past five years.
Analysts view Linde plc (NYSE:LIN) as a Hold, with 2.3 consensus rating. Reuters surveyed 19 analysts that follow LIN and found that 7 of those analysts rated the stock as a Hold. The remaining 12 were divided, with 11 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying Linde plc (LIN) shares or sell it if they already own it.