World Acceptance Stock Today
| WRLD Stock | USD 139.20 3.49 2.57% |
Performance1 of 100
| Odds Of DistressLess than 39
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World Acceptance is trading at 139.20 as of the 24th of April 2024, a 2.57 percent up since the beginning of the trading day. The stock's lowest day price was 136.98. World Acceptance has about a 39 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for World Acceptance are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Financial Services | IPO Date 26th of November 1991 | Classification Financials |
World Acceptance Corporation, together with its subsidiaries, engages in small-loan consumer finance business. World Acceptance Corporation was founded in 1962 and is headquartered in Greenville, South Carolina. World Acceptance operates under Credit Services classification in the United States and is traded on NASDAQ Exchange. The company has 6.08 M outstanding shares of which 638.94 K shares are at this time shorted by private and institutional investors with about 15.26 trading days to cover. More on World Acceptance
Moving against World Stock
| 0.61 | PT | Pintec Technology Report 10th of May 2024 | PairCorr |
Follow Valuation Profit Patterns Odds of Bankruptcy
Report 2nd of May 2024
World Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. World Acceptance's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding World Acceptance or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President CEO, Director | Ravin Prashad | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Name | World Acceptance Corporation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Consumer Finance, Financial Services, SP Small-Cap 600, NASDAQ Composite, NASDAQ Composite Total, Macroaxis Picks, Momentum, Financials, Consumer Finance, Credit Services, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering World Acceptance report their recommendations after researching World Acceptance's financial statements, talking to executives and customers, or listening in on World Acceptance's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering World Acceptance. The World consensus assessment is calculated by taking the average forecast from all of the analysts covering World Acceptance. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the measurements of operating efficiency obtained from World Acceptance's historical financial statements, World Acceptance is not in a good financial situation at the present time. It has a very high chance of going through financial crunch in May. Financial strength of World Acceptance is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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World Acceptance's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to World Acceptance's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. World Acceptance's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of World Acceptance's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand World Acceptance's financial leverage. It provides some insight into what part of World Acceptance's total assets is financed by creditors.
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World Acceptance (WRLD) is traded on NASDAQ Exchange in USA. It is located in 104 South Main Street, Greenville, SC, United States, 29601 and employs 22 people. World Acceptance is listed under Consumer Finance category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 825.15 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate World Acceptance's market, we take the total number of its shares issued and multiply it by World Acceptance's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. World Acceptance conducts business under Consumer Finance sector and is part of Financials industry. The entity has 6.08 M outstanding shares of which 638.94 K shares are at this time shorted by private and institutional investors with about 15.26 trading days to cover.
World Acceptance currently holds about 20.7 M in cash with 291.55 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.63.
Check World Acceptance Probability Of Bankruptcy
Ownership AllocationWorld Acceptance owns a total of 6.08 Million outstanding shares. The majority of World Acceptance outstanding shares are owned by institutional investors. These institutions are usually referred to as non-private investors looking to purchase positions in World Acceptance to benefit from reduced commissions. Consequently, other corporate entities are subject to a different set of regulations than regular investors in World Acceptance. Please pay attention to any change in the institutional holdings of World Acceptance as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check World Ownership Details
World Stock Price Odds Analysis
What are World Acceptance's target price odds to finish over the current price? Based on a normal probability distribution, the odds of World Acceptance jumping above the current price in 90 days from now is about 17.71%. The World Acceptance probability density function shows the probability of World Acceptance stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.9323. This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, World Acceptance will likely underperform. Additionally, world Acceptance has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of World Acceptance to move above the current price in 90 days from now is about 17.71 (This World Acceptance probability density function shows the probability of World Stock to fall within a particular range of prices over 90 days) .
World Stock Institutional Holders
Institutional Holdings refers to the ownership stake in World Acceptance that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of World Acceptance's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing World Acceptance's value.| Instituion | Recorded On | Shares | |
| Goldman Sachs Group Inc | 2023-12-31 | 44.5 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 35.6 K | |
| Two Sigma Investments Llc | 2023-12-31 | 35.4 K | |
| Bridgeway Capital Management, Llc | 2023-12-31 | 32.9 K | |
| Amvescap Plc. | 2023-12-31 | 31.9 K | |
| Jacobs Levy Equity Management, Inc. | 2023-09-30 | 28.9 K | |
| Norges Bank | 2023-12-31 | 27 K | |
| Landscape Capital Management,llc | 2023-12-31 | 25.9 K | |
| D. E. Shaw & Co Lp | 2023-09-30 | 25.5 K | |
| Prescott General Partners Llc | 2023-12-31 | 2 M | |
| Blackrock Inc | 2023-12-31 | 599.9 K |
World Acceptance Historical Income Statement
World Acceptance Income Statement is one of the three primary financial statements used for reporting World's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of World Acceptance revenue and expense. World Acceptance Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, World Acceptance's Other Operating Expenses is projected to decrease significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 344.8 B, whereas EBIT is forecasted to decline to about 74.9 M. View More FundamentalsWorld Stock Against Markets
Picking the right benchmark for World Acceptance stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in World Acceptance stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for World Acceptance is critical whether you are bullish or bearish towards World Acceptance at a given time. Please also check how World Acceptance's historical prices are related to one of the top price index indicators.
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World Acceptance Corporate Directors
World Acceptance corporate directors refer to members of a World Acceptance board of directors. The board of directors generally takes responsibility for the World Acceptance's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of World Acceptance's board members must vote for the resolution. The World Acceptance board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Scott Vassalluzzo | Independent Director | Profile | |
| Ken Bramlett | Lead Independent Director | Profile | |
| Darrell Whitaker | Independent Director | Profile | |
| Charles Way | Independent Director | Profile |
How to buy World Stock?
Before investing in World Acceptance, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in World Acceptance. To buy World Acceptance stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of World Acceptance. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase World Acceptance stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located World Acceptance stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased World Acceptance stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as World Acceptance, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy World Stock please use our How to Invest in World Acceptance guide.
Already Invested in World Acceptance?
The danger of trading World Acceptance is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of World Acceptance is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than World Acceptance. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile World Acceptance is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether World Acceptance is a strong investment it is important to analyze World Acceptance's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact World Acceptance's future performance. For an informed investment choice regarding World Stock, refer to the following important reports: Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in World Acceptance. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade World Stock refer to our How to Trade World Stock guide.You can also try the Stocks Directory module to find actively traded stocks across global markets.
Complementary Tools for World Stock analysis
When running World Acceptance's price analysis, check to measure World Acceptance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy World Acceptance is operating at the current time. Most of World Acceptance's value examination focuses on studying past and present price action to predict the probability of World Acceptance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move World Acceptance's price. Additionally, you may evaluate how the addition of World Acceptance to your portfolios can decrease your overall portfolio volatility.
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Is World Acceptance's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of World Acceptance. If investors know World will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about World Acceptance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.869 | Earnings Share 11.36 | Revenue Per Share 100.58 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0727 |
The market value of World Acceptance is measured differently than its book value, which is the value of World that is recorded on the company's balance sheet. Investors also form their own opinion of World Acceptance's value that differs from its market value or its book value, called intrinsic value, which is World Acceptance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because World Acceptance's market value can be influenced by many factors that don't directly affect World Acceptance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between World Acceptance's value and its price as these two are different measures arrived at by different means. Investors typically determine if World Acceptance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, World Acceptance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.