To provide specific investment advice or recommendations on Encore Wire stock, we recommend investors consider the following general factors when evaluating Encore Wire. This will help you to make an informed decision on whether to include Encore Wire in one of your diversified portfolios:
- Examine Encore Wire's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Encore Wire's leadership team and their track record. Good management can help Encore Wire navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Electrical Components & Equipment space and any emerging trends that could impact Encore Wire's business and its evolving consumer preferences.
- Compare Encore Wire's performance and market position to its competitors. Analyze how Encore Wire is positioned in terms of product offerings, innovation, and market share.
- Check if Encore Wire pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Encore Wire's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Encore Wire stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that 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. Below is a detailed guide on how to decide if Encore Wire is a good investment.
Macroaxis provides advice on Encore Wire to complement and cross-verify current analyst consensus on Encore Wire. Our investment recommendation engine determines the company's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon. To make sure Encore Wire is not overpriced, please confirm all Encore Wire fundamentals, including its number of shares shorted, debt to equity, market capitalization, as well as the relationship between the gross profit and earnings per share . Given that Encore Wire has a price to earning of 31.30 X, we urge you to verify Encore Wire market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your prevailing risk tolerance and investing horizon.
Examine Encore Wire Stock
Researching Encore Wire's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 95.0% of the company outstanding shares are owned by institutional investors. The company has Price to Book (P/B) ratio of 1.56. Historically many companies with similar price-to-book (P/B) ratio do better than the market in the long run. Encore Wire has Price/Earnings To Growth (PEG) ratio of 2.09. The entity recorded earning per share (EPS) of 25.73. The firm last dividend was issued on the 4th of January 2024. Encore Wire had 3:2 split on the 17th of August 2004.
To determine if Encore Wire is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Encore Wire's research are outlined below:
Encore Wire uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Encore Wire. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Encore Wire's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Earnings surprises can significantly impact Encore Wire's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Encore Wire's investors have experienced.
Encore Wire's SEC filings
Before you invest in Encore Wire, make sure you check Encore Wire'srecent SEC filings. These artifacts are important regulatory documents required of all public companies to provide to potential investors. Encore Wire prospectus issued under the guidelines of the SEC is a legal declaration of facts and statements to ensure that Encore Wire investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Encore Wire's specific information freely available to individual and institutional investors to make a timely investment decision.
Encore Wire Target Price Consensus
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Encore target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Encore Wire's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
Encore Wire Target Price ProjectionEncore Wire's current and average target prices are 184.34 and 237.50, respectively. The current price of Encore Wire is the price at which Encore Wire is currently trading. On the other hand, Encore Wire's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.
Encore Wire Market Quote on 29th of November 2023
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Encore Wire and the information provided on this page.
Analyst Consensus On Encore Wire Target Price
Encore Wire Analyst RatingsEncore Wire's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Encore Wire stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Encore Wire's financials, market performance, and future outlook by experienced professionals. Encore Wire's historical ratings below, therefore, can serve as a valuable tool for investors.
Know Encore Wire's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Encore Wire is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Encore Wire backward and forwards among themselves. Encore Wire's institutional investor refers to the entity that pools money to purchase Encore Wire's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.Note, although Encore Wire's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.
Encore Wire's market capitalization trendsThe company currently falls under 'Mid-Cap' category with a current market capitalization of 3.11 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Encore Wire's market, we take the total number of its shares issued and multiply it by Encore Wire'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.
Encore Wire's profitablity analysis
Encore Wire's profitability indicators refer to fundamental financial ratios that showcase Encore Wire's ability to generate income relative to its revenue or operating costs. If, let's say, Encore Wire is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Encore Wire's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Encore Wire's profitability requires more research than a typical breakdown of Encore Wire's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.The company has Profit Margin (PM) of 0.18 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.15 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.15.
Determining Encore Wire's profitability involves analyzing its financial statements and using various financial metrics to determine if Encore Wire is a good buy. For example, gross profit margin measures Encore Wire's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Encore Wire's profitability and make more informed investment decisions.
The data published in Encore Wire's official financial statements usually reflect Encore Wire's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Encore Wire. For example, before you start analyzing numbers published by Encore accountants, it's critical to develop an understanding of what Encore Wire's liquidity, profitability, and earnings quality are in the context of the Electrical Equipment space in which it operates.
Please note, the presentation of Encore Wire's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Encore Wire's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Encore Wire's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Encore Wire. Please utilize our Beneish M Score to check the likelihood of Encore Wire's management manipulating its earnings.
Evaluate Encore Wire's management efficiencyEncore Wire has return on total asset (ROA) of 0.1828 % which means that it generated a profit of $0.1828 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.2671 %, meaning that it created $0.2671 on every $100 dollars invested by stockholders. Encore Wire's management efficiency ratios could be used to measure how well Encore Wire manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return on Investment is expected to grow to 62.53. The current year's Return on Average Assets is expected to grow to 0.42. At present, Encore Wire's Current Assets are projected to increase significantly based on the last few years of reporting. . The current year's Tax Assets is expected to grow to about 16.3 M, whereas Asset Turnover is forecasted to decline to 1.61.
The analysis of Encore Wire's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Encore Wire's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Encore Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Forward Dividend Yield
Forward Dividend Rate
Basic technical analysis of Encore StockAs of the 29th of November, Encore Wire shows the Downside Deviation of 2.08, semi deviation of 1.84, and Mean Deviation of 1.62. In respect to fundamental indicators, the technical analysis model provides you with a way to check existing technical drivers of Encore Wire, as well as the relationship between them. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate data for nineteen technical drivers for Encore Wire, which can be compared to its rivals. Please confirm Encore Wire information ratio, as well as the relationship between the potential upside and kurtosis to decide if Encore Wire is priced favorably, providing market reflects its regular price of 184.34 per share. Given that Encore Wire has jensen alpha of 0.2401, we urge you to verify Encore Wire's prevailing market performance to make sure the company can sustain itself at a future point.
Encore Wire's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Encore Wire insiders, such as employees or executives, is commonly permitted as long as it does not rely on Encore Wire's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Encore Wire insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Understand Encore Wire's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Encore Wire's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
Consider Encore Wire's intraday indicators
Encore Wire intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Encore Wire stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.Encore Wire time-series forecasting models is one of many Encore Wire's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Encore Wire's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.
Encore Stock media impact
Far too much social signal, news, headlines, and media speculation about Encore Wire that are available to investors today. That information is available publicly through Encore media outlets and privately through word of mouth or via Encore internal channels. However, regardless of the origin, that massive amount of Encore data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Encore Wire news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Encore Wire relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Encore Wire's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Encore Wire alpha.
Encore Wire Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Encore Wire can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Encore Wire Historical Investor Sentiment
Investor biases related to Encore Wire's public news can be used to forecast risks associated with an investment in Encore. The trend in average sentiment can be used to explain how an investor holding Encore can time the market purely based on public headlines and social activities around Encore Wire. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Encore Wire's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Encore Wire and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Encore Wire news discussions. The higher the estimate score, the more favorable the investor's outlook on Encore Wire.
Encore Wire Maximum Pain Price across 2023-12-15 Option Contracts
Encore Wire's options can also be used to analyze investors' bias and current market sentiment in the context of behavioral finance. For example, Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of Encore Wire close to the expiration of its current option contract to expire worthlessly. According to most research, about 35% of options are not executed, with roughly 50% traded out before expiration. So, Max pain occurs when market makers reach a net favorable position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthlessly. Please continue to view the detailed analysis of Encore Wire's options.
Be your own money managerOur tools can tell you how much better you can do entering a position in Encore Wire without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.
View associations between returns expected from investment and the risk you assume
|All Next||Launch Module|
Also Currently PopularAnalyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity. When determining whether Encore Wire is a strong investment it is important to analyze Encore Wire'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 Encore Wire's future performance. For an informed investment choice regarding Encore 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 Encore Wire. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index.For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Encore Stock analysis
When running Encore Wire's price analysis, check to measure Encore Wire'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 Encore Wire is operating at the current time. Most of Encore Wire's value examination focuses on studying past and present price action to predict the probability of Encore Wire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Encore Wire's price. Additionally, you may evaluate how the addition of Encore Wire to your portfolios can decrease your overall portfolio volatility.
Is Encore Wire'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 Encore Wire. If investors know Encore 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 Encore Wire 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
Revenue Per Share
Quarterly Revenue Growth
The market value of Encore Wire is measured differently than its book value, which is the value of Encore that is recorded on the company's balance sheet. Investors also form their own opinion of Encore Wire's value that differs from its market value or its book value, called intrinsic value, which is Encore Wire'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 Encore Wire's market value can be influenced by many factors that don't directly affect Encore Wire's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Encore Wire's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Encore Wire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Encore Wire'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.