Encore Wire Stock Today

WIRE Stock  USD 216.59  1.88  0.86%   

Performance

7 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 3

 
100  
 
Zero
Very Low
Encore Wire is trading at 216.59 as of the 23rd of February 2024, a -0.86 percent decrease since the beginning of the trading day. The stock's lowest day price was 216.09. Encore Wire has a very small chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Encore Wire are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of September 2023 and ending today, the 23rd of February 2024. Click here to learn more.
Business Domain
Capital Goods
IPO Date
16th of July 1992
Category
Industrials
Encore Wire Corporation manufactures and sells electrical building wires and cables for interior electrical wiring in the United States. Encore Wire Corporation was incorporated in 1989 and is headquartered in McKinney, Texas. Encore Wire operates under Electrical Equipment Parts classification in the United States and is traded on NASDAQ Exchange. The company has 15.76 M outstanding shares of which 3.35 M shares are at this time shorted by private and institutional investors with about 18.98 trading days to cover. More on Encore Wire

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Encore 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. Encore Wire's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Encore Wire or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Chairman, CEO and PresDaniel Jones
Thematic Ideas
(View all Themes)
SEC FilingsEncore Wire Security & Exchange Commission EDGAR Reports
Business ConcentrationElectrical Components & Equipment, Electrical Equipment & Parts, Industrials, SP Small-Cap 600, NASDAQ Composite, NASDAQ Composite Total, Iron, Heavy Metals, Steel Works Etc, Industrials, Electrical Equipment, Electrical Equipment & Parts, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering Encore Wire report their recommendations after researching Encore Wire's financial statements, talking to executives and customers, or listening in on Encore Wire's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Encore Wire. The Encore consensus assessment is calculated by taking the average forecast from all of the analysts covering Encore Wire.
Financial Strength
Based on the measurements of operating efficiency obtained from Encore Wire's historical financial statements, Encore Wire is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in March. Financial strength of Encore Wire is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Shares Diluted17.6 M17.2 M
Fairly Up
Slightly volatile
Weighted Shares17.4 M16.9 M
Fairly Up
Slightly volatile
Return on Assets0.190.187
Fairly Up
Slightly volatile
Net Cash Flow from Operations491.1 M455.2 M
Significantly Up
Slightly volatile
Current Liabilities136.1 M160.1 M
Fairly Down
Slightly volatile
Total Liabilities187.4 M220.3 M
Fairly Down
Slightly volatile
Gross Margin0.240.255
Notably Down
Slightly volatile
Asset Turnover1.41.291
Significantly Up
Slightly volatile
Current AssetsB1.2 B
Fairly Down
Slightly volatile
Total Assets1.6 BB
Significantly Down
Slightly volatile
Encore Wire (WIRE) is traded on NASDAQ Exchange in USA. It is located in 1329 Millwood Road, McKinney, TX, United States, 75069 and employs 1,629 people. Encore Wire is listed under Electrical Components & Equipment category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 3.44 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 conducts business under Electrical Equipment sector and is part of Industrials industry. The entity has 15.76 M outstanding shares of which 3.35 M shares are at this time shorted by private and institutional investors with about 18.98 trading days to cover. Encore Wire currently holds about 573.58 M in cash with 455.21 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 31.34.
Check Encore Wire Probability Of Bankruptcy
Ownership Allocation
Encore Wire retains a total of 15.76 Million outstanding shares. The majority of Encore Wire outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Encore Wire to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Encore Wire. Please pay attention to any change in the institutional holdings of Encore Wire as this could imply that something significant has changed or 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 Encore Ownership Details

Encore Stock Price Odds Analysis

What are Encore Wire's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Encore Wire jumping above the current price in 90 days from now is about 38.86%. The Encore Wire probability density function shows the probability of Encore Wire 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 1.4126. 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, Encore Wire will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Encore Wire is significantly underperforming NYSE Composite.
  Odds Below 216.59HorizonTargetOdds Above 216.59
60.96%90 days
 216.59 
38.86%
Based on a normal probability distribution, the odds of Encore Wire to move above the current price in 90 days from now is about 38.86 (This Encore Wire probability density function shows the probability of Encore Stock to fall within a particular range of prices over 90 days) .

Encore Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Encore Wire that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Encore Wire'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 Encore Wire's value.
InstituionRecorded OnShares
Morgan Stanley - Brokerage Accounts2023-09-30
333.9 K
Arrowstreet Capital Limited Partnership2023-09-30
326 K
American Century Companies Inc2023-09-30
310.9 K
Hhg Plc2023-09-30
274.9 K
Northern Trust Corp2023-09-30
268.7 K
Charles Schwab Investment Management Inc2023-09-30
219.3 K
Millennium Management Llc2023-09-30
212 K
D. E. Shaw & Co Lp2023-09-30
209.8 K
Bank Of New York Mellon Corp2023-09-30
191.1 K
Blackrock Inc2023-09-30
2.8 M
Vanguard Group Inc2023-09-30
1.8 M
View Encore Wire Diagnostics

Encore Wire Historical Income Statement

Encore Wire Income Statement is one of the three primary financial statements used for reporting Encore's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Encore Wire revenue and expense. Encore Wire Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Encore Wire's Weighted Average Shares Diluted is projected to decrease significantly based on the last few years of reporting. View More Fundamentals

Encore Stock Against Markets

Picking the right benchmark for Encore Wire 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 Encore Wire 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 Encore Wire is critical whether you are bullish or bearish towards Encore Wire at a given time. Please also check how Encore Wire's historical prices are related to one of the top price index indicators.

Be your own money manager

Our 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.

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Encore Wire Corporate Directors

Encore Wire corporate directors refer to members of an Encore Wire board of directors. The board of directors generally takes responsibility for the Encore Wire'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 Encore Wire's board members must vote for the resolution. The Encore Wire board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Gregory FisherIndependent DirectorProfile
John WilsonIndependent DirectorProfile
William ThomasIndependent DirectorProfile
Scott WeaverIndependent DirectorProfile

How to buy Encore Stock?

Before investing in Encore Wire, 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 Encore Wire. To buy Encore Wire stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Encore Wire. 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 Encore Wire stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Encore Wire 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 Encore Wire 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 Encore Wire, 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 Encore Stock please use our How to Invest in Encore Wire guide.

Already Invested in Encore Wire?

The danger of trading Encore Wire 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 Encore Wire 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 Encore Wire. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Encore Wire 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 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 metropolitan statistical area.
For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.
You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

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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.
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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
(0.50)
Dividend Share
0.08
Earnings Share
21.63
Revenue Per Share
152.179
Quarterly Revenue Growth
(0.09)
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.
Please note, there is a significant difference between Encore Wire's value and its price as these two are different measures arrived at by different 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.