Encore Wire Stock Target Price and Analyst Consensus

WIRE Stock  USD 153.81  3.23  2.15%   
The current analyst and expert consensus on Encore Wire is Buy, with 1 strong buy opinions. The current projected Encore Wire target price consensus is 150.0 with 1 analyst opinions. The most common way Encore Wire analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Encore Wire executives and customers to further validate their buy or sell advice. Please note, the number of analysts providing the opinion is not sufficient to provide adequate consensus on Encore Wire. We encourage you to use your own analysis of Encore Wire to validate this buy or sell advice. Encore Wire buy-or-sell recommendation module provides average expert sentiment on the projected Encore Wire target price to derive its highest and lowest estimates based on its projected price volatility. Check out Macroaxis Advice on Encore Wire to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
  
The current year Profit Margin is expected to grow to 20.27, whereas Gross Profit is forecasted to decline to about 134.7 M. Encore Wire Accounts Payable is projected to increase significantly based on the last few years of reporting. The past year's Accounts Payable was at 67.82 Million. The current year Total Assets is expected to grow to about 1.5 B, whereas Accumulated Other Comprehensive Income is forecasted to decline to (611 K).

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 the past results via a very sophisticated attribution analysis. Encore 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.
Number of Opinions2
Lowered Outlook0
Raized Outlook0
Buy
Most Encore analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Encore stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Encore Wire, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Encore Wire Target Price Projection

Encore Wire's current and average target prices are 153.81 and 150.00, 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.

Current Price

Encore Wire Market Quote on 27th of January 2023

Low Price0.0Odds
High Price0.0Odds

153.81

Target Price

Analyst Consensus On Encore Wire Target Price

Low Estimate150.0Odds
High Estimate150.0Odds
Number of AnalystsOne
Standard Deviation0.0

150.0

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.

Encore Wire Analyst Ratings

Encore 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.

Analyst Consensus Breakdown

Average Consensus Estimates

About Encore Wire Target Price Projections

Encore Wire's target price is an analyst's projection of its future price. Price targets can be assigned to all types of securities, from complex investment products to stocks such as Encore Wire and even bonds. If the target price is unavailable, it is most likely because there were not enough analyst opinions to come up with a consensus estimate. When setting a price target estimate, an analyst is trying to determine what the Stock is worth and where the price will be in a year from now. Generally, the target price of Encore depends on its intrinsic valuation, beta (i.e., risk over market), and overall volatility. Most analysts publish their price targets in research reports on specific companies, along with their buy, hold, or sell recommendations. Stock price targets are often quoted in the financial news media. Macroaxis uses multiple feeds to provide overall target price projection for Encore Wire including analysis of its current option contracts.
Encore Wire's latest option contracts expiring on 2023-02-17 are carrying combined implied volatility of 32.94 with a put-to-call open interest ratio of 1.38 over 68 outstanding agreements suggesting investors are buying more puts than calls on contracts expiring on 2023-02-17. The current put volume is at 204, with calls trading at the volume of 87. This yields a 2.34 put-to-call volume ratio. The Encore Wire option chain provides detailed quote and price information for the current Encore Wire option contracts. It shows all of Encore Wire's listed puts, calls, expiration dates, strike prices, and other pricing information.

Open Interest Against 2023-02-17 Option Contracts

Encore Wire option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Encore Wire's lending market. For example, when Encore Wire's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Encore Wire, he or she must hedge the risk by shorting Encore Wire stock over its option's life.
The chart above shows Encore Wire's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Encore Wire's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Encore Wire's option, there is no secondary market available for investors to trade.

Encore Wire Maximum Pain Price across 2023-02-17 Option Contracts

Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Encore Wire close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive 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 worthless.
Encore Wire's stock options are financial instruments that give investors the right to buy or sell shares of Encore Wire common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Encore stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Encore Wire's stock price goes up or down, the stock options follow.
Check out Macroaxis Advice on Encore Wire to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.

Encore Wire In The Money Call Balance

When Encore Wire's strike price is surpassing the current stock price, the option contract against Encore Wire stock is said to be in the money. When it comes to buying Encore Wire's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Encore Wire are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.

Encore Current Options Market Mood

Encore Wire's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Encore Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.

Put-to-Call Open Interest

Put-to-Call Volume

Most options investors, including buyers and sellers of Encore Wire's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Encore Wire's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction. Using current Encore Wire's option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.

Additional Encore Wire Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Encore Wire is a key component of Encore Wire valuation and have some predictive power on the future returns of a Encore Wire.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Encore Wire's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Encore Wire in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
152.14154.29156.44
Details
Intrinsic
Valuation
LowReal ValueHigh
147.26149.41169.19
Details
Naive
Forecast
LowNext ValueHigh
152.97155.12157.27
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
138.57143.55148.58
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Encore Wire. Your research has to be compared to or analyzed against Encore Wire's peers to derive any actionable benefits. When done correctly, Encore Wire's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Encore Wire.

Additional Encore Wire Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Encore Wire is a key component of Encore Wire valuation and have some predictive power on the future returns of a Encore Wire.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Encore Wire's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Encore Wire in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
152.14154.29156.44
Details
Intrinsic
Valuation
LowReal ValueHigh
147.26149.41169.19
Details
Naive
Forecast
LowNext ValueHigh
152.97155.12157.27
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
138.57143.55148.58
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Encore Wire. Your research has to be compared to or analyzed against Encore Wire's peers to derive any actionable benefits. When done correctly, Encore Wire's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Encore Wire.

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
Macroaxis Index
Invested over 200 shares
Impulse
Invested over 20 shares
Marketing
Invested few shares
Check out Macroaxis Advice on Encore Wire to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. You can also try Share Portfolio module to track or share privately all of your investments from the convenience of any device.

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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 to manipulate its earnings.