Why Worthington Enterprises Inc’s (WOR) Stock Is Down 5.63%

By Omar Beirat
September 25, 2024
Featured Tickers:
WOR

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Worthington Enterprises Inc before investing.

In this article, we go over a few key elements for understanding Worthington Enterprises Inc’s stock price such as:

  • Worthington Enterprises Inc’s current stock price and volume
  • Why Worthington Enterprises Inc’s stock price changed recently
  • Upgrades and downgrades for WOR from analysts
  • WOR’s stock price momentum as measured by its relative strength

About Worthington Enterprises Inc (WOR)

Before we jump into Worthington Enterprises Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Worthington Enterprises, Inc. is a designer and manufacturer of brands that enable people to live safer, healthier and more expressive lives. The Company operates through two primary business segments: building products and consumer products. The Building Products segment includes cooking, heating, cooling and water solutions, architectural and acoustical grid ceilings and metal framing and accessories. The Consumer Products segment provides solutions for the tools, outdoor living and celebrations categories. Its product includes propane-filled cylinders for torches, camping stoves and other applications. Product brands within the Company’s portfolio include Balloon Time, Bernzomatic, Coleman, Garden-Weasel, General, HALO, Hawkeye, Level5, Mag Torch, NEXI, Pactool International, and Worthington Pro Grade, among others. The Company also serves the global hydrogen ecosystem via a joint venture focused on on-board fueling systems and gas containment solutions.

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Worthington Enterprises Inc’s Stock Price as of Market Close

As of September 25, 2024, 4:00 PM, CST, Worthington Enterprises Inc’s stock price was $42.74.

Worthington Enterprises Inc is down 5.63% from its previous closing price of $45.29.

During the last market session, Worthington Enterprises Inc’s stock traded between $44.43 and $45.59. Currently, there are 49.44 million shares of Worthington Enterprises Inc stock available for purchase.

Worthington Enterprises Inc’s price-earnings (P/E) ratio is currently at 83.9, which is high compared to the Metals & Mining - Iron & Steel industry median of 12. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Worthington Enterprises Inc Stock Price History

Worthington Enterprises Inc’s (WOR) price is currently down 6.68% so far this month.

During the month of September, Worthington Enterprises Inc’s stock price has reached a high of $47.00 and a low of $41.62.

Over the last year, Worthington Enterprises Inc has hit prices as high as $69.96 and as low as $36.29. Year to date, Worthington Enterprises Inc’s stock is up 39.47%.

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What Caused Worthington Enterprises Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 24, 2024, there were 3 analysts who downgraded Worthington Enterprises Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Worthington Enterprises Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Worthington Enterprises Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Worthington Enterprises Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Worthington Enterprises Inc (WOR) by visiting AAII Stock Evaluator.

Relative Price Strength of Worthington Enterprises Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 24, 2024, Worthington Enterprises Inc has a weighted four-quarter relative price strength of -4.98%, which translates to a Momentum Score of 43 and is considered to be Average.

Want to learn more about how Worthington Enterprises Inc is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Worthington Enterprises Inc Stock Price: Bottom Line

As of September 25, 2024, Worthington Enterprises Inc’s stock price is $42.74, which is down 5.63% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Worthington Enterprises Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.

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