On Jan. 04, Sosin Clifford invested U.S. $573,533 in shares of World Acceptance Corporation. The 10% acquired 5,500 shares at a cost per share of $104.28. The transaction increased this specific insider’s holdings to 713,268 shares worth around $80.96 million at present.
Janney took its World Acceptance Corporation [WRLD] rating to the equivalent of a Neutral from a Sell, in a research note dated December 18, 2019. Other analysts also revised their coverage, with Janney’s analysts upgrading the shares from “a Sell” rating to “a Neutral” rating in a research note to investors issued in mid December. Meanwhile, Janney had lowered its rating on WRLD to “Sell” from the earlier “Neutral”, in a research note produced for clients July 25, 2019. In addition, there was a downgrade from Jefferies on January 10, 2017. The rater changed WRLD from “a Hold” to “an Underperform”.
Is World Acceptance Corporation [NASDAQ:WRLD] a Good Buy Right Now?
It should be noted that WRLD technical indicators for short, intermediate as well as long term progress have placed an overall average of 96% as Buy. The average signal changed from 56% Buy in the last week and compares with 100% Buy in the past month. Data from World Acceptance Corporation’s Trend Spotter indicated that the signals were Bearish. The stock current average is 64045.0 shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 55100.0 shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 67186.0 shares.
WRLD Price Performance
On Wall Street, World Acceptance Corporation [NASDAQ:WRLD] finished Wednesday’s session up 5.40% at $113.50. The stock went up to $114.81 at the same session while its lowest single day price was $106.93. In the last five days, it saw a rise of about 11.01%, World Acceptance Corporation shares gained by almost 11.04% since the beginning of the year. However, the share price has dropped to as low as -8.48% below its one year high. On 01/06/21, the company shares recorded $114.81, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $100.71. The company’s shares have inclined by 30.67% in the past year. The 50-day SMA achieved is $105.32 while the 200-day SMA is $83.49. Volume gained to 0.12 million from 48300.0 in the previous session.
World Acceptance Corporation [WRLD] Valuation Measures
Notably, World Acceptance Corporation [WRLD] stock cannot be classified as a good candidate in the listing of underestimated low-priced Credit Services companies to purchase soonest possible with the prevailing 12-month PE ratio of 18.08. The measure means the stock is exchanging at a premium as compared to the 14.83x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 1.38 PS value ratio is reported for the last one year of reported earnings. That is lower than the industry average of 2.78 which means WRLD serve an unattractive investment opportunity compared to its competitors.
WRLD Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 108.68 level, and in case of violation of this particular level, it will cause more drop to 103.87 level. On the upper level, 119.63 is still the key resistance. The stock may increase to the subsequent resistance at 116.56. The Relative Strength Index (RSI) pinned on the 14-day chart is 60.13, implying a neutral technical stance while the MACD stands at 5.06, meaning price will increase in the next trading period. Percent R indicator moved to 7.41%, implying bullish price movement. Stochastic %K at 73.76% suggest holding the stock.
What is the short interest in World Acceptance Corporation?
Short interest in the World Acceptance Corporation stock has surged, increasing by 80000.0 shares to total 1.2 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 1.28 million, data from Yahoo Finance shows. The decrease of -6.67% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 36.18% of the overall float for the stock.
World Acceptance Corporation’s Biggest Shareholders: Who Owns World Acceptance Corporation [WRLD]?
Filings by Prescott Investors, Inc. showed that the firm now holds a total of 2,129,645 shares or roughly 30.99% of the outstanding WRLD shares. This means their shares have reduced by 0 from the 2,129,645 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, CAS Investment Partners LLC updated stake is worth $79,914,085. Details in the latest 13F filings reveal that BlackRock Fund Advisors disposed off their -17.43% stake valued at $72,736,848 while The Vanguard Group, Inc. cut theirs at $53,048,505. During the last quarter, BlackRock Fund Advisors liquidated -135,964 of its shares in World Acceptance Corporation while The Vanguard Group, Inc. sold -77,223 shares. The Dimensional Fund Advisors LP’s holdings currently number 361,317 shares at $41009479.5. According to the firm’s last 13F report, Nantahala Capital Management LLC shares in the company at filing stood at 212,042 shares, roughly $23,941,662.
WRLD Earnings Forecast For The Current Quarter
World Acceptance Corporation [WRLD] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $133.22M and an earnings per share of $0.56 for Dec 2020. Looking further ahead, the company is expected to report revenue of $148.88M at an EPS of $3.41 for Mar 2021. The estimates represent 4.70% and -12.89% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
WRLD Earnings Estimates For The Current Year
For the financial year, World Acceptance Corporation [NASDAQ:WRLD] is expected to bring in revenue of $530.41M. The returns are nearly $-59.73 million lower than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 8.15, higher than that of FY20 by $4.29. Estimates put this year’s earnings growth at 111.10%, -12.90% for the next, and at an annual 1.50% over the next 5-year period. As for sales, forecasts are for a decrease of -10.10% in the current fiscal year and a further 4.70% over the following year.
What are analyst thoughts on World Acceptance Corporation?
Looking forward to the World Acceptance Corporation share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for World Acceptance Corporation stock at $66.50 within the next 12 months, which represents almost -70.68 per cent growth from its previous closing price of $113.50. The highest analysts’ target for World Acceptance Corporation stock projections is $93.00 and the lowest one is $49.00. Still, 4 analysts sharing their consensus rating for WRLD stock in 2021 agree that it is a Sell.