The stock of Quaker Chemical Corporation (NYSE:KWR) is now priced at $199.2 and the shares are -0.12 points down or -0.06% lower compared to its previous closing price of $199.32. The stock had 101306 contracts set over the past session. KWR shares’ daily volume is compared to its average trading volume at 138207 shares. However, it has a float of 9.29 million and although its performance was 7.39% over the week, it’s one to watch. Analysts have given the KWR stock a yearly average price target of $161.67 per share. It means the stock’s downside potential is -18.84% with the KWR share price recently placing at $196.24 to $201.3. However, some brokerage firms have priced the stock below the average, including one that has called $155.
The shorts are running away from the Quaker Chemical Corporation stock, with the latest data on short interest released on June 15, 2020, showing that short interest numbers in the KWR shares have declined. Short interest in the stock represents just 24.19% of its float, but the volume has dropped by 0.
In the last trading session, Quaker Chemical Corporation (NYSE:KWR) raised by $13.71 over the week and gained $29.22 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $205.76. The stock recorded its established 52-week high on 07/16/20.
Since 04/01/20, the stock has traded to a low of $108.14 at 84.21%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 1.53. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Quaker Chemical Corporation’s two-week RSI is 65.08. This suggests that the stock is neutral at the moment and that KWR shares’ price movement remains stable. The stochastic readings are equally revealing at 84.02% meaning the KWR share price is currently in oversold territory.
The technical chart shows that the KWR stock will likely settle at between $201.59 and $203.97 per share. However, if the stock dips below $196.53, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $193.85.
Currently, the stock is trading in the green of MACD, with a reading of 8.32. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Janney cut their recommendation for KWR from Buy to Neutral in May 13 review. Janney analysts upgraded their recommendation of the stock from Neutral to Buy in a flash note released to investors on June 07. Janney analysts see the stock as Neutral when the analysts resumed the share price coverage on January 29, placing it at $198.
The average rating for the KWR equity is 3 and is currently gathering a bullish momentum. Of 4 analysts tracking Quaker Chemical Corporation polled by Reuters, 4 rated KWR as a hold. The remaining 0 analysts were split evenly. However, the split wasn’t equal as a majority (0) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the KWR stock price is 30.72X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands below the group’s average of 31.1. Quaker Chemical Corporation has its P/E ratio at 3, which means that the stock is currently trading at a discount relative to the 3.4 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Quaker Chemical Corporation (NYSE:KWR) will decrease by about -99.92%, which will see them reach $300.4 million. The company’s full-year revenues are, however, expected to increase by about 22.12%, up from $1.13 billion to $1380 million. KWR’s expected adjusted earnings should drop almost -82.69% to end up at $0.27 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -34.99% to record $3.79/share.