The stock of Wyndham Destinations, Inc. (NYSE:WYND) is now priced at $31.25 and the shares are 1.24 points up or 4.13% higher compared to its previous closing price of $30.01. The stock had 1.075 million contracts set over the past session. WYND shares’ daily volume is compared to its average trading volume at 1.18 million shares. However, it has a float of 83.04 million and although its performance was 14.81% over the week, it’s one to watch. Analysts have given the WYND stock a yearly average price target of $38.6 per share. It means the stock’s upside potential is 23.52% with the WYND share price recently placing at $30.15 to $31.545. However, some brokerage firms have priced the stock below the average, including one that has called $30.
The shorts are running away from the Wyndham Destinations, Inc. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the WYND shares have declined. Short interest in the stock represents just 3.17% of its float, but the volume has dropped by 0.
In the last trading session, Wyndham Destinations, Inc. (NYSE:WYND) raised by $4.03 over the week and gained $4.65 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $53.13. The stock recorded its established 52-week high on 01/17/20.
Since 03/18/20, the stock has traded to a low of $13.74 at 127.44%, 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 1.95. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Wyndham Destinations, Inc.’s two-week RSI is 61.48. This suggests that the stock is neutral at the moment and that WYND shares’ price movement remains stable. The stochastic readings are equally revealing at 55.11% meaning the WYND share price is currently in neutral territory.
The technical chart shows that the WYND stock will likely settle at between $31.81 and $32.38 per share. However, if the stock dips below $30.42, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $29.59.
Currently, the stock is trading in the green of MACD, with a reading of 1.17. 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 Credit Suisse raised their recommendation for WYND from Neutral to Outperform in May 21 review. JP Morgan analysts upgraded their recommendation of the stock from Neutral to Overweight while keeping its target price at $25 to $35 in a flash note released to investors on May 19. CFRA seeing the stock struggling downgraded it from Buy to Hold on May 07.
The average rating for the WYND equity is 1.8 and is currently gathering a bullish momentum. Of 10 analysts tracking Wyndham Destinations, Inc. polled by Reuters, 2 rated WYND as a hold. The remaining 8 analysts were split evenly. However, the split wasn’t equal as a majority (8) 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 WYND stock price is 8.86X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands below the group’s average of 112. Wyndham Destinations, Inc. has its P/E ratio at 0, which means that the stock is currently trading at a discount relative to the 25.8 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Wyndham Destinations, Inc. (NYSE:WYND) will increase by about 81.56%, which will see them reach $619 million. The company’s full-year revenues are, however, expected to diminish by about -45.05%, down from $4040 million to $2220 million. WYND’s expected adjusted earnings should drop almost -78.34% to end up at $0.34 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -118.68% to record -$1.05/share.