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NASDAQ:WIRE
Encore Wire is a American stock, trading under the symbol WIRE (previously WIRE-Q on Stockchase) on the NASDAQ (WIRE). It is usually referred to as NASDAQ:WIRE or WIRE
In the last year, no analyst issued a Buy, Sell, or Hold rating on WIRE (previously WIRE-Q on Stockchase) on Stockchase. Read the latest expert commentary for Encore Wire.
Encore Wire was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Encore Wire.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Encore Wire.
Encore Wire is covered by Stockchase experts and is worth watching.
On 2024-07-01, Encore Wire (WIRE) stock closed at a price of $289.84.
WIRE is still up 17% YTD and 51% over 52 weeks.
It is cheap at 7X earnings but lower earnings are expected this year. It has no debt and $730M cash.
Free cash flow is nice $540M last year). Insiders own 5% and there has been some buying.
The last quarter was a very strong 'beat' and it has shown pretty consistent growth over the last decade.
It is cyclical, and there is a 12% short interest, but we like what we see here at the current valuation.
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