Do Investors Have Much Faith In Woodside Energy Group Ltd ADR (NYSE: WDS)

Woodside Energy Group Ltd ADR (NYSE:WDS) does about 900.90K shares in volume on a normal day but saw 1865884 shares change hands in the recent trading day. The company now has a market cap of 30.07B USD. Its current market price is $15.86, marking an increase of 3.19% compared to the previous close of $15.37. The 52 week high reached by this stock is $21.62 whilst the lowest price level in 52 weeks is $15.24. The script in recent trading has seen the stock touch a high of $28 and a low of $28.

Woodside Energy Group Ltd ADR (WDS) has a 20-day trading average at $15.80 and the current price is -26.66% off the 52-week high compared with 4.07% distance from its 52-week low. The 50-day simple moving average of the closing price is $16.52 and its 200-day simple moving average is $18.20. If we look at the stock’s price movements over the week, volatility stands at 1.72%, which decreases to 1.57% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 46.95 to suggest the stock is neutral.

The consensus objective for the share price is $19.32, suggesting that the stock has a potential upside of 17.91% over the period. The median price target is 43.36% away from the current levels at $28.

The current price level is 0.35%, -4.01%, and -12.87% away from its SMA20, SMA50, and SMA200 respectively, with the WDS price moving above the 50-day SMA on current market day. Woodside Energy Group Ltd ADR (WDS) stock is up 0.89% over the week and -3.59% over the past month. Its price is -24.80% year-to-date and -21.83% over the past year.

Expected sales for next quarter are $12.86B, which analysts say will come at $13.05B for the current fiscal year and next year at $nan. In addition, estimates put the company’s current quarterly revenue at an average of $3.47B.

Its 12-month price target is $28. To reach the target analysts have set, the stock logically needs to grow 17.91 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $28, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $28.

Outstanding shares total 1.90B with insiders holding 0.00% of the shares and institutional holders owning 1.58% of the company’s common stock. The company has a return on investment of 4.50% and return on equity of 5.23%. The price to earnings ratio (P/E ratio) amounts to 16.34 while the forward price to earnings ratio is 13.88. The beta has a value of 1.15. Price to book ratio is 0.86 and price to sales ratio is 2.37.