WOR Stock Summary and Trading Ideas (Worthington Enterprises Common Shares | NYSE:WOR)

Worthington Enterprises Inc formerly Worthington Industries Inc is a diversified metals manufacturing company, focused on value-added steel processing and manufactured metal products. Its manufactured metal products include pressure cylinders for liquefied petroleum gas, compressed natural gas, oxygen, refrigerant, and other industrial gas storage; cylinders; helium-filled balloon kits; steel and fiberglass tanks and processing equipment primarily for the oil and gas industry; cryogenic pressure vessels for liquefied natural gas and other gas storage applications; light gauge steel framing for commercial and residential construction; and several other products. The firm's operating segments are Steel Processing, Consumer Products, Building Products and Sustainable Energy Solutions.

Worthington Enterprises Common Shares trades on the NYSE stock market under the symbol WOR.

As of April 26, 2024, WOR stock price climbed to $58.41 with 136,906 million shares trading.

WOR has a beta of 1.32, meaning it tends to be more sensitive to market movements. WOR has a correlation of 0.27 to the broad based SPY ETF.

WOR has a market cap of $2.93 billion. This is considered a Mid Cap stock.

Last quarter Worthington Enterprises Common Shares reported $317 million in Revenue and $.80 earnings per share. This fell short of revenue expectation by $-10 million and exceeded earnings estimates by $.05.

In the last 3 years, WOR stock traded as high as $77.42 and as low as $38.01.

The top ETF exchange traded funds that WOR belongs to (by Net Assets): CALF, IJR, VTI, VB, IWM.

WOR has outperformed the market in the last year with a price return of +36.5% while the SPY ETF gained +26.8%. WOR has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +5.1% and -1.5%, respectively, while the SPY returned +4.5% and -1.9%, respectively.

WOR support price is $56.50 and resistance is $58.72 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WOR stock will trade within this expected range on the day.