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On Jan 29, 2026 analyst coverage aggregated to a consensus Hold with a consensus price target near $50.33 and most contributors issuing neutral ratings. Insider filings through mid‑February 2026 show both selective insider purchases (small, director-level buys) and routine insider sales reported in December–January. Independent market data and technical services published updated technical and analyst notes across January–March 2026 highlighting renewed analyst attention and revised price-target commentary.
Technical Analysis
Directional indicators: ADX at 20.62 signals an emerging trend in strength. DI+ shows a peak & reversal and DI‑ shows a dip & reversal; both directional patterns point toward rising negative directional pressure and therefore a bearish directional bias relative to the current valuation and near‑term price outlook.
MACD and signal: MACD at -0.20 with the signal at -0.06 and a peak & reversal in the MACD trend indicates bearish momentum; MACD sits below its signal line, reinforcing the immediate downside pressure implied by the directional indicators and suggesting momentum may continue to weigh on price short term.
MRO: MRO reads 14.99. That positive MRO implies the market price sits above the model target and therefore carries moderate downside potential, which conflicts with headline valuation but aligns with the bearish momentum signals and supports a cautious near‑term outlook.
Price versus moving averages and Ichimoku: Close at $62.42 sits below the 20‑day ($63.22) and 50‑day ($63.89) averages but well above the 200‑day average ($51.25). The 12‑day EMA shows a peak & reversal and Ichimoku lines place price under the Tenkan and Senkou A but above the Kijun, implying short‑term weakness constrained by the longer‑term uptrend — the technical mix favors consolidation around current levels rather than a clean breakout.
RSI and volatility: RSI at 53.09 with a decreasing trend denotes neutral momentum drifting lower, consistent with the MACD and DI signals. Short‑term beta (42‑day 1.65) exceeds the 52‑week beta (1.29), indicating elevated near‑term volatility that could amplify intrarange moves over the next six weeks.
Volume and Bollinger context: Recent volume of ~198k exceeds the 10‑day average (~165k) but remains below the 200‑day average (~180k); price sits between the 1x Bollinger bands, suggesting compressing volatility and a higher probability of range continuation unless momentum indicators decisively change.
Fundamental Analysis
Profitability and earnings: EBIT of $11,723,000 and EBITDA of $18,146,000 yield an EBIT margin of 8.45%. EBIT margin expanded 72.08% year‑over‑year and 8.66% quarter‑over‑quarter, signaling notable margin improvement that supports the current WMDST valuation. Reported EPS of $0.55 beat the $0.45 estimate, an EPS surprise of 22.22%.
Top‑line and growth: Total revenue stands at $138,743,000. The reported revenue growth figures show mixed signals: a near‑flat (‑0.60%) baseline growth metric and a sharp year‑over‑year figure recorded as ‑92.45% in the provided data; sequential QoQ revenue change shows a pronounced decline in the provided QoQ growth figure. These contrasts underscore uneven top‑line dynamics even as margin recovery proceeds.
Cash flow and balance sheet: Cash and short‑term investments total $39,476,000 with operating cash flow of $4,681,000 and free cash flow of $2,780,000 (free‑cash‑flow yield ~0.35%). Free cash growth shows a steep decline year‑over‑year (‑87.58%), highlighting compression in FCF conversion despite positive operating cash generation. Net debt measures ~$142,986,000 with total debt ~$213,569,000; debt/EBITDA sits at ~11.77x while interest coverage stands near 3.45x, indicating leverage remains a material structural factor to monitor when valuing the company.
Liquidity and working capital: Current ratio 3.53 and quick ratio 2.01 indicate ample near‑term liquidity. Cash conversion cycle ~132 days (below the industry peer mean of ~110.06 days but inside the peer range), while asset turnover at 23.65% exceeds the industry peer mean of 18.34%, pointing to relatively efficient asset use despite elevated working‑capital days.
Valuation metrics: Trailing P/E ~79.94x and forward P/E ~86.89x reflect stretched multiples versus the industry peer mean P/E (~103.48x median shown in peer data), while price/book at 2.72x sits well below the industry peer mean of ~7.96x. PEG ratios and price/sales also remain elevated on forward metrics, but the margin recovery, EPS surprise and improving leverage dynamics provide the basis for the WMDST valuation conclusion. The current valuation as determined by WMDST: under‑valued, reflecting WMDST’s adjustment for improving margins and liquidity despite revenue volatility and leverage headwinds.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2026-03-05 |
| NEXT REPORT DATE: | 2026-06-04 |
| CASH FLOW | Begin Period Cash Flow | $ 49.9 M |
| Operating Cash Flow | $ 4.7 M | |
| Capital Expenditures | $ -1.90 M | |
| Change In Working Capital | $ -10.31 M | |
| Dividends Paid | $ -501.00 K | |
| Cash Flow Delta | $ -10.44 M | |
| End Period Cash Flow | $ 39.5 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 138.7 M | |
| Forward Revenue | $ 70.3 M | |
| COSTS | ||
| Cost Of Revenue | $ 92.6 M | |
| Depreciation | $ 3.3 M | |
| Depreciation and Amortization | $ 6.4 M | |
| Research and Development | $ 9.7 M | |
| Total Operating Expenses | $ 125.7 M | |
| PROFITABILITY | ||
| Gross Profit | $ 46.2 M | |
| EBITDA | $ 18.1 M | |
| EBIT | $ 11.7 M | |
| Operating Income | $ 13.0 M | |
| Interest Income | — | |
| Interest Expense | $ 3.4 M | |
| Net Interest Income | $ -3.40 M | |
| Income Before Tax | $ 8.3 M | |
| Tax Provision | $ 1.8 M | |
| Tax Rate | 22.2 % | |
| Net Income | $ 6.5 M | |
| Net Income From Continuing Operations | $ 6.5 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.45 | |
| EPS Actual | $ 0.55 | |
| EPS Difference | $ 0.10 | |
| EPS Surprise | 22.222 % | |
| Forward EPS | $ 0.78 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 585.1 M | |
| Intangible Assets | $ 225.4 M | |
| Net Tangible Assets | $ 68.7 M | |
| Total Current Assets | $ 258.1 M | |
| Cash and Short-Term Investments | $ 39.5 M | |
| Cash | $ 39.5 M | |
| Net Receivables | $ 91.7 M | |
| Inventory | $ 111.4 M | |
| Long-Term Investments | $ 8.7 M | |
| LIABILITIES | ||
| Accounts Payable | $ 33.7 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 73.0 M | |
| Net Debt | $ 143.0 M | |
| Total Debt | $ 213.6 M | |
| Total Liabilities | $ 290.9 M | |
| EQUITY | ||
| Total Equity | $ 294.2 M | |
| Retained Earnings | $ 191.2 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 17.37 | |
| Shares Outstanding | 16.936 M | |
| Revenue Per-Share | $ 8.19 | |
| VALUATION | Market Capitalization | $ 798.8 M |
| Enterprise Value | $ 972.9 M | |
| Enterprise Multiple | 53.615 | |
| Enterprise Multiple QoQ | 9.513 % | |
| Enterprise Multiple YoY | 123.108 % | |
| Enterprise Multiple IPRWA | high: 238.157 median: 95.909 mean: 82.223 ALNT: 53.615 low: -194.359 |
|
| EV/R | 7.012 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.989 | |
| Asset To Liability | 2.011 | |
| Debt To Capital | 0.421 | |
| Debt To Assets | 0.365 | |
| Debt To Assets QoQ | -5.33 % | |
| Debt To Assets YoY | 3924.476 % | |
| Debt To Assets IPRWA | high: 0.941 ALNT: 0.365 mean: 0.279 median: 0.276 low: 0.002 |
|
| Debt To Equity | 0.726 | |
| Debt To Equity QoQ | -7.444 % | |
| Debt To Equity YoY | 3562.967 % | |
| Debt To Equity IPRWA | high: 2.317 ALNT: 0.726 mean: 0.703 median: 0.596 low: -0.194 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.715 | |
| Price To Book QoQ | 17.514 % | |
| Price To Book YoY | 121.589 % | |
| Price To Book IPRWA | high: 15.938 mean: 7.964 median: 7.578 ALNT: 2.715 low: -2.447 |
|
| Price To Earnings (P/E) | 79.942 | |
| Price To Earnings QoQ | 30.389 % | |
| Price To Earnings YoY | 24.838 % | |
| Price To Earnings IPRWA | high: 276.29 median: 119.759 mean: 103.479 ALNT: 79.942 low: -111.167 |
|
| PE/G Ratio | 22.782 | |
| Price To Sales (P/S) | 5.757 | |
| Price To Sales QoQ | 20.311 % | |
| Price To Sales YoY | 115.595 % | |
| Price To Sales IPRWA | high: 136.276 mean: 20.595 median: 20.435 ALNT: 5.757 low: 1.381 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 86.895 | |
| Forward PE/G | 24.763 | |
| Forward P/S | 18.16 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -13.383 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.237 | |
| Asset Turnover Ratio QoQ | -0.446 % | |
| Asset Turnover Ratio YoY | 12.607 % | |
| Asset Turnover Ratio IPRWA | high: 0.47 ALNT: 0.237 mean: 0.183 median: 0.172 low: 0.002 |
|
| Receivables Turnover | 1.571 | |
| Receivables Turnover Ratio QoQ | -2.614 % | |
| Receivables Turnover Ratio YoY | 3.478 % | |
| Receivables Turnover Ratio IPRWA | high: 2.347 ALNT: 1.571 mean: 1.277 median: 1.266 low: 0.589 |
|
| Inventory Turnover | 0.85 | |
| Inventory Turnover Ratio QoQ | -3.346 % | |
| Inventory Turnover Ratio YoY | 18.246 % | |
| Inventory Turnover Ratio IPRWA | high: 2.805 mean: 0.966 median: 0.938 ALNT: 0.85 low: 0.265 |
|
| Days Sales Outstanding (DSO) | 58.084 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 131.958 | |
| Cash Conversion Cycle Days QoQ | 0.221 % | |
| Cash Conversion Cycle Days YoY | -9.009 % | |
| Cash Conversion Cycle Days IPRWA | high: 432.662 ALNT: 131.958 mean: 110.057 median: 88.63 low: -11.304 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.75 | |
| CapEx To Revenue | -0.014 | |
| CapEx To Depreciation | -0.578 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 476.6 M | |
| Net Invested Capital | $ 476.6 M | |
| Invested Capital | $ 476.6 M | |
| Net Tangible Assets | $ 68.7 M | |
| Net Working Capital | $ 185.0 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.541 | |
| Current Ratio | 3.534 | |
| Current Ratio QoQ | -5.628 % | |
| Current Ratio YoY | -13.808 % | |
| Current Ratio IPRWA | high: 6.647 ALNT: 3.534 mean: 1.819 median: 1.358 low: 0.101 |
|
| Quick Ratio | 2.009 | |
| Quick Ratio QoQ | -7.572 % | |
| Quick Ratio YoY | -7.758 % | |
| Quick Ratio IPRWA | high: 6.355 ALNT: 2.009 mean: 1.198 median: 0.845 low: 0.098 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 11.769 | |
| Cost Of Debt | 1.202 % | |
| Interest Coverage Ratio | 3.447 | |
| Interest Coverage Ratio QoQ | 12.802 % | |
| Interest Coverage Ratio YoY | 92.586 % | |
| Interest Coverage Ratio IPRWA | high: 44.025 median: 20.03 mean: 15.181 ALNT: 3.447 low: -124.935 |
|
| Operating Cash Flow Ratio | 0.024 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 32.775 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 12.928 | |
| Dividend Payout Ratio | 0.077 | |
| Dividend Rate | $ 0.03 | |
| Dividend Yield | 0.001 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -0.507 % | |
| Revenue Growth | -0.598 % | |
| Revenue Growth QoQ | -111.721 % | |
| Revenue Growth YoY | -92.481 % | |
| Revenue Growth IPRWA | high: 100.263 % mean: 4.653 % median: 1.219 % ALNT: -0.598 % low: -90.925 % |
|
| Earnings Growth | 3.509 % | |
| Earnings Growth QoQ | -85.326 % | |
| Earnings Growth YoY | -49.123 % | |
| Earnings Growth IPRWA | high: 150.0 % mean: 10.206 % median: 4.068 % ALNT: 3.509 % low: -165.385 % |
|
| MARGINS | ||
| Gross Margin | 33.285 % | |
| Gross Margin QoQ | 0.22 % | |
| Gross Margin YoY | 6.145 % | |
| Gross Margin IPRWA | high: 44.059 % median: 38.28 % mean: 36.004 % ALNT: 33.285 % low: -67.869 % |
|
| EBIT Margin | 8.449 % | |
| EBIT Margin QoQ | 8.655 % | |
| EBIT Margin YoY | 72.077 % | |
| EBIT Margin IPRWA | high: 21.612 % median: 19.204 % mean: 12.432 % ALNT: 8.449 % low: -667.042 % |
|
| Return On Sales (ROS) | 9.394 % | |
| Return On Sales QoQ | 2.264 % | |
| Return On Sales YoY | 91.324 % | |
| Return On Sales IPRWA | high: 22.513 % median: 19.562 % mean: 11.697 % ALNT: 9.394 % low: -654.394 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 2.8 M | |
| Free Cash Flow Yield | 0.348 % | |
| Free Cash Flow Yield QoQ | -89.612 % | |
| Free Cash Flow Yield YoY | -88.924 % | |
| Free Cash Flow Yield IPRWA | high: 13.007 % median: 0.821 % mean: 0.788 % ALNT: 0.348 % low: -10.764 % |
|
| Free Cash Growth | -87.577 % | |
| Free Cash Growth QoQ | -218.501 % | |
| Free Cash Growth YoY | -209.739 % | |
| Free Cash Growth IPRWA | high: 286.648 % median: 63.827 % mean: 39.908 % ALNT: -87.577 % low: -374.035 % |
|
| Free Cash To Net Income | 0.429 | |
| Cash Flow Margin | 1.271 % | |
| Cash Flow To Earnings | 0.272 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 1.104 % | |
| Return On Assets QoQ | 15.481 % | |
| Return On Assets YoY | 213.636 % | |
| Return On Assets IPRWA | high: 8.858 % median: 2.489 % mean: 1.271 % ALNT: 1.104 % low: -36.697 % |
|
| Return On Capital Employed (ROCE) | 2.289 % | |
| Return On Equity (ROE) | 0.022 | |
| Return On Equity QoQ | 13.33 % | |
| Return On Equity YoY | 185.974 % | |
| Return On Equity IPRWA | high: 0.513 median: 0.054 mean: 0.044 ALNT: 0.022 low: -0.583 |
|
| DuPont ROE | 2.221 % | |
| Return On Invested Capital (ROIC) | 1.914 % | |
| Return On Invested Capital QoQ | 10.828 % | |
| Return On Invested Capital YoY | -112.755 % | |
| Return On Invested Capital IPRWA | high: 7.515 % mean: 3.686 % median: 3.608 % ALNT: 1.914 % low: -10.193 % |
|