How to buy WAM Research shares | A$1.42

WAM Research Limited is an asset management business based in Australia. WAM Research shares (WAX) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $1.42 – a decrease of 0.7% over the previous week. and has a market cap (total outstanding shares value) of $272.9 million.

How to buy shares in WAM Research

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for WAM Research . Find the share by name or ticker symbol: WAX. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until WAM Research reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $1.42, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of WAM Research . Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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For our Top Picks, we compared our Finder partners using a proprietary algorithm in August 2020. Keep in mind that our top picks may not always be the best for you, and you're encouraged to compare for yourself to find one that works for you. Read our full methodology here to find out more.

How has coronavirus impacted WAM Research 's share price?

Since the stock market crash in March caused by coronavirus, WAM Research 's share price has had significant negative movement.

Its last market close was $1.42, which is 8.39% down on its pre-crash value of $1.55 and 57.78% up on the lowest point reached during the March crash when the shares fell as low as $0.9.

If you had bought $1,000 worth of WAM Research shares at the start of February 2020, those shares would have been worth $664.34 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $993.01.

WAM Research share price

Use our graph to track the performance of WAX stocks over time.

WAM Research shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	AUDA$1.42
52-week range	AUDA$1.1 - AUDA$1.57
50-day moving average	AUDA$1.469
200-day moving average	AUDA$1.3632
Target price	N/A
PE ratio	173.5294
Dividend yield	AUDA$0.1 (6.85%)
Earnings per share (TTM)	AUDA$0.163

Share Trading Account Offer

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AUD 8

Standard brokerage - Australian shares

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Competitive broker fees on Australian and international shares

• Brokerage - AU shares: From AUD 5 or 0.05%
• Brokerage - US shares: USD 0
• Sign-up process: Instant
• Support - After hours: Yes

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Important: Share trading carries risk of capital loss.

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy WAM Research stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of WAM Research Limited by TradingView

WAM Research price performance over time

Historical closes compared with the close of A$1.42 on 2020-10-22

1 week (2020-10-15)	-1.05%
1 month (2020-09-25)	-5.33%
3 months (2020-07-22)	4.80%
6 months (2020-04-22)	25.11%

1 year (2019-10-22)	0%
2 years (2018-10-22)	-10.69%
3 years (2017-10-21)	N/A
5 years (2015-10-22)	13.60%

Is WAM Research under- or over-valued?

Valuing WAM Research stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of WAM Research 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

WAM Research 's P/E ratio

WAM Research 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 174x. In other words, WAM Research shares trade at around 174x recent earnings.

That's relatively high compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

WAM Research financials

Operating margin TTM	132.84%
Gross profit TTM	$-9,562,431
Return on assets TTM	-3.62%
Return on equity TTM	-3.72%
Profit margin	0%
Book value	1.027
Market capitalisation	$272.9 million

TTM: trailing 12 months

WAM Research share dividends

We're not expecting WAM Research to pay a dividend over the next 12 months.

WAM Research share price volatility

Over the last 12 months, WAM Research 's shares have ranged in value from as little as $1.1 up to $1.57. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while WAM Research 's is 0.21. This would suggest that WAM Research 's shares are less volatile than average (for this exchange).

WAM Research overview

WAM Research Limited is a closed-ended equity mutual fund launched and managed by MAM Pty Limited. The fund invests in public equity markets of Australia. It makes its investments in companies primarily engaged in the industrial sector. The fund invests in value and growth stocks of small to medium-cap companies. It benchmarks the performance of its portfolio against the S&P/ASX All Ordinaries Accumulation Index. The fund conducts in-house research to make its investments. It was formerly known as Wilson Investment Fund Limited. WAM Research Limited was formed on May 10, 2002 and is domiciled in Australia.

Frequently asked questions

• What percentage of WAM Research is owned by insiders or institutions?

  Currently 6.356% of WAM Research shares are held by insiders and 0.228% by institutions.

• When does the fiscal year end for WAM Research ?

  WAM Research 's fiscal year ends in June.

• Where is WAM Research based?

  WAM Research 's address is: 139 Macquarie Street, Sydney, NSW, Australia, 2000

• What is WAM Research 's ISIN number?

  WAM Research 's international securities identification number is: AU000000WAX9