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Wingstop ($WING) stock experienced a significant drop after retesting its highs, leading to new lows in a potential wave 5. The company's high valuation, trading at 145 times earnings, has drawn attention in comparison to other stocks. Despite this, Wingstop has shown impressive growth, with an 84% increase in the last year, surpassing the S&P 500's return.
Current state of the stock market: Wingstop, $WING, a chicken wing company, is now up 84% over the last year and worth $10 billion. It's trading at 144x earnings and tripling the S&P 500's return. Who needs AI when you have chicken wings? https://t.co/fr6dUNICnI
Correct, we have been negative on $WING and $CAVA very recently, with the former at a TTM P/E ratio of 145 https://t.co/5fHdKLCzAt
A mid chicken wing company is at $10bil mc and u don’t think btc hits $100k? https://t.co/sfULYn1zQb