Wells Fargo & Company (NYSE: WFC) has a higher price-to-earnings ratio of 12.36x compared to its average ratio, and the 36-month beta value for WFC is at 1.17. Analysts have varying views on the stock, with 16 analysts rating it as a “buy,” 7 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”
The average price suggested by analysts for WFC is $53.29, which is $14.36 above the current market price. The public float for WFC is 3.75B, and currently, shorts hold a 0.73% of that float. The average trading volume for WFC on March 16, 2023 was 20.76M shares.
Do You Know The Best Place To Find Gains In Volatile Markets?
In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. The trick is figuring out which small caps will be tomorrow's winners. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.
Click here for full details and to join for free.
WFC) stock’s latest price update
Wells Fargo & Company (NYSE: WFC)’s stock price has increased by 0.01 compared to its previous closing price of 38.85. Despite this, the company has seen a fall of -5.53% in its stock price over the last five trading days. The Wall Street Journal reported 18 hours ago that Former Wells Fargo Executive Blamed in Fake-Accounts Scandal to Plead Guilty
WFC’s Market Performance
Wells Fargo & Company (WFC) has seen a -5.53% fall in stock performance for the week, with a -19.89% decline in the past month and a -8.83% plunge in the past quarter. The volatility ratio for the week is 5.48%, and the volatility levels for the past 30 days are at 2.77% for WFC. The simple moving average for the last 20 days is -13.22% for WFC stock, with a simple moving average of -11.10% for the last 200 days.
Analysts’ Opinion of WFC
Piper Sandler, on the other hand, stated in their research note that they expect to see WFC reach a price target of $47, previously predicting the price at $49. The rating they have provided for WFC stocks is “Neutral” according to the report published on January 17th, 2023.
Jefferies gave a rating of “Hold” to WFC, setting the target price at $46 in the report published on January 17th of the current year.
WFC Trading at -13.73% from the 50-Day Moving Average
After a stumble in the market that brought WFC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.31% of loss for the given period.
Volatility was left at 2.77%, however, over the last 30 days, the volatility rate increased by 5.48%, as shares sank -18.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.92% lower at present.
During the last 5 trading sessions, WFC fell by -5.42%, which changed the moving average for the period of 200-days by -15.23% in comparison to the 20-day moving average, which settled at $44.32. In addition, Wells Fargo & Company saw -5.90% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at WFC starting from Santos Kleber, who sale 34,698 shares at the price of $46.27 back on Feb 23. After this action, Santos Kleber now owns 19,590 shares of Wells Fargo & Company, valued at $1,605,476 using the latest closing price.
Santos Kleber, the Sr. Executive Vice President of Wells Fargo & Company, sale 22,700 shares at $44.44 during a trade that took place back on May 03, which means that Santos Kleber is holding 21,478 shares at $1,008,788 based on the most recent closing price.
Stock Fundamentals for WFC
Current profitability levels for the company are sitting at:
- +68.08 for the present operating margin
The net margin for Wells Fargo & Company stands at +13.73. Equity return is now at value 7.60, with 0.60 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.70.
In conclusion, Wells Fargo & Company (WFC) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.