The stock of Wells Fargo & Co. (WFC) has gone down by -0.97% for the week, with a 0.51% rise in the past month and a 16.48% rise in the past quarter. The volatility ratio for the week is 1.78%, and the volatility levels for the past 30 days are 1.63% for WFC. The simple moving average for the last 20 days is 0.15% for WFC’s stock, with a simple moving average of 24.36% for the last 200 days.
Is It Worth Investing in Wells Fargo & Co. (NYSE: WFC) Right Now?
Wells Fargo & Co. (NYSE: WFC) has a higher price-to-earnings ratio of 11.88x compared to its average ratio. WFC has 36-month beta value of 1.20. Analysts have mixed views on the stock, with 8 analysts rating it as a “buy,” 4 as “overweight,” 15 as “hold,” and 4 as “sell.”
The public float for WFC is 3.57B, and currently, short sellers hold a 1.28% ratio of that float. The average trading volume of WFC on April 08, 2024 was 18.82M shares.
WFC) stock’s latest price update
The stock price of Wells Fargo & Co. (NYSE: WFC) has jumped by 1.27 compared to previous close of 56.68. Despite this, the company has seen a fall of -0.97% in its stock price over the last five trading days. Market Watch reported 2024-04-07 that With first-quarter earnings reports just around the corner, the biggest battles with inflation might be out of the way for businesses and their customers. The impact of the smaller ones could just be starting.
Analysts’ Opinion of WFC
Many brokerage firms have already submitted their reports for WFC stocks, with Keefe Bruyette repeating the rating for WFC by listing it as a “Mkt Perform.” The predicted price for WFC in the upcoming period, according to Keefe Bruyette is $62 based on the research report published on March 27, 2024 of the current year 2024.
Deutsche Bank gave a rating of “Hold” to WFC, setting the target price at $51 in the report published on January 09th of the current year.
WFC Trading at 6.59% 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 -1.78% of loss for the given period.
Volatility was left at 1.63%, however, over the last 30 days, the volatility rate increased by 1.78%, as shares surge +0.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.98% upper at present.
During the last 5 trading sessions, WFC fell by -0.97%, which changed the moving average for the period of 200-days by +37.03% in comparison to the 20-day moving average, which settled at $57.33. In addition, Wells Fargo & Co. saw 16.62% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WFC starting from DAVIS RICHARD K, who purchase 3,500 shares at the price of $41.22 back on Nov 09 ’23. After this action, DAVIS RICHARD K now owns 4,244 shares of Wells Fargo & Co., valued at $144,270 using the latest closing price.
Stock Fundamentals for WFC
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.95 for the gross margin
The net margin for Wells Fargo & Co. stands at 0.23. The total capital return value is set at 0.01. Equity return is now at value 10.47, with 0.99 for asset returns.
Based on Wells Fargo & Co. (WFC), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 1.18. The interest coverage ratio of the stock is 0.66.
Currently, EBITDA for the company is 43.27 billion with net debt to EBITDA at -0.41. When we switch over and look at the enterprise to sales, we see a ratio of 2.27. The receivables turnover for the company is 1.54for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.43.
Conclusion
To put it simply, Wells Fargo & Co. (WFC) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
