Wells Fargo & Co. (NYSE: WFC) has seen a decline in its stock price by -0.39 in relation to its previous close of 56.69. However, the company has experienced a -1.62% decline in its stock price over the last five trading sessions. Investopedia reported 2024-04-13 that Large U.S. banks kicked off the first-quarter earnings report season by disclosing higher-than-expected profits. But their net interest income—a key performance indicator for the sector—fell shy of projections.
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 11.78x compared to its average ratio. WFC has 36-month beta value of 1.21. 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 3.54B, and currently, short sellers hold a 1.12% ratio of that float. The average trading volume of WFC on April 15, 2024 was 18.75M shares.
WFC’s Market Performance
The stock of Wells Fargo & Co. (WFC) has seen a -1.62% decrease in the past week, with a -2.33% drop in the past month, and a 15.15% gain in the past quarter. The volatility ratio for the week is 2.03%, and the volatility levels for the past 30 days are at 1.77% for WFC. The simple moving average for the past 20 days is -1.46% for WFC’s stock, with a 21.29% simple moving average for the past 200 days.
Analysts’ Opinion of WFC
Many brokerage firms have already submitted their reports for WFC stocks, with Compass Point repeating the rating for WFC by listing it as a “Neutral.” The predicted price for WFC in the upcoming period, according to Compass Point is $64 based on the research report published on April 09, 2024 of the current year 2024.
Keefe Bruyette, on the other hand, stated in their research note that they expect to see WFC reach a price target of $62, previously predicting the price at $56. The rating they have provided for WFC stocks is “Mkt Perform” according to the report published on March 27th, 2024.
WFC Trading at 3.51% 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 -3.37% of loss for the given period.
Volatility was left at 1.77%, however, over the last 30 days, the volatility rate increased by 2.03%, as shares sank -1.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.53% upper at present.
During the last 5 trading sessions, WFC fell by -1.62%, which changed the moving average for the period of 200-days by +38.03% in comparison to the 20-day moving average, which settled at $57.26. In addition, Wells Fargo & Co. saw 14.73% 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:
- 0.17 for the present operating margin
- 0.98 for the gross margin
The net margin for Wells Fargo & Co. stands at 0.2. The total capital return value is set at 0.01. Equity return is now at value 10.37, with 0.98 for asset returns.
Based on Wells Fargo & Co. (WFC), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 1.64. The interest coverage ratio of the stock is 0.59.
Currently, EBITDA for the company is 43.27 billion with net debt to EBITDA at 10.35. When we switch over and look at the enterprise to sales, we see a ratio of 5.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.96.
Conclusion
To put it simply, Wells Fargo & Co. (WFC) has had a mixed 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.
