Wells Fargo & Co. (NYSE: WFC) has seen a decline in its stock price by -0.03 in relation to its previous close of 59.93. However, the company has experienced a -0.73% decline in its stock price over the last five trading sessions. MarketBeat reported 2024-04-26 that With the S&P 500 index, and equities in general, having had their worst run of red days so far this year, almost every stock has seen losses in recent weeks. This includes names of all sizes, and from across all industries; as the reason for the dip, a surprise jump in inflation is effectively bad for everyone.
Is It Worth Investing in Wells Fargo & Co. (NYSE: WFC) Right Now?
Wells Fargo & Co. (NYSE: WFC) has a price-to-earnings ratio of 12.49x that is above its average ratio. Additionally, the 36-month beta value for WFC is 1.18. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 4 rating it as “overweight,” 15 rating it as “hold,” and 4 rating it as “sell.”
The public float for WFC is 3.54B and currently, short sellers hold a 0.92% ratio of that float. The average trading volume of WFC on April 29, 2024 was 19.24M shares.
WFC’s Market Performance
WFC stock saw an increase of -0.73% in the past week, with a monthly gain of 3.99% and a quarterly increase of 19.06%. The volatility ratio for the week is 1.80%, and the volatility levels for the last 30 days are 2.00% for Wells Fargo & Co. (WFC). The simple moving average for the past 20 days is 3.13% for WFC’s stock, with a 26.44% 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 5.87% 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 -3.00% of loss for the given period.
Volatility was left at 2.00%, however, over the last 30 days, the volatility rate increased by 1.80%, as shares surge +3.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.45% upper at present.
During the last 5 trading sessions, WFC fell by -0.73%, which changed the moving average for the period of 200-days by +38.49% in comparison to the 20-day moving average, which settled at $58.19. In addition, Wells Fargo & Co. saw 21.72% 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:
- 0.23 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 0.11. The debt to equity ratio resting at 1.64. The interest coverage ratio of the stock is 0.8.
Currently, EBITDA for the company is 43.27 billion with net debt to EBITDA at 6.33. When we switch over and look at the enterprise to sales, we see a ratio of 4.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.96.
Conclusion
In conclusion, Wells Fargo & Co. (WFC) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
