The stock of WEX Inc (NYSE: WEX) has decreased by -3.73 when compared to last closing price of 178.79. Despite this, the company has experienced a -7.11% fall in its stock price over the last five trading sessions. pymnts.com reported 2024-07-25 that Global commerce platform WEX is looking to artificial intelligence (AI) and commercial electric vehicles (EVs) as opportunities for growth after reporting record quarterly revenue.
Is It Worth Investing in WEX Inc (NYSE: WEX) Right Now?
The price-to-earnings ratio for WEX Inc (NYSE: WEX) is above average at 27.96x. The 36-month beta value for WEX is also noteworthy at 1.54. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 3 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
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The public float for WEX is 41.56M, and at present, short sellers hold a 1.73% of that float. The average trading volume of WEX on July 26, 2024 was 370.99K shares.
WEX’s Market Performance
WEX stock saw a decrease of -7.11% in the past week, with a monthly decline of -1.62% and a quarterly a decrease of -26.22%. The volatility ratio for the week is 3.14%, and the volatility levels for the last 30 days are 2.43% for WEX Inc (WEX). The simple moving average for the past 20 days is -4.82% for WEX’s stock, with a -13.41% simple moving average for the past 200 days.
Analysts’ Opinion of WEX
Many brokerage firms have already submitted their reports for WEX stocks, with Wells Fargo repeating the rating for WEX by listing it as a “Equal Weight.” The predicted price for WEX in the upcoming period, according to Wells Fargo is $200 based on the research report published on June 05, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see WEX reach a price target of $210. The rating they have provided for WEX stocks is “Neutral” according to the report published on October 20th, 2023.
Wolfe Research gave a rating of “Outperform” to WEX, setting the target price at $240 in the report published on October 17th of the previous year.
WEX Trading at -5.99% from the 50-Day Moving Average
After a stumble in the market that brought WEX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.47% of loss for the given period.
Volatility was left at 2.43%, however, over the last 30 days, the volatility rate increased by 3.14%, as shares sank -1.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.51% lower at present.
During the last 5 trading sessions, WEX fell by -7.11%, which changed the moving average for the period of 200-days by -6.46% in comparison to the 20-day moving average, which settled at $180.74. In addition, WEX Inc saw -11.52% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WEX starting from Narula Jagtar, who sale 540 shares at the price of $190.00 back on Jul 16 ’24. After this action, Narula Jagtar now owns 7,628 shares of WEX Inc, valued at $102,600 using the latest closing price.
Narula Jagtar, the Chief Financial Officer of WEX Inc, sale 540 shares at $180.00 during a trade that took place back on Jul 08 ’24, which means that Narula Jagtar is holding 8,168 shares at $97,200 based on the most recent closing price.
Stock Fundamentals for WEX
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.58 for the gross margin
The net margin for WEX Inc stands at 0.09. The total capital return value is set at 0.13. Equity return is now at value 15.34, with 1.95 for asset returns.
Based on WEX Inc (WEX), the company’s capital structure generated 0.7 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 2.36. The interest coverage ratio of the stock is 7.1.
Currently, EBITDA for the company is 923.3 million with net debt to EBITDA at 4.57. When we switch over and look at the enterprise to sales, we see a ratio of 4.07. The receivables turnover for the company is 0.67for trailing twelve months and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.06.
Conclusion
In summary, WEX Inc (WEX) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as 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.
