The stock of Wells Fargo & Co. (WFC) has seen a -12.49% decrease in the past week, with a -12.88% drop in the past month, and a -11.67% decrease in the past quarter. The volatility ratio for the week is 2.39%, and the volatility levels for the past 30 days are at 2.27% for WFC. The simple moving average for the last 20 days is -10.92% for WFC’s stock, with a simple moving average of -0.31% 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 11.14x compared to its average ratio, The 36-month beta value for WFC is at 1.17. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 4 rating it as “overweight,” 15 as “hold,” and 4 as “sell.”
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The public float for WFC is 3.48B, and currently, shorts hold a 0.97% of that float. The average trading volume for WFC on August 02, 2024 was 16.91M shares.
WFC) stock’s latest price update
Wells Fargo & Co. (NYSE: WFC)’s stock price has dropped by -7.09 in relation to previous closing price of 56.88. Nevertheless, the company has seen a loss of -12.49% in its stock price over the last five trading days. zacks.com reported 2024-07-31 that Wells Fargo’s (WFC) cost-saving initiatives, along with its rising deposit balance, are expected to support its financials. However, a subdued loan balance is likely to impede the top-line growth.
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 -10.51% 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 -15.52% of loss for the given period.
Volatility was left at 2.27%, however, over the last 30 days, the volatility rate increased by 2.39%, as shares sank -10.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.50% lower at present.
During the last 5 trading sessions, WFC fell by -11.96%, which changed the moving average for the period of 200-days by +27.65% in comparison to the 20-day moving average, which settled at $59.00. In addition, Wells Fargo & Co. saw 7.36% 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:
- 0.29 for the present operating margin
- 0.95 for the gross margin
The net margin for Wells Fargo & Co. stands at 0.22. The total capital return value is set at 0.02. Equity return is now at value 10.51, with 0.98 for asset returns.
Based on Wells Fargo & Co. (WFC), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 1.69. 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 17.61. When we switch over and look at the enterprise to sales, we see a ratio of 9.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.93.
Conclusion
In conclusion, Wells Fargo & Co. (WFC) has had a mixed performance lately. Opinion on the stock among analysts is bullish, 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.
