The price-to-earnings ratio for Wells Fargo & Co. (NYSE: WFC) is 11.47x, which is above its average ratio. Moreover, the 36-month beta value for WFC is 1.16. Analysts have varying opinions 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 3.40B and currently, short sellers hold a 0.94% of that float. On September 30, 2024, WFC’s average trading volume was 17.61M shares.
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WFC) stock’s latest price update
Wells Fargo & Co. (NYSE: WFC)’s stock price has decreased by -0.87 compared to its previous closing price of 56.39. However, the company has seen a -0.69% decrease in its stock price over the last five trading sessions. pymnts.com reported 2024-09-27 that Fiserv disclosed Wednesday (Sept. 25) that it expects its merchant acquiring joint venture with Wells Fargo to expire April 1, 2025.
WFC’s Market Performance
WFC’s stock has fallen by -0.69% in the past week, with a monthly drop of -2.05% and a quarterly drop of -5.88%. The volatility ratio for the week is 3.17% while the volatility levels for the last 30 days are 3.08% for Wells Fargo & Co. The simple moving average for the past 20 days is 1.29% for WFC’s stock, with a 0.68% simple moving average for the past 200 days.
Analysts’ Opinion of WFC
Many brokerage firms have already submitted their reports for WFC stocks, with Evercore ISI repeating the rating for WFC by listing it as a “Outperform.” The predicted price for WFC in the upcoming period, according to Evercore ISI is $65 based on the research report published on September 06, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see WFC reach a price target of $65. The rating they have provided for WFC stocks is “Buy” according to the report published on September 03rd, 2024.
Compass Point gave a rating of “Neutral” to WFC, setting the target price at $64 in the report published on April 09th of the current year.
WFC Trading at 0.14% 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 -10.63% of loss for the given period.
Volatility was left at 3.08%, however, over the last 30 days, the volatility rate increased by 3.17%, as shares sank -2.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.64% lower at present.
During the last 5 trading sessions, WFC fell by -0.69%, which changed the moving average for the period of 200-days by +21.52% in comparison to the 20-day moving average, which settled at $55.11. In addition, Wells Fargo & Co. saw 13.57% 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
- 0.92 for the gross margin
The net margin for Wells Fargo & Co. stands at 0.23. 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 0.13. 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 2.08. When we switch over and look at the enterprise to sales, we see a ratio of 3.14. The receivables turnover for the company is 1.86for 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 1.01.
Conclusion
To wrap up, the performance of Wells Fargo & Co. (WFC) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
