The stock of Wells Fargo & Co. (NYSE: WFC) has decreased by -1.38 when compared to last closing price of 65.43. Despite this, the company has experienced a 0.26% gain in its stock price over the last five trading sessions. reuters.com reported 2024-10-24 that Wells Fargo Chief Executive Officer Charlie Scharf said on Thursday that the U.S. lender may lose $2 billion to $3 billion on its commercial real estate office loan portfolio.
Is It Worth Investing in Wells Fargo & Co. (NYSE: WFC) Right Now?
The price-to-earnings ratio for Wells Fargo & Co. (NYSE: WFC) is 13.41x, which is above its average ratio. Moreover, the 36-month beta value for WFC is 1.15. 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.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for WFC is 3.40B and currently, short sellers hold a 1.05% of that float. On October 28, 2024, WFC’s average trading volume was 17.56M shares.
WFC’s Market Performance
WFC’s stock has seen a 0.26% increase for the week, with a 14.44% rise in the past month and a 8.29% gain in the past quarter. The volatility ratio for the week is 1.91%, and the volatility levels for the past 30 days are at 1.91% for Wells Fargo & Co. The simple moving average for the past 20 days is 6.57% for WFC’s stock, with a 13.82% simple moving average for the past 200 days.
Analysts’ Opinion of WFC
Many brokerage firms have already submitted their reports for WFC stocks, with Wolfe Research repeating the rating for WFC by listing it as a “Outperform.” The predicted price for WFC in the upcoming period, according to Wolfe Research is $65 based on the research report published on October 08, 2024 of the current year 2024.
Evercore ISI, on the other hand, stated in their research note that they expect to see WFC reach a price target of $65, previously predicting the price at $67. The rating they have provided for WFC stocks is “Outperform” according to the report published on September 06th, 2024.
Deutsche Bank gave a rating of “Buy” to WFC, setting the target price at $65 in the report published on September 03rd of the current year.
WFC Trading at 12.16% 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 -1.59% of loss for the given period.
Volatility was left at 1.91%, however, over the last 30 days, the volatility rate increased by 1.91%, as shares surge +15.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.25% upper at present.
During the last 5 trading sessions, WFC rose by +0.26%, which changed the moving average for the period of 200-days by +31.48% in comparison to the 20-day moving average, which settled at $60.55. In addition, Wells Fargo & Co. saw 31.11% 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 Williams Ather III, who sale 60,000 shares at the price of $63.70 back on Oct 16 ’24. After this action, Williams Ather III now owns 163,610 shares of Wells Fargo & Co., valued at $3,822,000 using the latest closing price.
Williams Ather III, the Director of Wells Fargo & Co., proposed sale 60,000 shares at $63.70 during a trade that took place back on Oct 16 ’24, which means that Williams Ather III is holding shares at $3,822,000 based on the most recent closing price.
Stock Fundamentals for WFC
Current profitability levels for the company are sitting at:
- 0.3 for the present operating margin
- 1.0 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 9.94, with 0.94 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 0.08. The debt to equity ratio resting at 1.6. The interest coverage ratio of the stock is 0.78.
Currently, EBITDA for the company is 43.27 billion with net debt to EBITDA at 1.6. When we switch over and look at the enterprise to sales, we see a ratio of 3.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.85.
Conclusion
To wrap up, the performance of Wells Fargo & Co. (WFC) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
