Wells Fargo & Company (NYSE:WFC) finished Thursday with an addition of $0.21 to close at $41.33, an upside of 0.51 percent. An average of 12,266,800 shares of common stock have been traded in the last five days. There was a gain of $0.21 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 20,229,150 shares traded, while the 50-day average volume stands at 17,974,924.
WFC stock has decreased by -13.12% in the last month. The company shares reached their 1-month lowest point of $40.02 on 12/22/22. With the stock rallying to its 52-week high on 02/10/22, shares of the company touched a low of $36.54 and a high of $60.30 in 52 weeks. It has reached a new high 12 times so far this year and lost -13.86% or -$6.65 in price. In spite of this, the price is down -31.46% from the 52-week high.
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WFC stock investors should be aware that Wells Fargo & Company (WFC) stock had its last reported insider trading activity 241 days ago on May 03.
Wells Fargo & Company (WFC) has a trailing price-to-earnings (P/E) ratio of 10.74. The stock’s beta is 1.18. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.37, the price-to-book (PB) ratio at 1.00, and the price-to-cash flow ratio at 7.53.
The company has a payout ratio of 25.80%. The company’s most recent quarterly dividend payment was $0.30 a share, without any change from last year. Its latest increase dividend $0.05 reported on Tuesday July 26 2022.
Further, the company has a long term debt to equity ratio of 1.00 and a total debt to equity ratio of 1.00 for the quarter ending September 29. Its gross profit as reported stood at $35.78 billion compared to revenue of $39.69 billion.
For the three-month period that ended September 29, Wells Fargo & Company had $156.41 billion in total debt. The analyst consensus anticipated Wells Fargo & Company’s latest quarter earnings to come in at $1.09 per share, but it turned out to be $0.85, a -22.00% surprise. At the end of the quarter ending September 29, Wells Fargo & Company’s stock balance sheet showed total debt was $232.62 billion. Shareholders own equity worth $3.81 billion.
From a technical analysis perspective, let’s take a brief look at Wells Fargo & Company (WFC) price momentum. RSI 9-day as of the close on 29 December was 37.13%, suggesting the stock is Neutral, with historical volatility in this time frame at 15.65%.
As of today, WFC’s price is $41.03 +0.51% or $0.21 from its 5-day moving average. WFC is currently trading -13.81% lower than its 20-day SMA and -4.31% lower than its 100-day SMA. However, the stock’s current price level is -7.48% below the SMA50 and -17.52% below the SMA200.
The stochastic %K and %D were 28.16% and 25.86%, respectively, and the average true range (ATR) was 0.86. With the 14-day stochastic at 32.27% and the average true range at 0.95, the RSI (14) stands at 36.65%. The stock has reached 0.02 on the 9-day MACD Oscillator while the 14-day reading was at -0.39.
Goldman upgraded Wells Fargo & Company (NYSE: WFC) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral.