Why You Need Wells Fargo & Company (WFC) On Your Watchlist


Wells Fargo & Company (NYSE:WFC) saw an upside of 2.53% to close Monday at $45.03 after adding $1.11 on the day. The 5-day average trading volume is 21,449,141 shares of the company’s common stock. It has gained $45.18 in the past week and touched a new high 3 times within the past 5 days. An average of 18,077,645 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 18,505,396.

WFC’s 1-month performance is 9.88% or $4.05 on its low of $40.46 reached on 01/13/23. The company’s shares have touched a 52-week low of $36.54 and high of $60.30, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, WFC has achieved 9.06% or $3.74 and has reached a new high 8 times. However, the current price is down -25.32% from the 52-week high price.

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Insider Transactions

WFC stock investors last saw insider trading activity on May 03.Santos Kleber (Sr. Executive Vice President) most recently sold 22,700 shares at $44.44 per share on May 03. This transaction cost the insider $1,008,788.

Valuation Metrics

WFC stock has a beta of 1.17. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.11 while the price-to-book (PB) in the most recent quarter is 1.09, with the price to cash flow ratio at 39.36.

As well, the company’s long term debt to equity for the quarter ending December 30 was 1.00, while the total debt to equity was 1.00. The firm’s gross profit as reported stood at $44.95 billion against revenue of $54.02 billion.

Earnings Surprise

For the quarterly period ending December 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected WFC to announce $0.66 per share in earnings in its latest quarter, but it posted $0.61, representing a -7.60% surprise.

Let’s look briefly at Wells Fargo & Company (WFC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 70.46% to suggest the stock is trending Overbought, with historical volatility in this time period at 24.27%.

The stock’s 5-day moving average is $43.88, reflecting a +1.83% or $0.81 change from its current price. WFC is currently trading +9.51% above its 20-day SMA, +2.53% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -4.56% and SMA200 by-6.42%.

Stochastic %K and %D was 80.07% and 75.33% and the average true range (ATR) pointed at 1.19. The RSI (14) points at 63.92%, while the 14-day stochastic is at 96.82% with the period’s ATR at 1.13. The stock’s 9-day MACD Oscillator is pointing at 0.46 and 0.85 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Wells Fargo & Company (NYSE: WFC), Piper Sandler downgraded it to a Neutral rating. They previously had an Overweight rating on the stock. Analysts offering their rating for WFC stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate WFC as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 7 rates the stock as overweight while 16 have offered a “buy” rating.

What is WFC’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $45.00 and a high of $65.00, with their median price target at $53.00. Looking at these predictions, the average price target given by analysts is for Wells Fargo & Company (WFC) stock is $53.13.


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