As of Thursday close, Wells Fargo & Company’s (NYSE:WFC) stock was up $0.25, moving up 0.59 percent to $42.47. The average number of shares traded per day over the past five days has been 10,918,260 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.20 fall in that time frame. In the last twenty days, the average volume was 12,934,750, while in the previous 50 days, it was 15,726,762.
Since last month, WFC stock retreated -8.19%. Shares of the company fell to $42.13 on 08/16/23, the lowest level in the past month. A 52-week high of $48.84 was reached on 02/14/23 after having rallying from a 52-week low of $35.25. Since the beginning of this year, WFC’s stock price has risen by 2.86% or $1.18, and marked a new high 20 times. However, the stock has declined by -13.04% since its 52-week high.
WFC stock investors should be aware that Wells Fargo & Company (WFC) stock had its last reported insider trading activity 155 days ago on Mar 16. Norwood Felicia F, the Director of the company, purchased of 77 shares for $18.85 on Mar 16. It resulted in a $1,451 investment by the insider. Santos Kleber sold 34,698 shares at an average price of $46.27 on Feb 23. The insider now owns 19,590 shares following the transaction. On Dec 22, Sr. EVP and General Counsel Patterson Ellen R sold 2 shares at $40.64 apiece. The transaction was valued at $81.
Valuation Metrics
Right now, Wells Fargo & Company (WFC) has a P/E ratio of about 10.59. The stock’s beta is 1.14. Besides these, the trailing price-to-sales (P/S) ratio of 2.14, the price-to-book (PB) ratio of 0.98, and the price-to-cash flow ratio of 5.99 may also be considered.
The latest dividend of $0.35 per share was paid out, which is 16.67% more than last year’s $0.30. On Tuesday July 25 2023, a $0.05 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.92, and the total debt-to-equity ratio was 0.92. In the year ended June 29, operating margins totaled 65.40%. Based on annual data, WFC earned $44.95 billion in gross profit and brought in $54.02 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 12.30%. Return on equity (ROE) for the past 12 months was 9.50%.
In Wells Fargo & Company’s quarter-end financial report for June 29, it reported total debt of $170.63 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Wells Fargo & Company to report $1.15 quarterly earnings, the actual figure was $1.25 per share, beating the consensus estimate by 8.70%. The value of shareholders’ equity is $1.82 billion.
Technical Picture
This quick technical analysis looks at Wells Fargo & Company’s (WFC) price momentum. With a historical volatility rate of 14.94%, the RSI 9-day stood at 28.59% on 17 August.
With respect to its five-day moving average, the current Wells Fargo & Company price is down by -2.75% percent or -$1.20. At present, WFC shares trade -9.89% below its 20-day simple moving average and +17.22% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.93% above its SMA50 and -8.37% below its SMA200.
Stochastic coefficient K was 4.59% and Stochastic coefficient D was 6.46%, while ATR was 0.87. Given the Stochastic reading of 7.37% for the 14-day period, the RSI (14) reading has been calculated as 37.27%. As of today, the MACD Oscillator reading stands at -1.06, while the 14-day reading stands at -1.73.
Analyst Ratings
Wells Fargo & Company downgraded its rating on Wells Fargo & Company (NYSE: WFC) to a Hold in a note to investors on July 17, 2023. The analysts firm previously had a Buy rating on the stock.Wells Fargo & Company (WFC) has been rated Overweight by analysts. According to 0 brokerage firms, WFC is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Wells Fargo & Company stock as buy, with 16 recommending it as overweight.
With a median target price of $52.00, the current consensus forecast for the stock is $43.00 – $57.00. Based on these forecasts, analysts predict Wells Fargo & Company (WFC) will achieve an average price target of $50.57.
