Wells Fargo & Company (NYSE:WFC) saw a downside of -0.02% to close Monday at $42.49 after subtracting -$0.01 on the day. The 5-day average trading volume is 11,999,200 shares of the company’s common stock. It has gained $43.26 in the past week and touched a new high 1 time within the past 5 days. An average of 12,691,205 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 15,495,894.
WFC’s 1-month performance is -7.55% or -$3.47 on its low of $42.05 reached on 08/18/23. The company’s shares have touched a 52-week low of $35.25 and high of $48.84, with the stock’s rally to the 52-week high happening on 02/14/23. YTD, WFC has achieved 2.91% or $1.20 and has reached a new high 20 times. However, the current price is down -13.00% from the 52-week high price.
Insider Transactions
WFC stock investors last saw insider trading activity on Mar 16.Santos Kleber (Sr. Executive Vice President) most recently sold 34,698 shares at $46.27 per share on Feb 23. This transaction cost the insider $1,605,476. Sr. EVP and General Counsel, Patterson Ellen R, sold 2 shares at a price of $40.64 on Dec 22.
Valuation Metrics
WFC stock has a beta of 1.14. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.14 while the price-to-book (PB) in the most recent quarter is 0.98, with the price to cash flow ratio at 6.00.
The firm’s gross profit as reported stood at $44.95 billion against revenue of $54.02 billion.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. Shareholders hold equity totaling $1.82 billion.
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 21 August was 29.12% to suggest the stock is trending oversold, with historical volatility in this time period at 14.31%.
The stock’s 5-day moving average is $42.48, reflecting a -2.86% or -$1.25 change from its current price. WFC is currently trading -8.47% above its 20-day SMA, +14.28% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +0.28% and SMA200 by-9.50%.
Stochastic %K and %D was 10.12% and 7.15% and the average true range (ATR) pointed at 0.84. The RSI (14) points at 37.52%, while the 14-day stochastic is at 12.05% with the period’s ATR at 0.90. The stock’s 9-day MACD Oscillator is pointing at -0.54 and -1.22 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Wells Fargo & Company (NYSE: WFC), Odeon downgraded it to a Hold rating. They previously had a Buy rating on the stock.
What is WFC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $43.00 and a high of $57.00, with their median price target at $52.00. Looking at these predictions, the average price target given by analysts is for Wells Fargo & Company (WFC) stock is $50.57.
