As of Wednesday close, Wells Fargo & Company’s (NYSE:WFC) stock was down -$0.35, moving down -0.81 percent to $42.87. The average number of shares traded per day over the past five days has been 23,220,061 shares. 3 times new highs have been achieved over the past 5 days, with a $0.62 gain in that time frame. In the last twenty days, the average volume was 16,608,180, while in the previous 50 days, it was 15,560,914.
Since last month, WFC stock rose 0.89%. Shares of the company fell to $40.30 on 09/07/23, 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 3.83% or $1.58, and marked a new high 20 times. However, the stock has declined by -12.22% since its 52-week high.
WFC stock investors should be aware that Wells Fargo & Company (WFC) stock had its last reported insider trading activity 189 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 10.69. The stock’s beta is 1.13. Besides these, the trailing price-to-sales (P/S) ratio of 2.17, the price-to-book (PB) ratio of 0.99, and the price-to-cash flow ratio of 6.07 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 $3.66 billion.
Technical Picture
This quick technical analysis looks at Wells Fargo & Company’s (WFC) price momentum. With a historical volatility rate of 18.54%, the RSI 9-day stood at 56.71% on 20 September.
With respect to its five-day moving average, the current Wells Fargo & Company price is up by +1.47% percent or $0.62. At present, WFC shares trade +3.30% above its 20-day simple moving average and +8.09% percent above its 100-day simple moving average. However, the stock is currently trading approximately +0.30% above its SMA50 and -8.53% below its SMA200.
Stochastic coefficient K was 84.80% and Stochastic coefficient D was 87.72%, while ATR was 0.88. Given the Stochastic reading of 74.69% for the 14-day period, the RSI (14) reading has been calculated as 53.44%. As of today, the MACD Oscillator reading stands at 0.66, while the 14-day reading stands at 1.13.
Analyst Ratings
HSBC Securities launched its rating on Wells Fargo & Company (NYSE: WFC) to a Hold in a note to investors on September 07, 2023. Wells Fargo & Company (WFC) has been rated Overweight by analysts. According to 0 brokerage firms, WFC is a sell, and 9 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 $51.50, the current consensus forecast for the stock is $43.00 – $65.00. Based on these forecasts, analysts predict Wells Fargo & Company (WFC) will achieve an average price target of $50.48.
