Wells Fargo & Co. (NYSE:WFC) saw an upside of 0.80% to close Monday at $41.56 after adding $0.33 on the day. The 5-day average trading volume is 14,902,480 shares of the company’s common stock. It has gained $43.74 in the past week and touched a new high 1 time within the past 5 days. An average of 16,986,820 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 15,150,260.
WFC’s 1-month performance is 0.31% or $0.33 on its low of $40.30 reached on 09/07/23. 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 0.65% or $0.27 and has reached a new high 20 times. However, the current price is down -14.91% 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 1.13. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.22 while the price-to-book (PB) in the most recent quarter is 0.95, with the price to cash flow ratio at 4.17.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.91, while the total debt to equity was 1.44. 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 June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected WFC to announce $1.15 per share in earnings in its latest quarter, but it posted $1.25, representing a 8.70% surprise. Shareholders hold equity totaling $3.66 billion.
Let’s look briefly at Wells Fargo & Co. (WFC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 41.80% to suggest the stock is trending Neutral, with historical volatility in this time period at 20.16%.
The stock’s 5-day moving average is $42.24, reflecting a -4.31% or -$1.87 change from its current price. WFC is currently trading +0.80% above its 20-day SMA, +7.00% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -4.59% and SMA200 by-4.24%.
Stochastic %K and %D was 40.78% and 55.67% and the average true range (ATR) pointed at 0.91. The RSI (14) points at 43.63%, while the 14-day stochastic is at 36.62% with the period’s ATR at 0.90. The stock’s 9-day MACD Oscillator is pointing at -0.84 and -0.38 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Wells Fargo & Co. (NYSE: WFC), HSBC Securities launched coverage with a Hold rating. 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 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 15 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 $43.00 and a high of $65.00, with their median price target at $51.50. Looking at these predictions, the average price target given by analysts is for Wells Fargo & Co. (WFC) stock is $50.48.
