Wells Fargo & Co. (NYSE:WFC) shares, rose in value, with the stock price up by 0.36% to the previous day’s close as strong demand from buyers drove the stock to $57.75.
Actively observing the price movement in the last trading, the stock closed the session at $57.54, falling within a range of $57.36 and $58.39. The value of beta (5-year monthly) was 1.159 whereas the PE ratio was 11.85 over 12-month period. Referring to stock’s 52-week performance, its high was $62.55, and the low was $38.58. On the whole, WFC has fluctuated by 7.48% over the past month.
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With the market capitalization of Wells Fargo & Co. currently standing at about $196.57 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November. The company’s Forward Dividend Ratio is 1.45, with its dividend yield at 2.51%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 82.28B, with a low estimate of 19.9B and a high estimate of 20.7B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 20.41B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WFC’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.46, with the price of WFC currently trading nearly 3.92% and 4.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.32, while the 7-day volatility ratio is showing 1.65% which for the 30-day chart, stands at 2.50%. Furthermore, Wells Fargo & Co. (WFC)’s beta value is 1.16, and its average true range (ATR) is 1.36.
A comparison of Wells Fargo & Co. (WFC) with its peers suggests the former has fared considerably weaker in the market. WFC showed an intraday change of 0.36% in last session, and over the past year, it grew by 45.03%%.
Data on historical trading for Wells Fargo & Co. (NYSE:WFC) indicates that the trading volumes over the past 10 days have averaged 12.1 and over the past 3 months, they’ve averaged 17.29 million. According to company’s latest data on outstanding shares, there are 3.60 billion shares outstanding.
Nearly 0.15% of Wells Fargo & Co.’s shares belong to company insiders and institutional investors own 76.47% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 31.01 million shares as on 2024-09-30, resulting in a short ratio of 1.48. According to the data, the short interest in Wells Fargo & Co. (WFC) stood at 91.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 36.58 million. The stock has risen by 17.33% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WFC stock heading into the next quarter.
