Wells Fargo & Co. (NYSE:WFC) price on current trading day, rose 0.12% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $64.64.
A look at the stock’s price movement, the level at last check in today’s session was $64.56, moving within a range at $64.325 and $64.975. The beta value (5-Year monthly) was 1.159 while the PE ratio in trailing twelve months stood at 13.43. Turning to its 52-week performance, $65.21 and $38.58 were the 52-week high and 52-week low respectively. Overall, WFC moved 20.57% over the past month.
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Wells Fargo & Co.’s market cap currently stands at around $220.00 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Jan-15. The company has a Forward Dividend ratio of 1.45, with its dividend yield at 2.24%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 20.48B for the company’s revenue for the quarter, with a low and high estimate of 20.22B and 20.64B respectively.
Turning to the stock’s technical picture we see that short term indicators suggest on average that WFC is a 100% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
18 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 6 analyst(s) rate the stock as a Hold, 12 recommend WFC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 1.60, with WFC’s current price about 7.58% and 12.76% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 74.53, while 7-day volatility ratio is 1.67% and 2.12% in the 30-day chart. Further, Wells Fargo & Co. (WFC) has a beta value of 1.15, and an average true range (ATR) of 1.36. Analysts have given the company’s stock an average 52-week price target of $62, forecast between a low of $50 and high of $75. Looking at the price targets, the low is 22.65% off recent price level in today’s trading while to achieve the yearly target high, it has to move -16.03%. Nonetheless, investors will most likely welcome a 4.08% jump to $62 which is the analysts’ median price.
If we refocus on Wells Fargo & Co. (NYSE:WFC), historical trading data shows that trading volumes averaged 21.71 over the past 10 days and 17.45 million over the past 3 months. The company’s latest data on shares outstanding shows there are 3.60 billion shares.
The 0.14% of Wells Fargo & Co.’s shares are in the hands of company insiders while institutional holders own 76.45% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 31.01 million on 2024-09-30, giving us a short ratio of 1.48. The data shows that as of 2024-09-30 short interest in Wells Fargo & Co. (WFC) stood at 91.0 of shares outstanding, with shares short falling to 36.58 million registered in 2024-08-30. Current price change has pushed the stock 31.32% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the WFC stock continues to rise going into the next quarter.
