Wendy’s Co (NASDAQ:WEN) shares, rose in value on Thursday, November 21, with the stock price up by 1.06% to the previous day’s close as strong demand from buyers drove the stock to $18.11.
Actively observing the price movement in the last trading, the stock closed the session at $17.92, falling within a range of $17.7 and $18.13. The value of beta (5-year monthly) was 0.783 whereas the PE ratio was 19.27 over 12-month period. Referring to stock’s 52-week performance, its high was $20.65, and the low was $15.61. On the whole, WEN has fluctuated by -5.58% over the past month.
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With the market capitalization of Wendy’s Co currently standing at about $3.69 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 1.00, with its dividend yield at 5.52%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.23B, with a low estimate of 548.1M and a high estimate of 585.5M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 563.34M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WEN’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.82, with the price of WEN currently trading nearly -5.41% and -2.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.15, while the 7-day volatility ratio is showing 3.10% which for the 30-day chart, stands at 2.89%. Furthermore, Wendy’s Co (WEN)’s beta value is 0.77, and its average true range (ATR) is 0.55.
A comparison of Wendy’s Co (WEN) with its peers suggests the former has fared considerably weaker in the market. WEN showed an intraday change of 1.06% in last session, and over the past year, it shrunk by -3.77%%.
Data on historical trading for Wendy’s Co (NASDAQ:WEN) indicates that the trading volumes over the past 10 days have averaged 3.63 and over the past 3 months, they’ve averaged 3.47 million. According to company’s latest data on outstanding shares, there are 205.40 million shares outstanding.
Nearly 8.94% of Wendy’s Co’s shares belong to company insiders and institutional investors own 80.46% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.83 million shares as on 2024-10-31, resulting in a short ratio of 2.62. According to the data, the short interest in Wendy’s Co (WEN) stood at 734.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 13.41 million. The stock has fallen by -7.03% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WEN stock heading into the next quarter.
