Wells Fargo & Co (NYSE:WFC) shares, rose in value on Friday, January 03, with the stock price up by 0.17% to the previous day’s close as strong demand from buyers drove the stock to $70.31.
Actively observing the price movement in the recent trading, the stock is buoying the session at $70.19, falling within a range of $69.75 and $70.945. The value of beta (5-year monthly) is 1.136 whereas the PE ratio is 14.62 over 12-month period. Referring to stock’s 52-week performance, its high was $78.13, and the low was $46.12. On the whole, WFC has fluctuated by -5.17% over the past month.
With the market capitalization of Wells Fargo & Co currently standing at about $234.10 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.50, with its dividend yield at 2.13%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 82.4B, with a low estimate of 20.39B and a high estimate of 20.72B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 20.58B.
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 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 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.61, with the price of WFC currently trading nearly -1.14% and -0.97% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.04, while the 7-day volatility ratio is showing 1.47% which for the 30-day chart, stands at 2.12%. Furthermore, Wells Fargo & Co (WFC)’s beta value is 1.17, and its average true range (ATR) is 1.50.
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 0.17% in today’s session so far, and over the past year, it grew by 44.43%%.
Data on historical trading for Wells Fargo & Co (NYSE:WFC) indicates that the trading volumes over the past 10 days have averaged 14.2 and over the past 3 months, they’ve averaged 17.16 million. According to company’s latest data on outstanding shares, there are 3.35 billion shares outstanding.
Nearly 0.15% of Wells Fargo & Co’s shares belong to company insiders and institutional investors own 76.90% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 37.66 million shares as on 2024-12-13, resulting in a short ratio of 2.29. According to the data, the short interest in Wells Fargo & Co (WFC) stood at 113.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 36.6 million. The stock has risen by 0.10% 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.
