The trading price of Wells Fargo & Co (NYSE:WFC) closed higher on Tuesday, January 21, and closing at $77.85, 1.00% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $77.33 and $78.29. The company’s P/E ratio in the trailing 12-month period was 14.48, while its 5Y monthly beta was 1.136. In examining the 52-week price action we see that the stock hit a 52-week high of $78.13 and a 52-week low of $46.12. Over the past month, the stock has gained 9.94% in value.
Wells Fargo & Co, whose market valuation is $259.20 billion at the time of this writing, is expected to release its quarterly earnings report in February. The dividend yield on the company stock is 1.93%, while its Forward Dividend ratio is 1.50. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest WFC has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned WFC a recommendation rating is 18. Out of them, 6 rate it a Hold, while 12 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Wells Fargo & Co (WFC) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.11, which symbolizes a positive outlook. A quick review shows that WFC’s price is currently 8.12% off the SMA20 and 7.04% off the SMA50. The RSI metric on the 14-day chart is currently showing 71.43, and weekly volatility stands at 2.38%. When measured over the past 30 days, the indicator reaches 2.15%. Wells Fargo & Co (NYSE:WFC)’s beta value is currently sitting at 1.17, while the Average True Range indicator is currently displaying 1.76. With analysts defining $60-$92 as the low and high price targets, we arrive at a consensus price target of $66 for the trailing 12-month period. The current price is about 22.93% off the estimated low and -18.18% off the forecast high, based on this estimate. Investors will be thrilled if WFC’s share price rises to $66, which is the median consensus price. At that level, WFC’s share price would be 15.22% above current price.
To see how Wells Fargo & Co stock has been performing in comparison to its peers in the industry, here are the numbers: WFC stock’s performance was 1.00% in the latest trading, and 67.64% in the past year. Wells Fargo & Co has a P/E ratio of 14.48.
An evaluation of the daily trading volume of Wells Fargo & Co (NYSE:WFC) indicates that the 3-month average is 17.16 million. However, this figure has increased over the past 10 days to an average of 17.86.
Currently, records show that 3.33 billion of the company’s shares remain outstanding. The insiders hold 0.15% of outstanding shares, whereas institutions hold 76.94%. The stats also highlight that short interest as of 2024-12-31, stood at 30.06 million shares, resulting in a short ratio of 1.95 at that time. From this, we can conclude that short interest is 90.00 of the company’s total outstanding shares. It is noteworthy that short shares in December were down slightly from the previous month’s figure, which was 39.7 million. However, since the stock’s price has seen 10.83% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
