Wells Fargo & Co (NYSE:WFC) shares, rose in value on Thursday, February 13, with the stock price down by -0.50% to the previous day’s close as strong demand from buyers drove the stock to $78.85.
Actively observing the price movement in the last trading, the stock closed the session at $79.25. The PE ratio was 14.67 over 12-month period. Referring to stock’s 52-week performance, its high was $81.50, and the low was $47.59. On the whole, WFC has fluctuated by 10.76% over the past month.
With the market capitalization of Wells Fargo & Co currently standing at about $259.33 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 1.55, with its dividend yield at 1.97%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 84.96B, with a low estimate of 20.55B and a high estimate of 21.2B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 20.82B.
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 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% 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 1.08, with the price of WFC currently trading nearly 0.35% and 5.97% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.43, while the 7-day volatility ratio is showing 2.20% which for the 30-day chart, stands at 1.88%. Furthermore, Wells Fargo & Co (WFC)’s beta value is 1.16, and its average true range (ATR) is 1.55.
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 -0.50% in last session, and over the past year, it grew by 61.18%%.
Data on historical trading for Wells Fargo & Co (NYSE:WFC) indicates that the trading volumes over the past 3 months, they’ve averaged 15.80 million. According to company’s latest data on outstanding shares, there are 3.29 billion shares outstanding.
Nearly 0.18% of Wells Fargo & Co’s shares belong to company insiders and institutional investors own 76.87% of the company’s shares. The stock has risen by 12.26% 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.
