WEX Inc (NYSE: WEX) kicked off on Monday, up 3.43% from the previous trading day, before settling in for the closing price of $180.44. Over the past 52 weeks, WEX has traded in a range of $161.95-$244.04.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 12.01%. While this was happening, its average annual earnings per share was recorded 9.20%. With a float of $40.75 million, this company’s outstanding shares have now reached $41.90 million.
Considering the fact that the conglomerate employs 7200 people, you should pay attention to its efficiency factor.
WEX Inc (WEX) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Software – Infrastructure Industry. The insider ownership of WEX Inc is 0.82%, while institutional ownership is 105.28%. The most recent insider transaction that took place on Jul 16 ’24, was worth 102,600. In this transaction Chief Financial Officer of this company sold 540 shares at a rate of $190.00, taking the stock ownership to the 7,628 shares. Before that another transaction happened on Jul 08 ’24, when Company’s Chief Financial Officer sold 540 for $180.00, making the entire transaction worth $97,200. This insider now owns 8,168 shares in total.
WEX Inc (WEX) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 4.05 earnings per share (EPS), higher than consensus estimate (set at 3.77) by 0.28. Wall Street market experts anticipate that the next fiscal year will bring earnings of 4.38 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 9.20% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.53% during the next five years compared to 9.78% growth over the previous five years of trading.
WEX Inc (NYSE: WEX) Trading Performance Indicators
Take a look at WEX Inc’s (WEX) current performance indicators. Last quarter, stock had a quick ratio of 1.03. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.90. Likewise, its price to free cash flow for the trailing twelve months is 15.32.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.79, a number that is poised to hit 4.45 in the next quarter and is forecasted to reach 18.51 in one year’s time.
Technical Analysis of WEX Inc (WEX)
Compared to the last year’s volume of 0.34 million, its volume of 0.56 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 45.45%. Additionally, its Average True Range was 5.40.
During the past 100 days, WEX Inc’s (WEX) raw stochastic average was set at 26.60%, which indicates a significant decrease from 75.60% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.61% in the past 14 days, which was higher than the 25.87% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $181.62, while its 200-day Moving Average is $198.67. Nevertheless, the first resistance level for the watch stands at $189.46 in the near term. At $192.30, the stock is likely to face the second major resistance level. The third major resistance level sits at $195.68. If the price goes on to break the first support level at $183.24, it is likely to go to the next support level at $179.86. Should the price break the second support level, the third support level stands at $177.02.
WEX Inc (NYSE: WEX) Key Stats
The company with the Market Capitalisation of 7.67 billion has total of 41,901K Shares Outstanding. Its annual sales at the moment are 2,548 M in contrast with the sum of 266,600 K annual income. Company’s last quarter sales were recorded 673,500 K and last quarter income was 77,000 K.
