$3.63M in average volume shows that Wendy’s Co (WEN) is heading in the right direction

On Friday, Wendy’s Co (NASDAQ: WEN) opened higher 3.96% from the last session, before settling in for the closing price of $16.90. Price fluctuations for WEN have ranged from $15.61 to $20.84 over the past 52 weeks.

Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 6.58%. Company’s average yearly earnings per share was noted 1.88% at the time writing. With a float of $185.19 million, this company’s outstanding shares have now reached $205.40 million.

Considering the fact that the conglomerate employs 15300 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 29.8%, operating margin of 16.61%, and the pretax margin is 12.63%.

Wendy’s Co (WEN) Insider Activity

A key investor’s attitude towards the stock of the Restaurants industry is another important factor to consider. The insider ownership of Wendy’s Co is 8.88%, while institutional ownership is 78.68%. The most recent insider transaction that took place on Aug 08 ’24, was worth 17,180,000. In this transaction Director of this company sold 1,000,000 shares at a rate of $17.18, taking the stock ownership to the 14,943,466 shares. Before that another transaction happened on Aug 08 ’24, when Company’s Director sold 1,000,000 for $17.18, making the entire transaction worth $17,180,000. This insider now owns 14,943,466 shares in total.

Wendy’s Co (WEN) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around 1.88% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.77% during the next five years compared to 10.66% growth over the previous five years of trading.

Wendy’s Co (NASDAQ: WEN) Trading Performance Indicators

Check out the current performance indicators for Wendy’s Co (WEN). In the past quarter, the stock posted a quick ratio of 2.15. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.63. Likewise, its price to free cash flow for the trailing twelve months is 13.73.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.97, a number that is poised to hit 0.26 in the next quarter and is forecasted to reach 1.07 in one year’s time.

Technical Analysis of Wendy’s Co (WEN)

Compared to the last year’s volume of 3.48 million, its volume of 3.06 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 67.41%. Additionally, its Average True Range was 0.46.

During the past 100 days, Wendy’s Co’s (WEN) raw stochastic average was set at 38.83%, which indicates a significant decrease from 90.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.50% in the past 14 days, which was higher than the 26.65% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $16.93, while its 200-day Moving Average is $18.18. Nevertheless, the first resistance level for the watch stands at $17.86 in the near term. At $18.15, the stock is likely to face the second major resistance level. The third major resistance level sits at $18.61. If the price goes on to break the first support level at $17.11, it is likely to go to the next support level at $16.65. Should the price break the second support level, the third support level stands at $16.36.

Wendy’s Co (NASDAQ: WEN) Key Stats

There are currently 205,133K shares outstanding in the company with a market cap of 3.57 billion. Presently, the company’s annual sales total 2,182 M according to its annual income of 204,440 K. Last quarter, the company’s sales amounted to 570,730 K and its income totaled 54,640 K.