On Friday, Wells Fargo & Co. (NYSE: WFC) opened lower -1.38% from the last session, before settling in for the closing price of $65.43. Price fluctuations for WFC have ranged from $38.58 to $65.57 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 6.37%. Company’s average yearly earnings per share was noted 9.06% at the time writing. With a float of $3.40 billion, this company’s outstanding shares have now reached $3.60 billion.
The extent of productivity of a business whose workforce counts for 226000 workers is very important to gauge. In terms of profitability, gross margin is 100.0%, operating margin of 30.28%, and the pretax margin is 26.3%.
Wells Fargo & Co. (WFC) Insider Updates
A key investor’s attitude towards the stock of the Banks – Diversified industry is another important factor to consider. The insider ownership of Wells Fargo & Co. is 0.14%, while institutional ownership is 76.53%. The most recent insider transaction that took place on Oct 16 ’24, was worth 3,822,000. In this transaction Sr. Executive Vice President of this company sold 60,000 shares at a rate of $63.70, taking the stock ownership to the 163,610 shares. Before that another transaction happened on Oct 16 ’24, when Company’s Director proposed sale 60,000 for $63.70, making the entire transaction worth $3,822,000.
Wells Fargo & Co. (WFC) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 1.29 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 1.17) by 0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 9.06% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.39% during the next five years compared to 2.48% growth over the previous five years of trading.
Wells Fargo & Co. (NYSE: WFC) Trading Performance Indicators
Check out the current performance indicators for Wells Fargo & Co. (WFC). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.71. Likewise, its price to free cash flow for the trailing twelve months is 5.68.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.81, a number that is poised to hit 1.32 in the next quarter and is forecasted to reach 5.51 in one year’s time.
Technical Analysis of Wells Fargo & Co. (WFC)
The latest stats from [Wells Fargo & Co., WFC] show that its last 5-days average volume of 18.68 million was superior to 18.08 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 82.20%. Additionally, its Average True Range was 1.43.
During the past 100 days, Wells Fargo & Co.’s (WFC) raw stochastic average was set at 91.01%, which indicates a significant increase from 84.01% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.85% in the past 14 days, which was lower than the 31.09% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $57.53, while its 200-day Moving Average is $56.70. Now, the first resistance to watch is $65.57. This is followed by the second major resistance level at $66.61. The third major resistance level sits at $67.28. If the price goes on to break the first support level at $63.87, it is likely to go to the next support level at $63.20. Assuming the price breaks the second support level, the third support level stands at $62.16.
Wells Fargo & Co. (NYSE: WFC) Key Stats
There are currently 3,486,315K shares outstanding in the company with a market cap of 219.65 billion. Presently, the company’s annual sales total 115,340 M according to its annual income of 19,142 M. Last quarter, the company’s sales amounted to 31,674 M and its income totaled 5,114 M.
