A new trading day began on Monday, with Wells Fargo & Co (NYSE: WFC) stock price down -2.30% from the previous day of trading, before settling in for the closing price of $74.33. WFC’s price has ranged from $44.65 to $78.13 over the past 52 weeks.
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Annual sales at Financial sector company grew by 6.37% over the past five years. Meanwhile, its annual earnings per share averaged 9.80%. With a float of $3.32 billion, this company’s outstanding shares have now reached $3.35 billion.
Let’s look at the performance matrix of the company that is accounted for 226000 employees. In terms of profitability, gross margin is 101.81%, operating margin of 30.28%, and the pretax margin is 26.3%.
Wells Fargo & Co (WFC) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Banks – Diversified Industry. The insider ownership of Wells Fargo & Co is 0.14%, while institutional ownership is 76.91%. 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) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.17 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 9.80% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.26% 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
Here are Wells Fargo & Co’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.88. Likewise, its price to free cash flow for the trailing twelve months is 5.92.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.81, a number that is poised to hit 1.33 in the next quarter and is forecasted to reach 5.59 in one year’s time.
Technical Analysis of Wells Fargo & Co (WFC)
Wells Fargo & Co (NYSE: WFC) saw its 5-day average volume 15.49 million, a negative change from its year-to-date volume of 18.06 million. As of the previous 9 days, the stock’s Stochastic %D was 16.97%. Additionally, its Average True Range was 1.70.
During the past 100 days, Wells Fargo & Co’s (WFC) raw stochastic average was set at 80.31%, which indicates a significant increase from 3.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.94% in the past 14 days, which was lower than the 34.55% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $67.29, while its 200-day Moving Average is $60.04. Nevertheless, the first resistance level for the watch stands at $73.97 in the near term. At $75.33, the stock is likely to face the second major resistance level. The third major resistance level sits at $76.10. If the price goes on to break the first support level at $71.84, it is likely to go to the next support level at $71.07. The third support level lies at $69.71 if the price breaches the second support level.
Wells Fargo & Co (NYSE: WFC) Key Stats
With a market capitalization of 241.79 billion, the company has a total of 3,329,491K Shares Outstanding. Currently, annual sales are 115,340 M while annual income is 19,142 M. The company’s previous quarter sales were 31,674 M while its latest quarter income was 5,114 M.
