On Friday, Wells Fargo & Co (NYSE: WFC) opened lower -0.91% from the last session, before settling in for the closing price of $71.76. Price fluctuations for WFC have ranged from $46.12 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. Company’s average yearly earnings per share was noted 9.70% at the time writing. 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 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 0.15%, while institutional ownership is 76.90%. 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
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 9.70% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.07% 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 1.82. Likewise, its price to free cash flow for the trailing twelve months is 5.75.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.81, a number that is poised to hit 1.34 in the next quarter and is forecasted to reach 5.61 in one year’s time.
Technical Analysis of Wells Fargo & Co (WFC)
Wells Fargo & Co (NYSE: WFC) saw its 5-day average volume 16.11 million, a negative change from its year-to-date volume of 17.97 million. As of the previous 9 days, the stock’s Stochastic %D was 78.17%. Additionally, its Average True Range was 1.59.
During the past 100 days, Wells Fargo & Co’s (WFC) raw stochastic average was set at 74.85%, which indicates a significant increase from 42.09% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.27% in the past 14 days, which was lower than the 32.64% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $70.53, while its 200-day Moving Average is $60.99. Nevertheless, the first resistance level for the watch stands at $71.69 in the near term. At $72.27, the stock is likely to face the second major resistance level. The third major resistance level sits at $72.80. If the price goes on to break the first support level at $70.58, it is likely to go to the next support level at $70.05. Assuming the price breaks the second support level, the third support level stands at $69.47.
Wells Fargo & Co (NYSE: WFC) Key Stats
There are currently 3,329,491K shares outstanding in the company with a market cap of 234.62 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.
