Wells Fargo & Co (NYSE: WFC) on Monday, plunged -1.95% from the previous trading day, before settling in for the closing price of $80.67. Within the past 52 weeks, WFC’s price has moved between $47.47 and $81.50.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 6.04%. The company achieved an average annual earnings per share of 10.65%. With a float of $3.28 billion, this company’s outstanding shares have now reached $3.29 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 101.84%, operating margin of 34.59%, and the pretax margin is 29.16%.
Wells Fargo & Co (WFC) Insider and Institutional Ownership
Observing investor behavior towards Banks – Diversified industry stocks is more important than anything else. The insider ownership of Wells Fargo & Co is 0.27%, while institutional ownership is 77.56%. 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 1.47 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 10.65% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.59% during the next five years compared to 5.79% growth over the previous five years of trading.
Wells Fargo & Co (NYSE: WFC) Trading Performance Indicators
Wells Fargo & Co (WFC) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.06. Likewise, its price to free cash flow for the trailing twelve months is 6.37.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.38, a number that is poised to hit 1.25 in the next quarter and is forecasted to reach 6.93 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 17.18 million was superior to 15.35 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 75.39%. Additionally, its Average True Range was 1.60.
During the past 100 days, Wells Fargo & Co’s (WFC) raw stochastic average was set at 91.48%, which indicates a significant increase from 48.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.32% in the past 14 days, which was lower than the 31.74% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $74.26, while its 200-day Moving Average is $63.52. Now, the first resistance to watch is $80.36. This is followed by the second major resistance level at $81.63. The third major resistance level sits at $82.68. If the price goes on to break the first support level at $78.04, it is likely to go to the next support level at $76.99. The third support level lies at $75.72 if the price breaches the second support level.
Wells Fargo & Co (NYSE: WFC) Key Stats
Market capitalization of the company is 260.15 billion based on 3,329,491K outstanding shares. Right now, sales total 125,397 M and income totals 19,722 M. The company made 30,597 M in profit during its latest quarter, and 5,079 M in sales during its previous quarter.
