On Monday, Wells Fargo & Co (NYSE: WFC) was -1.08% drop from the session before settling in for the closing price of $64.71. A 52-week range for WFC has been $50.15 – $81.50.
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During the last 5-year period, the sales growth of Financial Sector giant was 6.19%. When this article was written, the company’s average yearly earnings per share was at 8.42%. With a float of $3.26 billion, this company’s outstanding shares have now reached $3.26 billion.
Let’s determine the extent of company efficiency that accounts for 217000 employees. 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 Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Wells Fargo & Co stocks. The insider ownership of Wells Fargo & Co is 0.18%, while institutional ownership is 78.08%. 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) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.53 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.42% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.64% during the next five years compared to 5.77% growth over the previous five years of trading.
Wells Fargo & Co (NYSE: WFC) Trading Performance Indicators
You can see what Wells Fargo & Co (WFC) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.69. Likewise, its price to free cash flow for the trailing twelve months is 7.04.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.57, a number that is poised to hit 1.41 in the next quarter and is forecasted to reach 6.65 in one year’s time.
Technical Analysis of Wells Fargo & Co (WFC)
Looking closely at Wells Fargo & Co (NYSE: WFC), its last 5-days average volume was 20.63 million, which is a jump from its year-to-date volume of 17.79 million. As of the previous 9 days, the stock’s Stochastic %D was 67.49%. Additionally, its Average True Range was 2.99.
During the past 100 days, Wells Fargo & Co’s (WFC) raw stochastic average was set at 24.22%, which indicates a significant decrease from 39.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 62.95% in the past 14 days, which was higher than the 34.77% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $71.86, while its 200-day Moving Average is $66.40. However, in the short run, Wells Fargo & Co’s stock first resistance to watch stands at $64.98. Second resistance stands at $65.95. The third major resistance level sits at $66.74. If the price goes on to break the first support level at $63.22, it is likely to go to the next support level at $62.43. Should the price break the second support level, the third support level stands at $61.46.
Wells Fargo & Co (NYSE: WFC) Key Stats
There are 3,265,159K outstanding shares of the company, which has a market capitalization of 209.00 billion. As of now, sales total 125,397 M while income totals 19,722 M. Its latest quarter income was 29,627 M while its last quarter net income were 4,894 M.
