Wells Fargo & Co (NYSE: WFC) on Monday, plunged -0.43% from the previous trading day, before settling in for the closing price of $69.73. Within the past 52 weeks, WFC’s price has moved between $50.15 and $81.50.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 6.19%. The company achieved an average annual earnings per share of 8.51%. With a float of $3.26 billion, this company’s outstanding shares have now reached $3.26 billion.
Considering the fact that the conglomerate employs 217000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 101.33%, operating margin of 62.6%, and the pretax margin is 29.16%.
Wells Fargo & Co (WFC) Insider Activity
Observing investor behavior towards Banks – Diversified industry stocks is more important than anything else. The insider ownership of Wells Fargo & Co is 0.18%, while institutional ownership is 78.16%. 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 1.52 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.51% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.61% 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
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 1.83. Likewise, its price to free cash flow for the trailing twelve months is 7.63.
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 6.64 in one year’s time.
Technical Analysis of Wells Fargo & Co (WFC)
Compared to the last year’s volume of 17.82 million, its volume of 18.22 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 91.89%. Additionally, its Average True Range was 2.74.
During the past 100 days, Wells Fargo & Co’s (WFC) raw stochastic average was set at 47.70%, which indicates a significant decrease from 89.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.82% in the past 14 days, which was higher than the 35.47% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $70.77, while its 200-day Moving Average is $66.62. Nevertheless, the first resistance level for the watch stands at $70.44 in the near term. At $71.44, the stock is likely to face the second major resistance level. The third major resistance level sits at $72.33. If the price goes on to break the first support level at $68.55, it is likely to go to the next support level at $67.66. Should the price break the second support level, the third support level stands at $66.66.
Wells Fargo & Co (NYSE: WFC) Key Stats
Market capitalization of the company is 226.46 billion based on 3,265,159K outstanding shares. Right now, sales total 125,397 M and income totals 19,722 M. The company made 29,627 M in profit during its latest quarter, and 4,894 M in sales during its previous quarter.
