A new trading day began on Monday, with Wells Fargo & Co (NYSE: WFC) stock price up 1.09% from the previous day of trading, before settling in for the closing price of $72.36. WFC’s price has ranged from $50.15 to $81.50 over the past 52 weeks.
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Financial Sector giant saw their annual sales surged by 3.68% over the last five years. Meanwhile, its annual earnings per share averaged 9.06%. With a float of $3.25 billion, this company’s outstanding shares have now reached $3.26 billion.
The firm has a total of 217000 workers. Let’s measure their productivity. In terms of profitability, gross margin is 62.53%, operating margin of 18.7%, and the pretax margin is 18.7%.
Wells Fargo & Co (WFC) Insider Activity
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 0.17%, while institutional ownership is 78.11%. 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
According to the Wall Street analysts, stocks earnings will be around 9.06% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.99% 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
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 1.91. Likewise, its price to free cash flow for the trailing twelve months is 9.39.
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 6.66 in one year’s time.
Technical Analysis of Wells Fargo & Co (WFC)
Analysing the last 5-days average volume posted by the [Wells Fargo & Co, WFC], we can find that recorded value of 16.65 million was lower than the volume posted last year of 17.2 million. As of the previous 9 days, the stock’s Stochastic %D was 12.98%. Additionally, its Average True Range was 1.66.
During the past 100 days, Wells Fargo & Co’s (WFC) raw stochastic average was set at 63.82%, which indicates a significant increase from 17.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.48% in the past 14 days, which was lower than the 34.25% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $71.29, while its 200-day Moving Average is $69.61. Now, the first resistance to watch is $73.61. This is followed by the second major resistance level at $74.06. The third major resistance level sits at $74.40. If the price goes on to break the first support level at $72.81, it is likely to go to the next support level at $72.47. Should the price break the second support level, the third support level stands at $72.02.
Wells Fargo & Co (NYSE: WFC) Key Stats
With a market capitalization of 238.04 billion, the company has a total of 3,254,182K Shares Outstanding. Currently, annual sales are 125,397 M while annual income is 19,722 M. The company’s previous quarter sales were 29,627 M while its latest quarter income was 4,894 M.
