Wells Fargo & Co. (NYSE:WFC) price closed lower on Friday, April 12, dropping -0.39% below its previous close.
A look at the daily price movement shows that the last close reads $56.69. The company’s 5Y monthly beta was ticking 1.21 while its P/E ratio in the trailing 12-month period read 11.78. Taking into account the 52-week price action we note that the stock hit a 52-week high of $58.44 and 52-week low of $36.40. The stock subtracted -2.33% on its value in the past month.
Wells Fargo & Co., which has a market valuation of $199.93 billion, is expected to release its quarterly earnings report Jul 12, 2024. The company stock has a Forward Dividend ratio of 1.35, while the dividend yield is 2.39%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give WFC a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.77. The overview shows that WFC’s price is at present -1.46% off the SMA20 and 3.51% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 49.43, with weekly volatility standing at 2.03%. The indicator jumps to 1.77% when calculated based on the past 30 days. Wells Fargo & Co. (NYSE:WFC)’s beta value is holding at 1.21, while the average true range (ATR) indicator is currently reading 1.07. An analysis of the Wells Fargo & Co. (NYSE:WFC) stock in terms of its daily trading volume indicates that the 3-month average is 18.75 million.
Current records show that the company has 3.60B in outstanding shares. The insiders’ percentage holdings are 0.15% of outstanding shares while the percentage share held by institutions stands at 78.20%. But the 14.73% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
