The trading price of Wells Fargo & Co. (NYSE:WFC) closed higher on Friday, April 19, closing at $60.35, 2.74% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 12.58. In examining the 52-week price action we see that the stock hit a 52-week high of $59.13 and a 52-week low of $36.40. Over the past month, the stock has gained 5.32% in value.
Wells Fargo & Co., whose market valuation is $213.66 billion at the time of this writing. The dividend yield on the company stock is 2.24%, while its Forward Dividend ratio is 1.35. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Wells Fargo & Co. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest WFC has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.89, which symbolizes a positive outlook. A quick review shows that WFC’s price is currently 5.42% off the SMA20 and 9.00% off the SMA50. The RSI metric on the 14-day chart is currently showing 70.98, and weekly volatility stands at 2.60%. When measured over the past 30 days, the indicator reaches 1.93%. Wells Fargo & Co. (NYSE:WFC)’s beta value is currently sitting at 1.18, while the Average True Range indicator is currently displaying 1.25.
To see how Wells Fargo & Co. stock has been performing in comparison to its peers in the industry, here are the numbers: WFC stock’s performance was 2.74% in the latest trading, and 42.87% in the past year. Wells Fargo & Co. has a P/E ratio of 12.58.
An evaluation of the daily trading volume of Wells Fargo & Co. (NYSE:WFC) indicates that the 3-month average is 18.85 million.
Currently, records show that 3.60 billion of the company’s shares remain outstanding. The insiders hold 0.15% of outstanding shares, whereas institutions hold 78.17%. However, since the stock’s price has seen 22.61% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
