Wendy’s Co (NASDAQ:WEN) shares, rose in value on Friday, April 26, with the stock price up by 2.89% to the previous day’s close as strong demand from buyers drove the stock to $20.39.
Actively observing the price movement in the recent trading, the stock is buoying the session at $19.82. The PE ratio was 21.09 over 12-month period. Referring to stock’s 52-week performance, its high was $23.90, and the low was $17.64. On the whole, WEN has fluctuated by 7.90% over the past month.
The company’s Forward Dividend Ratio is 1.00, with its dividend yield at 4.90%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.26B, with a low estimate of 523M and a high estimate of 552.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 540.8M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WEN’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.95, with the price of WEN currently trading nearly 7.80% and 9.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 73.91, while the 7-day volatility ratio is showing 1.82% which for the 30-day chart, stands at 1.98%. Furthermore, Wendy’s Co (WEN)’s beta value is 0.79, and its average true range (ATR) is 0.40.
A comparison of Wendy’s Co (WEN) with its peers suggests the former has fared considerably weaker in the market. WEN showed an intraday change of 2.89% in today’s session so far, and over the past year, it shrunk by -6.75%%.
Data on historical trading for Wendy’s Co (NASDAQ:WEN) indicates that the trading volumes over the past 3 months, they’ve averaged 2.93 million. According to company’s latest data on outstanding shares, there are 205.40 million shares outstanding.
Nearly 8.84% of Wendy’s Co’s shares belong to company insiders and institutional investors own 78.71% of the company’s shares. The stock has risen by 4.69% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WEN stock heading into the next quarter.
