Wendy’s Co (NASDAQ:WEN) shares, rose in value on Wednesday, May 07, with the stock price down by -0.93% to the previous day’s close as strong demand from buyers drove the stock to $11.76.
Actively observing the price movement in the last trading, the stock closed the session at $11.87. The PE ratio was 12.55 over 12-month period. Referring to stock’s 52-week performance, its high was $20.60, and the low was $11.75. On the whole, WEN has fluctuated by -10.77% over the past month.
With the market capitalization of Wendy’s Co currently standing at about $2.26 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.00, with its dividend yield at 8.50%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.21B, with a low estimate of 549.08M and a high estimate of 577M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 560.78M.
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 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.40, with the price of WEN currently trading nearly -7.03% and -15.96% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 26.21, while the 7-day volatility ratio is showing 4.11% which for the 30-day chart, stands at 3.98%. Furthermore, Wendy’s Co (WEN)’s beta value is 0.38, and its average true range (ATR) is 0.46.
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 -0.93% in last session, and over the past year, it shrunk by -41.02%%.
Data on historical trading for Wendy’s Co (NASDAQ:WEN) indicates that the trading volumes over the past 3 months, they’ve averaged 5.77 million. According to company’s latest data on outstanding shares, there are 195.85 million shares outstanding.
Nearly 8.99% of Wendy’s Co’s shares belong to company insiders and institutional investors own 88.98% of the company’s shares. The stock has fallen by -27.85% 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.
