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WEX Inc (NYSE: WEX) closed the day trading at $181.13 down -14.98% from the previous closing price of $213.04. In other words, the price has decreased by -$14.98 from its previous closing price. On the day, 2.47 million shares were traded. WEX stock price reached its highest trading level at $188.8 during the session, while it also had its lowest trading level at $179.46.
Ratios:
For a better understanding of WEX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.46 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.87. For the most recent quarter (mrq), Quick Ratio is recorded 1.03 and its Current Ratio is at 1.03. In the meantime, Its Debt-to-Equity ratio is 2.36 whereas as Long-Term Debt/Eq ratio is at 1.66.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Wells Fargo on June 05, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $200.
Wolfe Research Upgraded its Peer Perform to Outperform on October 17, 2023, while the target price for the stock was maintained at $240.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 13 ’24 when Narula Jagtar sold 508 shares for $200.00 per share. The transaction valued at 101,600 led to the insider holds 7,120 shares of the business.
Narula Jagtar bought 508 shares of WEX for $101,557 on Sep 13 ’24. On Aug 21 ’24, another insider, Deshaies Robert Joseph, who serves as the COO, Benefits of the company, sold 1,651 shares for $181.67 each. As a result, the insider received 299,937 and left with 7,757 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WEX now has a Market Capitalization of 7441545216 and an Enterprise Value of 8955643904. As of this moment, WEX’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.27, and their Forward P/E ratio for the next fiscal year is 10.19. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.82 while its Price-to-Book (P/B) ratio in mrq is 4.21. Its current Enterprise Value per Revenue stands at 3.391 whereas that against EBITDA is 9.909.
Stock Price History:
Over the past 52 weeks, WEX has reached a high of $244.04, while it has fallen to a 52-week low of $161.95. The 50-Day Moving Average of the stock is -9.17%, while the 200-Day Moving Average is calculated to be -10.55%.
Shares Statistics:
Over the past 3-months, WEX traded about 371.61K shares per day on average, while over the past 10 days, WEX traded about 564690 shares per day. A total of 41.90M shares are outstanding, with a floating share count of 40.74M. Insiders hold about 0.83% of the company’s shares, while institutions hold 100.70% stake in the company. Shares short for WEX as of 1727654400 were 1888709 with a Short Ratio of 5.08, compared to 1724976000 on 1951925. Therefore, it implies a Short% of Shares Outstanding of 1888709 and a Short% of Float of 5.1499999999999995.
