In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
WEX Inc (NYSE: WEX) closed the day trading at $215.03 down -7.84% from the previous closing price of $233.31. In other words, the price has decreased by -$7.84 from its previous closing price. On the day, 0.76 million shares were traded. WEX stock price reached its highest trading level at $221.64 during the session, while it also had its lowest trading level at $212.0.
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 1.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.35. For the most recent quarter (mrq), Quick Ratio is recorded 1.05 and its Current Ratio is at 1.06. In the meantime, Its Debt-to-Equity ratio is 2.36 whereas as Long-Term Debt/Eq ratio is at 1.73.
On October 17, 2023, Wolfe Research Upgraded its rating to Outperform which previously was Peer Perform but kept the price unchanged to $240.
On July 07, 2023, Deutsche Bank started tracking the stock assigning a Hold rating and target price of $190.Deutsche Bank initiated its Hold rating on July 07, 2023, with a $190 target price.
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 Mar 19 ’24 when Narula Jagtar sold 309 shares for $233.24 per share. The transaction valued at 72,071 led to the insider holds 5,528 shares of the business.
Narula Jagtar sold 1,725 shares of WEX for $381,346 on Mar 05 ’24. The Chief Financial Officer now owns 1,759 shares after completing the transaction at $221.07 per share. On Feb 23 ’24, another insider, Deshaies Robert Joseph, who serves as the COO, Americas of the company, sold 1,500 shares for $221.85 each. As a result, the insider received 332,775 and left with 5,570 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 9775005696 and an Enterprise Value of 9685847040. As of this moment, WEX’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.94, and their Forward P/E ratio for the next fiscal year is 11.56. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.47 while its Price-to-Book (P/B) ratio in mrq is 4.95. Its current Enterprise Value per Revenue stands at 3.801 whereas that against EBITDA is 11.406.
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 -6.60%, while the 200-Day Moving Average is calculated to be 7.41%.
Shares Statistics:
Over the past 3-months, WEX traded about 292.44K shares per day on average, while over the past 10 days, WEX traded about 301890 shares per day. A total of 41.90M shares are outstanding, with a floating share count of 41.41M. Insiders hold about 0.78% of the company’s shares, while institutions hold 101.32% stake in the company. Shares short for WEX as of 1713139200 were 885674 with a Short Ratio of 3.03, compared to 1710460800 on 801932. Therefore, it implies a Short% of Shares Outstanding of 885674 and a Short% of Float of 2.3599999.
