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As of close of business last night, Wells Fargo & Co.’s stock clocked out at $57.73, down -1.62% from its previous closing price of $58.68. In other words, the price has decreased by -$1.62 from its previous closing price. On the day, 18.58 million shares were traded. WFC stock price reached its highest trading level at $58.9901 during the session, while it also had its lowest trading level at $57.5.
Ratios:
To gain a deeper understanding of WFC’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 1.66 whereas as Long-Term Debt/Eq ratio is at 0.97.
On March 27, 2024, Keefe Bruyette Downgraded its rating to Mkt Perform which previously was Outperform and also upped its target price recommendation from $56 to $62.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 09 ’23 when DAVIS RICHARD K bought 3,500 shares for $41.22 per share. The transaction valued at 144,270 led to the insider holds 4,244 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WFC now has a Market Capitalization of 201265266688 and an Enterprise Value of 128198983680. As of this moment, Wells’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.04, and their Forward P/E ratio for the next fiscal year is 10.48. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.68 while its Price-to-Book (P/B) ratio in mrq is 1.25. Its current Enterprise Value per Revenue stands at 1.652.
Stock Price History:
Over the past 52 weeks, WFC has reached a high of $62.55, while it has fallen to a 52-week low of $38.38. The 50-Day Moving Average of the stock is -2.61%, while the 200-Day Moving Average is calculated to be 16.48%.
Shares Statistics:
It appears that WFC traded 17.48M shares on average per day over the past three months and 14156230 shares per day over the past ten days. A total of 3.60B shares are outstanding, with a floating share count of 3.48B. Insiders hold about 0.15% of the company’s shares, while institutions hold 78.00% stake in the company. Shares short for WFC as of 1715731200 were 38130739 with a Short Ratio of 2.18, compared to 1713139200 on 32497656. Therefore, it implies a Short% of Shares Outstanding of 38130739 and a Short% of Float of 1.0999999999999999.
Dividends & Splits
With its trailing 12-month dividend rate of 1.35, WFC has a forward annual dividend rate of 1.40. Against a Trailing Annual Dividend Yield of 0.023006136The stock’s 5-year Average Dividend Yield is 3.18.
