Wells Fargo & Company (NYSE:WFC) shares fell to a low of $28.04 before closing at $28.06. Intraday shares traded counted 41.88 million, which was 1.24% higher than its 30-day average trading volume of 42.41M. WFC’s previous close was $27.35 while the outstanding shares total 4.13B. The firm has a beta of 1.30, a 12-month trailing P/E ratio of 75.43. The stock’s Relative Strength Index (RSI) is 67.27, with weekly volatility at 3.22% and ATR at 0.97. The WFC stock’s 52-week price range has touched low of $20.76 and a $54.56 high. The stock traded higher over the last trading session, gaining 2.60% on 12/01/20.
Investors have identified the Banks – Diversified company Wells Fargo & Company as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $116.54 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Potential earnings growth for Wells Fargo & Company (WFC)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Wells Fargo & Company recorded a total of 10.8 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -52.77% coming in sequential stages and their sales for the third quarter reducing by -9.27%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 1.43 billion trying to sell their products during the last quarter, with the result yielding a gross income of 9.37 billion. This allows shareholders to hold on to 4.13B with the revenue now reading 0.42 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.47 cents a share).
Having a look at the company’s valuation, the company is expected to record 4.38 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on WFC sounds very interesting.
Is the stock of WFC attractive?
In related news, Sr. Executive Vice President, Van Beurden Saul bought 60 shares of the company’s stock in a transaction that recorded on Nov 19. The purchase was performed at an average price of 26.18, for a total value of 1,571. As the purchase deal closes, the Director, NOSKI CHARLES H now bought 20,000 shares of the company’s stock, valued at 590,600. Also, CEO & President, SCHARF CHARLES W bought 173,000 shares of the company’s stock in a deal that was recorded on Mar 13. The shares were cost at an average price of 28.69 per share, with a total market value of 4,963,370. Following this completion of disposal, the Vice Chairman – Public Affairs, DALEY WILLIAM M now holds 11,100 shares of the company’s stock, valued at 454,989. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.13%.