Wells Fargo & Co(NYSE:WFC) share price soared 1.05% or 1.05 points to reach at $55.83 during previous trading session. The stock’s price fluctuated within the range of $55.22 – $56.05 during previous trading session. A total of 21.13M shares exchanged hands, whereas the company’s average trading volume stands at 16.98M shares. Wells Fargo & Co(NYSE:WFC) has a market capitalization of $281.89B and most recently 5.00B outstanding shares have been calculated.
In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions.
Relative strength index (RSI-14) for Wells Fargo & Co(NYSE:WFC) is at 37.70.
According to sentiments of 28 analysts the mean estimates of short term price target for the company’s stock is marked at $58.48. The most optimistic analyst sees the stock reaching $65.00 while the most conventional predicts the target price at $45.00.
The consensus means EPS for the current quarter is at $0.96 derived from a total of 28 estimates. According to analysts minimum EPS for the current quarter is expected at $0.91 and can go high up to $1.03. However a year ago during same quarter Wells Fargo & Co(NYSE:WFC) reported $0.99 EPS.
For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $1.04 per share according to consensus of 28 analysts.
According to sentiments of 19 analysts the company is expected to report revenues of $22.3B for the current quarter. Bearish revenue estimates established at $21.72B while the bullish revenue forecast has been figured out at $22.83B.
In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.75 on the shares of Wells Fargo & Co(NYSE:WFC). Out of rating recommendations 4 have given the stock a Buy while 8 recommend the stock as Outperform. 14 have given the stock a Hold rating, 2 as Underperform and 0 as Sell.
On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance. Wells Fargo & Co(NYSE:WFC) distance from 20 day simple moving average is -3.90% whereas its distance from 50 day simple moving average is -1.94% along with 10.48% distance from 200 day simple moving average.
An important factor to consider when evaluating a stock’s current and future value are the 52 week price high and low levels. Wells Fargo & Co(NYSE:WFC) shares were trading -6.93% below from the 52-week high mark of $59.99 and 30.14% above from the 52-week bottom of $42.90. The stock hit its 52-week high price on 03/01/17, and 52-week low price on 10/04/16.
When we have a peek on stock’s historical trends we come to know that, the stock has slipped -4.84% in the past one week and plunged -4.55% during previous one month drive, the stock went up 0.90% during past quarter. In the last six months the stock’s performance soared 23.97% while yearly performance of the company advanced 17.73%. The company’s year to date (YTD) performance is at 1.99%.
While taking a glance at financials, we can look at a number of key indicators. Wells Fargo & Co(NYSE:WFC) has a Return on Assets (ROA) of 1.10%. The company currently has a Return on Equity (ROE) of 11.60% and a Return on Investment (ROI) of 7.90%. Average true range (ATR-14) of the company sets at 0.94, along with its weekly and monthly volatility of 2.06%, 1.43% respectively. Beta value of the stock stands at 0.92.