Wells Fargo is the fourth largest American bank by assets and the third largest by market value, which is about $217 billion.
A beta of 1 indicates that the security's price moves with the market. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company's stock. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time.
The stock needs to grow about $8.81 to reach its price target. The stock was given Sector Perform rating by RBC Capital Mkts in its report released on January 2nd, 2019. ValuEngine downgraded shares of Hasbro from a "buy" rating to a "hold" rating in a research note on Saturday, December 1st. This was contained in the firm's report on November 2nd, 2018.More news: Fisher-Price recalls 'Rock 'N Play' sleepers linked to infant deaths
Shares traded up about 2.2% to $48.81 early Friday. The consensus now stands at a Hold while its average price target is $56.60. The relative strength index (RSI) is claimed to depict the latest and past performances of the stock market, based upon the ending price volumes of the current trading period. Presently, the 14-day ATR for Wells Fargo & Company (NYSE:WFC) is spotted at 0.91. The Average Daily Trading Volume (ADTV) demonstrates trading activity related to the liquidity of the security. When E (EPS) increase, P (Market Price) will also raise, but it is point worth mentioning that, EPS of company is reported once every quarter. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 1.32. WFC 52-week low price stands at $43.02 while its 52-week high price is $59.53.
Analysts had expected earnings of $1.09 per share on revenue of $21.0 billion.
For the first quarter, the bank reported that net income rose to $5.51 billion, or $1.20 per share, from $4.73 billion, or 96 cents per share, the previous year. The company traded 425833 shares over the course of the trading day.More news: Father claims Jovic to reject Barcelona, Man City for Frankfurt
Although Wells Fargo topped revenue estimates, the bank's revenue still declined year-over-year from United States dollars 21.9 Billion. Relative volume is a great indicator to keep a close eye on, but like most indicators it works best in conjunction with other indicators and on different time frames.
"Trading marginally better than forecast; investment banking well ahead - we expect management to speak to improved conditions as the quarter progressed", the bank's analysts wrote. It started the day trading at $5.11 and traded between $4.96 and $5.05 throughout the trading session.
A number of other hedge funds have also recently bought and sold shares of WFC. The company's average trading volume now stands at 30.18M shares, which means that the short-interest ratio is just 2.24 days. Looking further, the stock has dropped -23.83% over the past 90 days while it lost -16.39% over the last six months. Athena Capital Advisors LLC acquired a new stake in shares of Wells Fargo & Co in the 4th quarter valued at $42,000.More news: Tsunami warning issued after 6.8 magnitude natural disaster off Indonesian coast - geophysics agency