WEX Inc [WEX] stock prices are down -2.45% to $204.63 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The WEX shares have gain 1.08% over the last week, with a monthly amount glided 9.28%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
WEX Inc [NYSE: WEX] stock has seen the most recent analyst activity on June 05, 2024, when Wells Fargo initiated its Equal Weight rating and assigned the stock a price target of $200. On October 17, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $240 on the stock. Deutsche Bank started tracking the stock assigning a Hold rating and suggested a price target of $190 on July 07, 2023. Wells Fargo started tracking with a Overweight rating for this stock on April 05, 2022, and assigned it a price target of $205. In a note dated October 13, 2021, BofA Securities upgraded an Buy rating on this stock but restated the target price of $233.
The stock price of WEX Inc [WEX] has been fluctuating between $161.95 and $244.04 over the past year. Currently, Wall Street analysts expect the stock to reach $216.64 within the next 12 months. WEX Inc [NYSE: WEX] shares were valued at $204.63 at the most recent close of the market. An investor can expect a potential return of 5.87% based on the average WEX price forecast.
Analyzing the WEX fundamentals
The WEX Inc [NYSE:WEX] reported sales of 2.64B for trailing twelve months, representing a surge of 8.40%. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.14 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.36.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 202.46 points at the first support level, and at 200.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 208.08, and for the 2nd resistance point, it is at 211.53.
Ratios To Look Out For
It’s worth pointing out that WEX Inc [NYSE:WEX]’s Current Ratio is 1.03. In addition, the Quick Ratio stands at 1.03 and the Cash Ratio stands at 0.2. Considering the valuation of this stock, the price to sales ratio is 3.18, the price to book ratio is 4.76 and price to earnings (TTM) ratio is 35.32.
Transactions by insiders
Recent insider trading involved Narula Jagtar, Chief Financial Officer, that happened on Sep 13 ’24 when 508.0 shares were sold. Officer, Narula Jagtar completed a deal on Sep 13 ’24 to buy 508.0 shares. Meanwhile, COO, Benefits Deshaies Robert Joseph sold 1651.0 shares on Aug 21 ’24.
