WEX Inc [WEX] stock prices are up 1.09% to $180.32 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WEX shares have gain 0.13% over the last week, with a monthly amount drifted -14.67%, and not 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 October 28, 2024, when Wolfe Research downgraded its rating to a Peer Perform. Previously, Wells Fargo started tracking the stock with Equal Weight rating on June 05, 2024, and set its price target to $200. Wolfe Research upgraded its rating to a Outperform but stick to its price target of $240 on October 17, 2023. Deutsche Bank initiated its recommendation with a Hold and recommended $190 as its price target on July 07, 2023. In a note dated April 05, 2022, Wells Fargo initiated an Overweight rating and provided a target price of $205 on this stock.
The stock price of WEX Inc [WEX] has been fluctuating between $165.51 and $244.04 over the past year. Currently, Wall Street analysts expect the stock to reach $219.83 within the next 12 months. WEX Inc [NYSE: WEX] shares were valued at $180.32 at the most recent close of the market. An investor can expect a potential return of 21.91% based on the average WEX price forecast.
Analyzing the WEX fundamentals
The WEX Inc [NYSE:WEX] reported sales of 2.65B for trailing twelve months, representing a surge of 2.16%. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.19 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.73.
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 178.04 points at the first support level, and at 175.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 181.65, and for the 2nd resistance point, it is at 182.97.
Ratios To Look Out For
It’s worth pointing out that WEX Inc [NYSE:WEX]’s Current Ratio is 1.04. As well, the Quick Ratio is 1.04, while the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 2.70, the price to book ratio is 4.28 and price to earnings (TTM) ratio is 22.85.
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.
