Woori Financial Group Inc ADR (WF) stock forecast: Can it reach its 52-week high of $38.05

At the time of writing, Woori Financial Group Inc ADR [WF] stock is trading at $34.74, saw in change for the day. An important factor to consider is whether the stock is rising or falling in short-term value. The WF shares have gain 7.89% over the last week, with a monthly amount glided 1.16%, and seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

Woori Financial Group Inc ADR [NYSE: WF] stock has seen the most recent analyst activity on January 16, 2024, when BofA Securities upgraded its rating to a Buy. Previously, BofA Securities downgraded its rating to Neutral on March 02, 2023, and dropped its price target to $31.15. On January 10, 2022, upgrade upgraded it’s rating to Buy. Daiwa Securities upgraded its rating to a Outperform. CLSA upgraded its rating to Buy for this stock on March 27, 2019.

For the past year, the stock price of Woori Financial Group Inc ADR fluctuated between $28.49 and $38.05. Woori Financial Group Inc ADR [NYSE: WF] shares were valued at $34.74 at the most recent close of the market.

Analyzing the WF fundamentals

According to Woori Financial Group Inc ADR [NYSE:WF], the company’s sales were 19.37B for trailing twelve months, which represents an -6.90% plunge. Gross Profit Margin for this corporation currently stands at 1.39% with Operating Profit Margin at 0.74%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.09 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.4.

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 34.28 points at the first support level, and at 33.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.25, and for the 2nd resistance point, it is at 35.76.

Ratios To Look Out For

It is important to note that Woori Financial Group Inc ADR [NYSE:WF] has a current ratio of 0.65. Considering the valuation of this stock, the price to sales ratio is 0.44, the price to book ratio is 0.42 and price to earnings (TTM) ratio is 3.99.

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