With 0.64 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.46 million shares. The 52-week range on WEX shows that it touched its highest point at $244.04 and its lowest point at $146.03 during that stretch. It currently has a 1-year price target of $163.85. Beta for the stock currently stands at 1.61.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WEX was up-trending over the past week, with a rise of 2.08%, but this was down by -14.25% over a month. Three-month performance dropped to -13.13% while six-month performance fell -14.93%. The stock lost -28.93% in the past year, while it has lost -9.95% so far this year. A look at the trailing 12-month EPS for WEX yields 7.50 with Next year EPS estimates of 16.71. For the next quarter, that number is 3.37. This implies an EPS growth rate of -2.08% for this year and 11.67% for next year. EPS is expected to grow by 6.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 27.08%.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WEX since 6 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $15.30372 being high and $15.23365 being low. For WEX, this leads to a yearly average estimate of $15.26368. Based on analyst estimates, the high estimate for the next quarter is $3.86 and the low estimate is $3.38. The average estimate for the next quarter is thus $3.61.
