This Is Too Hot For WEX Inc (NYSE: WEX), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Most recently, Yahoo Finance reported about the stock as it publicized that WEX Board of Directors Authorizes Increased Share Repurchase Program.

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Stocks Info

As a NYSE listed company, WEX falls under the Technology sector while operating within the Software – Infrastructure industry segment. At the end of the last regular session, the stock closed at $221.28 and fluctuated between $224.61 as its day high and $220.93 as its day low. The current market capitalization of WEX Inc is $9.46B. A total of 0.31 million shares were traded on the day, compared to an average of 329.68K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, WEX has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 81 BUYs and 71 SELLs from insiders. Insiders purchased 128,020 shares during that period but sold 83,112.

In the most recent transaction, Smith Melissa D sold 41,107 shares of WEX for 205.00 per share on Jan 22. After the transaction, the Chair, CEO, and President now owns 81,998 company shares. In a previous transaction on Dec 29, Deshaies Robert Joseph sold 1,000 shares at 195.98 per share. WEX shares that COO, Americas owns now total 7,070.

Among the insiders who sold shares, VANWOERKOM JACK disposed of 2,000 shares on Nov 21 at a per-share price of $174.38. This resulted in the Director holding 8,319 shares of WEX after the transaction. In another insider transaction, Kimball Jennifer sold 399 shares at $173.87 per share on Nov 07. Company shares held by the Chief Accounting Officer now total 911.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for WEX in the last 3 months, the mean price target is $235.33 with high estimates of $272.00 and low estimates of $202.00. In terms of 52-week highs and lows, WEX has a high of $224.25 and a low of $161.95.

As of this writing, WEX has an earnings estimate of $WEC Energy Group, Inc. per share for the current quarter. EPS was calculated based on a consensus of Wendy’s Company (The) estimates, with a high estimate of $Wallbox N.V. per share and a lower estimate of $Western Midstream Partners, LP.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. WEX’s latest balance sheet shows that the firm has $1.54B in Cash & Short Term Investments as of fiscal 2021. There were $2.85B in debt and $4.40B in liabilities at the time. Its Book Value Per Share was $39.73, while its Total Shareholder’s Equity was $2.09B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WEX is Buy with a score of 4.00.

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