WEX Inc (NYSE:WEX) shares traded -1.35% lower at $174.83 on Wall Street last session.
WEX stock price is now -2.10% away from the 50-day moving average and -9.42% away from the 200-day moving average. The market capitalization of the company currently stands at $6.96B.
With the price target reduced from $207 to $200, Barclays Downgraded its rating from Overweight to Equal Weight for WEX Inc (NYSE: WEX). , while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
In other news, Deshaies Robert Joseph, COO, Benefits sold 175 shares of the company’s stock on Nov 29 ’24. The stock was sold for $33,152 at an average price of $189.44. Upon completion of the transaction, the COO, Benefits now directly owns 7,582 shares in the company, valued at $1.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 29 ’24, Officer Deshaies Robert Joseph bought 175 shares of the business’s stock. A total of $33,152 was incurred on buying the stock at an average price of $189.44. A total of 0.86% of the company’s stock is owned by insiders.
During the past 12 months, WEX Inc has had a low of $165.51 and a high of $244.04. As of last week, the company has a debt-to-equity ratio of 2.73, a current ratio of 1.04, and a quick ratio of 1.04. According to the stock market information, the enterprise value for the company is $7256216576, which is based on a 22.16 price-to-earnings ratio, a 2.52 price-to-earnings-growth ratio, and a beta of 1.58. The fifty day moving average price for WEX is $178.5722 and a two-hundred day moving average price translates $193.0156 for the stock.
The latest earnings results from WEX Inc (NYSE: WEX) was released for 2024-09-30. The net profit margin was 12.45% and return on equity was 19.60% for WEX. The company reported revenue of $665.5 million for the quarter, compared to $651.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.16 percent.
