Wendy’s Co (WEN) concluded trading on Wednesday at a closing price of $19.18, with 3.99 million shares of worth about $76.56 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -3.23% during that period and on October 23, 2024 the price saw a gain of about 1.05%. Currently the company’s common shares owned by public are about 205.40M shares, out of which, 185.05M shares are available for trading.
Stock saw a price change of -4.05% in past 5 days and over the past one month there was a price change of 9.10%. Year-to-date (YTD), WEN shares are showing a performance of -1.54% which increased to 1.16% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $15.61 but also hit the highest price of $20.65 during that period. The average intraday trading volume for Wendy’s Co shares is 3.46 million. The stock is currently trading 4.14% above its 20-day simple moving average (SMA20), while that difference is up 8.82% for SMA50 and it goes to 6.54% higher than SMA200.
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Wendy’s Co (NASDAQ: WEN) currently have 205.40M outstanding shares and institutions hold larger chunk of about 78.66% of that.
The stock has a current market capitalization of $3.90B and its 3Y-monthly beta is at 0.80. PE ratio of stock for trailing 12 months is 19.78, while it has posted earnings per share of $0.97 in the same period. Its PEG reads 2.49 and has Quick Ratio of 2.15 while making debt-to-equity ratio of 14.99. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WEN, volatility over the week remained 2.20% while standing at 2.39% over the month.
Stock’s fiscal year EPS is expected to rise by 1.80% while it is estimated to increase by 7.75% in next year. EPS is likely to shrink at an annualized rate of 7.93% for next 5-years, compared to annual growth of 10.66% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on June 13, 2024 offering a Sell rating for the stock and assigned a target price of $16 to it. Coverage by Stephens stated Wendy’s Co (WEN) stock as an Equal-weight in their note to investors on April 12, 2024, suggesting a price target of $20 for the stock. On February 22, 2024, Bernstein Downgrade their recommendations, while on February 21, 2024, JP Morgan Downgrade their ratings for the stock with a price target of $19. Stock get a Hold rating from Gordon Haskett on January 16, 2024.
