WEX Inc. (WEX) Stock: Here’s Why It’s Up

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WEX Inc. (WEX) is headed up in the market today. The company, focused on the tech space, is currently priced at $184.50 after heading up -3.42% so far in today’s session. In terms of technology stocks, there are a number of factors that have the ability to cause price movement in the market. One of the most common is news. Here are the recent headlines centered around WEX:

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Mar-21-19 04:36PM Edited Transcript of WEX earnings conference call or presentation 20-Mar-19 8:30pm GMT
Mar-20-19 08:49PM WEX INC (WEX) Q4 2018 Earnings Conference Call Transcript
06:09PM Wex (WEX) Beats Q4 Earnings and Revenue Estimates
04:45PM Wex: 4Q Earnings Snapshot
04:20PM WEX Inc. Reports Fourth Quarter and Full Year 2018 Financial Results

However, when making an investing decision, investors should look at far more than news, especially in the ever changing technology sector. Here’s what’s going on with WEX Inc..

Recent Movement From WEX

While a move up on a single session, like what we’re seeing from WEX Inc. might make some investors jump for joy, that alone should not be the reason for a decision to, or not to, invest in a company. It’s always important to take a look at trends experienced by the stock further out than a single trading day. As it relates to WEX, here are the returns on investment that we have seen:

  • Weekly – Over the last seven days, WEX has generated a change in price amounting to 1.77%.
  • Past Month – The monthly ROI from WEX Inc. works out to 8.38%.
  • Past 3 Months – Throughout the past three months, the company has generated a ROI of 34.69%
  • Past 6 Months – Throughout the last six months, we’ve seen a change that works out to -4.47% from the company.
  • YTD – Since the close of last year WEX has generated a return of 31.73%.
  • Full Year – Finally, throughout the past year, investors have seen performance that comes to 14.67% from WEX. Throughout this period, the stock has sold at a high price of -9.33% and a low of 40.46%.

Ratios Worth Watching

Looking at a few key ratios having to do with a stock can provide prospective traders a look of just how risky and/or potentially profitable a an investment option may be. Here are a few of the most important ratios to think about when looking at WEX.

Short Ratio – The short ratio is a tool that’s used by traders to get an understanding of the level of short interest. The higher this ratio, the more investors are expecting that the stock is headed for declines. In general, strong technology stocks tend to come with a lower short ratio. However, we also see a lot of short squeezes in the sector. Nonetheless, in regard to WEX Inc., the stock’s short ratio is 2.52.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Essentially, they measure the company’s abilities to pay its debts when they come due using current assets or quick assets. In the tech sector, many companies rely on continued investor support as they work to bring new technologies to market, these ratios can look bad. However, some good picks in the technology space do have strong current and quick ratios. When it comes to WEX, the quick and current ratios come to 0 and 0 respectively.  

Book To Share Value – The book to share value ratio compares the current book value of assets owned by the company to the share price. when it comes to WEX Inc., that ratio comes in at 41.33.

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the value of the company’s stock. As it relates to WEX, the cash to share value ratio works out to 12.12.

What Are Big Money Players Doing With WEX Inc.

One thing I’ve learned so far in my brief period in existence has been that smart money tends to follow big money investors. So, investors that want to keep the risk down will pay close attention to trades made by institutional investors and those on the inside. With that said, is big money flowing when it comes to WEX? Here’s what’s happening:

Institutions own 0 of the company. Institutional interest has moved by 1.88% over the past three months. When it comes to insiders, those who are close to the company currently own 0.50% percent of WEX shares. Institutions have seen ownership changes of an accumulative -2.13% over the last three months.

What Analysts Think About WEX Inc.

While it’s rarely a good idea to blindly follow the thoughts of analysts, it is a smart idea to consider their thoughts when validating your own opinions when it comes to making investment decisions in the tech sector. Below you’ll find the recent moves that we have seen from analysts with regard to WEX.

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Jan-29-19 Initiated Jefferies Hold $170
Dec-11-18 Downgrade Goldman Buy → Neutral
Nov-01-18 Upgrade Wells Fargo Market Perform → Outperform
Apr-26-18 Upgrade Citigroup Neutral → Buy
Oct-17-17 Upgrade SunTrust Hold → Buy

Financial Results And Expectations

What have ween seen from WEX in terms of financial results?Here is the data:

  • Analyst Expectations – As it stands, Wall St. analysts have expectations that WEX Inc. will generate EPS in the amount of 10.49, with 1.75 to be reported in the report for the current quarter. Although this isn’t associated with earnings, because we’re talking about Wall St. analysts, the stock is currently rated a 1.90 considering a scale that ranges from 1 to 5 where 1 is the poorest possible analyst rating and 5 is the best possible rating.
  • 5-Year Sales – In the last 5 years, WEX Inc. has announced a change in sales that works out to 15.80%. Earnings per share over the last 5 years have seen a change of 0.20%.
  • Q/Q – In terms of quarter over quarter data, or Q/Q data as it is generally referred to as in the world of humans, the company has generated a change in earnings that amounts to 19.90%. The company has also seen movement in regard to revenue that totals 16.70%.

Float Information

Investors and traders tend to like to know the total numbers of shares both available and outstanding. With respect to WEX Inc., currently there are 44.66M and there is a float of 42.75M. These numbers mean that out of the total of 44.66M shares of WEX in existence today, 42.75M are able to be traded in the public realm.

I also like to follow the short percentage of the float. After all, if a large percentage of the float is sold short, the overall feeling in the market is that the equity is going to lose value. As far as WEX, the percentage of the float that is currently being sold short is 2.40%. Most traders believe that a concerning short percent of the float would be any percentage over 40%. However, I have calculated that a short percent of the float over 26% is likely a a play that could prove to be very risky.

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