Wex Inc Stock Today

WEX Stock  USD 233.88  2.53  1.07%   

Performance

18 of 100

 
Low
 
High
Solid

Odds Of Distress

Less than 6

 
100  
 
Zero
Low
Wex is trading at 233.88 as of the 28th of March 2024; that is -1.07 percent decrease since the beginning of the trading day. The stock's open price was 236.41. Wex has only a 6 % chance of going through financial distress over the next few years and had a solid performance during the last 90 days. Equity ratings for Wex Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Software & Services
IPO Date
16th of February 2005
Category
Technology
Classification
Information Technology
WEX Inc. provides financial technology services in the United States and internationally. WEX Inc. was founded in 1983 and is based in Portland, Maine. Wex operates under SoftwareInfrastructure classification in the United States and is traded on New York Stock Exchange. The company has 41.73 M outstanding shares of which 607.73 K shares are at this time shorted by investors with about 1.65 days to cover. More on Wex Inc

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Wex Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Wex's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Wex or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ChairmanRowland Moriarty
Thematic IdeaMacroaxis Index (View all Themes)
Business ConcentrationData Processing & Outsourced Services, Software - Infrastructure, Information Technology, NYSE Composite, SP Midcap 400, Macroaxis Index, Information Technology, IT Services, Software—Infrastructure, Technology (View all Sectors)
Average Analyst Recommendation
Analysts covering Wex report their recommendations after researching Wex's financial statements, talking to executives and customers, or listening in on Wex's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Wex Inc. The Wex consensus assessment is calculated by taking the average forecast from all of the analysts covering Wex.
Financial Strength
Based on the key measurements obtained from Wex's financial statements, Wex Inc may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Wex Inc is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.230.1835
Significantly Up
Slightly volatile
Gross Profit Margin0.750.5858
Significantly Up
Pretty Stable
Net Debt1.1 B1.7 B
Way Down
Slightly volatile
Total Current Liabilities8.9 B8.5 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total2.1 B3.5 B
Way Down
Slightly volatile
Total Assets14.6 B13.9 B
Sufficiently Up
Slightly volatile
Total Current Assets9.4 B8.9 B
Sufficiently Up
Slightly volatile
Wex's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Wex's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Wex's financial leverage. It provides some insight into what part of Wex's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Wex's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Wex deploys its capital and how much of that capital is borrowed.
Liquidity
Wex cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 3.95 B in debt with debt to equity (D/E) ratio of 1.84, which is OK given its current industry classification. Wex Inc has a current ratio of 1.1, demonstrating that it may not have the ability to pay its financial commitments when the payables are due. Debt can assist Wex until it has trouble settling it off, either with new capital or with free cash flow. So, Wex's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Wex Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Wex to invest in growth at high rates of return. When we think about Wex's use of debt, we should always consider it together with cash and equity.

Total Cash From Financing Activities

1.65 Billion
Wex Inc (WEX) is traded on New York Stock Exchange in USA. It is located in 1 Hancock Street, Portland, ME, United States, 04101 and employs 7,200 people. Wex is listed under Data Processing & Outsourced Services category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 9.87 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Wex's market, we take the total number of its shares issued and multiply it by Wex's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Wex Inc runs under IT Services sector within Information Technology industry. The entity has 41.73 M outstanding shares of which 607.73 K shares are at this time shorted by investors with about 1.65 days to cover. Wex Inc has about 921.98 M in cash with 912 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 50.02.
Check Wex Probability Of Bankruptcy
Ownership Allocation
Wex Inc owns a total of 41.73 Million outstanding shares. The majority of Wex outstanding shares are owned by institutional investors. These institutions are usually referred to as non-private investors looking to purchase positions in Wex Inc to benefit from reduced commissions. Consequently, other corporate entities are subject to a different set of regulations than regular investors in Wex Inc. Please pay attention to any change in the institutional holdings of Wex Inc as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Wex Ownership Details

Wex Stock Price Odds Analysis

Based on a normal probability distribution, the odds of Wex jumping above the current price in 90 days from now is about 7.32%. The Wex Inc probability density function shows the probability of Wex stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.0281. This entails Wex Inc market returns are sensitive to returns on the market. As the market goes up or down, Wex is expected to follow. Additionally, wex Inc has an alpha of 0.1513, implying that it can generate a 0.15 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 233.88HorizonTargetOdds Above 233.88
92.61%90 days
 233.88 
7.32%
Based on a normal probability distribution, the odds of Wex to move above the current price in 90 days from now is about 7.32 (This Wex Inc probability density function shows the probability of Wex Stock to fall within a particular range of prices over 90 days) .

Wex Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Wex that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Wex's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Wex's value.
InstituionRecorded OnShares
River Road Asset Management, Llc2023-12-31
727.5 K
Geode Capital Management, Llc2023-12-31
669 K
Neuberger Berman Group Llc2023-12-31
640.1 K
Brown Advisory Holdings Inc2023-12-31
617 K
Bank Of America Corp2023-12-31
582.9 K
Fmr Inc2023-12-31
468.5 K
Norges Bank2023-12-31
461.3 K
Primecap Management Company2023-12-31
454.6 K
Goldman Sachs Group Inc2023-12-31
444.7 K
Vanguard Group Inc2023-12-31
4.2 M
Hhg Plc2023-12-31
4.1 M
View Wex Diagnostics

Wex Historical Income Statement

Wex Inc Income Statement is one of the three primary financial statements used for reporting Wex's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Wex Inc revenue and expense. Wex Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Wex's Minority Interest is fairly stable compared to the past year. Interest Income is likely to rise to about 126.8 M in 2024, whereas Total Revenue is likely to drop slightly above 1.1 M in 2024. View More Fundamentals

Wex Stock Against Markets

Picking the right benchmark for Wex stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Wex stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Wex is critical whether you are bullish or bearish towards Wex Inc at a given time. Please also check how Wex's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Wex without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Wex Corporate Directors

Wex corporate directors refer to members of a Wex board of directors. The board of directors generally takes responsibility for the Wex's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Wex's board members must vote for the resolution. The Wex board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Daniel CallahanIndependent DirectorProfile
John BachmanIndependent DirectorProfile
Eric DupratIndependent DirectorProfile
Ronald MaheuIndependent DirectorProfile

How to buy Wex Stock?

Before investing in Wex, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Wex. To buy Wex stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Wex. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Wex stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Wex Inc stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Wex Inc stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Wex Inc, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Wex Stock please use our How to Invest in Wex guide.

Already Invested in Wex Inc?

The danger of trading Wex Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Wex is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Wex. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Wex Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Wex Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Wex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Wex Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Wex Inc Stock:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wex Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Note that the Wex Inc information on this page should be used as a complementary analysis to other Wex's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Wex's price analysis, check to measure Wex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Wex is operating at the current time. Most of Wex's value examination focuses on studying past and present price action to predict the probability of Wex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wex's price. Additionally, you may evaluate how the addition of Wex to your portfolios can decrease your overall portfolio volatility.
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Is Wex's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Wex. If investors know Wex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Wex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.01)
Earnings Share
6.17
Revenue Per Share
59.533
Quarterly Revenue Growth
0.072
Return On Assets
0.0321
The market value of Wex Inc is measured differently than its book value, which is the value of Wex that is recorded on the company's balance sheet. Investors also form their own opinion of Wex's value that differs from its market value or its book value, called intrinsic value, which is Wex's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Wex's market value can be influenced by many factors that don't directly affect Wex's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Wex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.