Last Updated: 16 Sep 2024
Executive Summary
Wex Inc. (WEX) is a financial technology services company with a market capitalization of $8.16 billion. The company has a strong financial performance, with an EBITDA of $903.8 million and an EPS of $5.78. WEX has a trailing PE ratio of 34.38 and a forward PE ratio of 10.74. The company's stock price is currently trading at $198.71, which is below its 52-week high of $244.04.
Company Overview
Wex Inc. offers financial technology services in North America, Asia Pacific, and Europe. The company's services include corporate payments, travel and expense management, and healthcare payments. Wex has a strong customer base, with over 10 million active users. The company has a global presence, with operations in over 20 countries.
Fundamental Analysis
Wex Inc. has a strong financial performance. The company's revenue has grown by an average of 8% over the past five years. The company's EBITDA has also grown by an average of 10% over the past five years. Wex has a strong balance sheet, with a debt-to-equity ratio of 0.5. The company's cash flow from operations has also been strong, averaging over $500 million over the past five years.
Technical Analysis
Wex Inc.'s stock price has been in a downtrend since the beginning of the year. The stock price has fallen by over 20% since its 52-week high. The stock price is currently trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is also below 50, which indicates that the stock is oversold.
Short Term Outlook
The short-term outlook for Wex Inc. is negative. The stock price is in a downtrend and is trading below its moving averages. The RSI is also below 50, which indicates that the stock is oversold. The stock price could continue to decline in the short term.
Long Term Outlook
The long-term outlook for Wex Inc. is positive. The company has a strong financial performance and a global presence. The company is also well-positioned to benefit from the growing demand for financial technology services. The stock price could rebound in the long term.
Analyst Recommendations
Analysts have a mixed view on Wex Inc. Six analysts have a strong buy rating, four analysts have a buy rating, and seven analysts have a hold rating. No analysts have a sell or strong sell rating. The average analyst target price is $226.
