WEX Stock Summary and Trading Ideas (Wex | NYSE:WEX)

WEX Inc is a provider of corporate payment solutions. The company operates three business segments: Mobility, Benefits, and Corporate Payments. Mobility segment, the largest segment by revenue, provides fleet vehicle payment solutions, transaction processing, and information management services for commercial and government fleets. The Corporate Payments segment offers business-to-business payment processing and transaction monitoring services. The Benefits segment generates revenue from healthcare payment products and its consumer-directed software platform. Wex's largest end market is the United States of America.

Wex trades on the NYSE stock market under the symbol WEX.

As of May 14, 2024, WEX stock price declined to $203.17 with 472,443 million shares trading.

WEX has a beta of 0.93, meaning it tends to be less sensitive to market movements. WEX has a correlation of 0.19 to the broad based SPY ETF.

WEX has a market cap of $8.51 billion. This is considered a Mid Cap stock.

Last quarter Wex reported $653 million in Revenue and $3.46 earnings per share. This fell short of revenue expectation by $-2 million and missed earnings estimates by -$.02.

In the last 3 years, WEX stock traded as high as $244.04 and as low as $123.01.

The top ETF exchange traded funds that WEX belongs to (by Net Assets): VTI, IJH, VB, VXF, VBK.

WEX has underperformed the market in the last year with a price return of +17.0% while the SPY ETF gained +28.8%. WEX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.7% and -7.1%, respectively, while the SPY returned +6.2% and +2.6%, respectively.

WEX support price is $202.96 and resistance is $209.38 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WEX stock will trade within this expected range on the day.