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How to Buy Wex Stock

Wex Inc

Wex is a software infrastructure company located in Maine, United States, which is part of the Technology sector, and is traded under the ticker WEX on the NYSE exchange.

Wex stock last closed at $194.88, up 1.23% from the previous day, and has increased 8.67% in one year. It has underperformed other stocks in the Software - Infrastructure industry by 0.02 percentage points. Wex stock is currently +20.33% from its 52-week low of $161.95, and -20.14% from its 52-week high of $244.04.

As of May 22, 2024, there are 41.9M shares of WEX outstanding. The market value of WEX is $8.17B. In the last 24 hours, 497,452 WEX shares were traded.

How to Buy Wex Stock

Wondering how to invest in Wex stock? Here's how.
  1. Decide where to buy Wex stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you choose where to buy Wex stock.
  2. Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Put funds into your brokerage account: Select your payment method and add your info.
  4. Research Wex stock: The Wex ticker symbol is WEX. Is Wex stock a good investment? Should you buy shares of WEX? How do WEX's underlying business fundamentals look? Do top analysts think Wex is a good buy? Why has WEX's stock price moved recently? (Hint: Our stock market research website can help you evaluate if WEX is a good stock to buy).
  5. Execute your WEX purchase: Decide if you will purchase WEX shares at the current market price or use a limit order to buy WEX shares at a particular price.
  6. Monitor your WEX position: Create a watchlist to the latest updates on your new investment in Wex shares.

Step 1: Decide where to buy Wex stock

You need a brokerage account in order to access the NYSE market and buy WEX stock.

A brokerage account is an investment account that enables you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Create your brokerage account

Now that you've picked the right brokerage, it's time to fill out some personal info so you are able to invest in WEX stock today.

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Step 3: Put funds into your brokerage account

Now that you have filled out your info on the best stock trading app for beginners, your next step is to transfer the money for your investment:

Check out this video walkthrough to see the process of depositing money into your investment account.

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Step 4: Research Wex stock

After you have selected the best place to buy Wex stock, it's very important to evaluate their stock before you invest, so you actually understand the risk and opportunity.

Overview of key WEX info

WEX Price
$194.88
1w %
-4.31%
1y %
8.67%
5y %
-4.09%
P/E
31.33x
P/B
4.59x
P/S
3.15x
PEG
0.4x
Revenue
$2.59B
Earnings
$264.40M
Fore. Rev. Growth
6.67%
Fore. Earn. Growth
88.07%
Market Cap
$8.17B
Next Earnings
N/A
Next Dividend
N/A

WEX Overview

WallStreetZen was created to help average investors do better fundamental analysis quickly.

You can view all of the due diligence checks on WEX's stock page.

Is WEX stock overvalued?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge WEX's true value.

Using relative valuations ratios:

  • WEX may be undervalued based on its P/E ratio of 31.33x, relative to Software - Infrastructure industry P/E ratio of 45.76x
  • WEX could be undervalued based on its P/B ratio of 4.59x, relative to Software - Infrastructure industry P/B ratio of 12.1x
  • WEX could be undervalued based on its PEG ratio of 0.4x

You can do additional valuation analysis on WEX's stock here.

How do WEX Financials look?

Passed Financial Due Diligence Checks:

  • WEX profit margin has gone up from 6% to 10.2% in the past year.
  • There are more short-term assets than long-term liabilities on the WEX balance sheet.
  • There are more short-term assets than short-term liabilities on the WEX balance sheet.

Failed Financial Due Diligence Checks:

  • WEX has a relatively high debt to equity ratio of 7.11.
  • Total WEX debt is higher than 5 years ago, relative to shareholder equity.
  • WEX's operating cash flow of $727.50M allows it to safely service it's debt of $4.32B.
  • WEX earnings of $587.10M is not sufficient to cover its interest payments.

Do analysts think it's a good time to buy WEX stock

Out of 8 Equities analysts who give forecasts on WEX, the consensus analyst rating on WEX is a Buy

Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.

Latest WEX Analyst Forecasts

Dan Dolev, a bottom 1% analyst from Mizuho maintains WEX with a strong buy rating and raises their WEX price target from $225.00 to $235.00, on Feb 13, 2024.

Andrew Quail, a bottom 12% analyst from Truist Securities maintains WEX with a hold rating and raises their WEX price target from $185.00 to $220.00, on Feb 9, 2024.

Tien-tsin Huang, a top 29% analyst from JP Morgan maintains WEX with a hold rating and raises their WEX price target from $205.00 to $239.00, on Feb 9, 2024.

You can dive deeper into what analysts are projecting on the Wex stock forecast page.

Metrics for Advanced WEX Traders

SMA10
201.12
SMA20
206.77
SMA50
223.97
SMA100
217.03
SMA200
201.55
MACD
-8.18
MACD Signal
-7.17
MACD Histogram
-1.01
RSI
24.43
Stochastic %K
8.46
Stochastic %D
5.8
StochRSI %K
13.25
StochRSI %D
5.77

How are WEX Revenues/Earnings doing?

Last year, WEX earnings were $264.40M. During the last five year, WEX's earnings have gone up by 15.24% per year. This was slower than the Software - Infrastructure industry average of 38.37%.

Last year, WEX revenue was $2.59B. During the last five year, WEX's revenue has increased by 11.23% per year. This was slower than the Software - Infrastructure industry average of 17.98%.

Learn more about WEX's earnings and revenue performance here.

Are WEX insiders buying or selling the stock?

In the last 12 months, executives and large shareholders at WEX have sold more shares than they have bought.

Carlos Carriedo, COO International of WEX, was the latest WEX insider to sell. They sold $144,789.17 worth of WEX stock on May 2, 2024.

Research more about who owns WEX stock here.

Does WEX stock generate passive income?

No, Wex doesn't provide an income stream by paying out dividends.

Get analysis from other traders

One of the major reasons eToro is our top-rated brokerage is because of its social trading community.

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Step 5: Execute your WEX purchase

You have two main options:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are mostly fine.
  • Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
    If you want to make sure you're buying or selling at a specific price limit, place a limit order.

Click the Open Trade button and eToro will place the order.

If you want more info about investing in stocks on eToro, click the helpful video below:

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Step 6: Monitor your WEX position

Now that you own some WEX shares, you'll want to stay up-to-date on your investment.

Create a watchlist to get notified of the latest news about your WEX stock.

WEX Feed

How to Buy Stock in Wex

To summarize, here are the 6 steps to buy Wex stock:

  1. Decide where to buy Wex stock
  2. Create your brokerage account
  3. Put funds into your brokerage account
  4. Research Wex stock
  5. Execute your WEX purchase
  6. Monitor your WEX position

If you require a place to buy stocks, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get the latest news on your new investment in Wex, create a watchlist today.

NYSE: WEX
$194.88+2.36 (+1.23%)
Updated May 22, 2024
Open eToro Account
NYSE: WEX
$194.88+2.36 (+1.23%)
Updated May 22, 2024
Open eToro Account

FAQ

How much does it cost to buy one Wex share?

As of May 22, 2024, it costs $194.88 to buy one share of Wex stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.513 shares of WEX.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Wex stock?

According to 8 Wall Street analysts who monitor Wex, their consensus recommendation is to buy Wex stock.

What is the best way to buy Wex stock?

One way to place an order for Wex stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.