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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 $237.53, up 1.56% from the previous day, and has increased 35.82% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.12 percentage points. Wex stock is currently +46.67% from its 52-week low of $161.95, and -0.69% from its 52-week high of $239.18.

As of Mar 28, 2024, there are 41.73M shares of WEX outstanding. The market value of WEX is $9.91B. In the last 24 hours, 192,012 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
$237.53
1w %
0.32%
1y %
35.82%
5y %
24.31%
P/E
38.13x
P/B
5.45x
P/S
3.99x
PEG
0.48x
Revenue
$2.55B
Earnings
$266.60M
Fore. Rev. Growth
7.17%
Fore. Earn. Growth
87.87%
Market Cap
$9.91B
Next Earnings
Apr 25, 2024
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 38.13x, relative to Software - Infrastructure industry P/E ratio of 89.41x
  • WEX could be undervalued based on its P/B ratio of 5.45x, relative to Software - Infrastructure industry P/B ratio of 12.26x
  • WEX could be undervalued based on its PEG ratio of 0.48x

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

How do WEX Financials look?

Passed Financial Due Diligence Checks:

  • WEX's operating cash flow of $907.90M allows it to safely service it's debt of $4.00B.
  • 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.
  • WEX profit margin has gone up from 8.6% to 10.5% in the past year.

Failed Financial Due Diligence Checks:

  • Total WEX debt is higher than 5 years ago, relative to shareholder equity.
  • WEX has a relatively high debt to equity ratio of 6.63.
  • WEX earnings of $573.40M 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

James Faucette, a top 11% analyst from Morgan Stanley maintains WEX with a hold rating and lowers their WEX price target from $205.00 to $200.00, on Oct 27, 2023.

Darrin Peller, a top 11% analyst from Wolfe Research upgrades WEX to a buy rating and announces their WEX price target of $240.00, on Oct 17, 2023.

Ashwin Shirvaikar, a top 13% analyst from Citigroup maintains WEX with a strong buy rating and raises their WEX price target from $230.00 to $240.00, on Oct 4, 2023.

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

Metrics for Advanced WEX Traders

SMA10
234.9
SMA20
231.45
SMA50
219.11
SMA100
201.77
SMA200
195.04
MACD
5.06
MACD Signal
5.51
MACD Histogram
-0.45
RSI
68.79
Stochastic %K
74.53
Stochastic %D
71.45
StochRSI %K
24.31
StochRSI %D
17.66

How are WEX Revenues/Earnings doing?

Last year, WEX earnings were $266.60M. During the last five year, WEX's earnings have gone up by 9.82% per year. This was slower than the Software - Infrastructure industry average of 132.67%.

Last year, WEX revenue was $2.55B. During the last five year, WEX's revenue has increased by 11.29% per year. This was slower than the Software - Infrastructure industry average of 17.22%.

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.

Jagtar Narula, Chief Financial Officer of WEX, was the latest WEX insider to sell. They sold $72,071.16 worth of WEX stock on Mar 19, 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

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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
$237.53+3.65 (+1.56%)
Updated Mar 28, 2024
Open eToro Account
NYSE: WEX
$237.53+3.65 (+1.56%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Wex share?

As of Mar 28, 2024, it costs $237.53 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 0.421 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.