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 $169.25, down 2.84% from the previous day, and has decreased 0.72% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.2 percentage points. Wex stock is currently +35.4% from its 52-week low of $125.00, and -17.06% from its 52-week high of $204.06.
As of Mar 17, 2023, there are 43.13M shares of WEX outstanding. The market value of WEX is $7.30B. In the last 24 hours, 613,885 WEX shares were traded.
How to Buy Wex Stock
Wondering how to invest in Wex stock? Here's how.
- 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.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Select your payment method and add your info.
- 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).
- 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.
- 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.
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Open eToro AccountStep 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.
How to Create a New Brokerage Account on eToro
- Click here to get started.
- Enter your personal info to open your new trading account.
- Send your details by hitting the "Create Account" button.
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.
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 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 37.28x, relative to Software - Infrastructure industry P/E ratio of 52x
- WEX could be undervalued based on its P/B ratio of 4.43x, relative to Software - Infrastructure industry P/B ratio of 10.59x
- WEX could be undervalued based on its PEG ratio of 0.25x
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 $679.43M allows it to safely service it's debt of $2.72B.
- 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 0% to 8.6% 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 5.99.
- WEX earnings of $390.97M is not sufficient to cover its interest payments.
Do analysts think it's a good time to buy WEX stock
Out of 11 Equities analysts who give forecasts on WEX, the consensus analyst rating on WEX is a Strong Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Latest WEX Analyst Forecasts
Ashwin Shirvaikar, a bottom 10% analyst from Citigroup maintains WEX with a strong buy rating and raises their WEX price target from $190.00 to $230.00, on Feb 13, 2023.
Andrew Jeffrey, a top 8% analyst from Truist Securities maintains WEX with a hold rating and raises their WEX price target from $190.00 to $215.00, on Feb 10, 2023.
Dan Dolev, a bottom 1% analyst from Mizuho reiterates WEX with a strong buy rating and raises their WEX price target from $200.00 to $220.00, on Feb 10, 2023.
James Faucette, a top 29% analyst from Morgan Stanley maintains WEX with a hold rating and raises their WEX price target from $157.00 to $199.00, on Feb 10, 2023.
David Koning, a top 15% analyst from Baird maintains WEX with a buy rating and raises their WEX price target from $200.00 to $222.00, on Feb 10, 2023.
You can dive deeper into what analysts are projecting on the Wex stock forecast page.
Metrics for Advanced WEX Traders
How are WEX Revenues/Earnings doing?
Last year, WEX earnings were $201.44M. During the last five year, WEX's earnings have gone up by 4.06% per year. This was slower than the Software - Infrastructure industry average of 32.18%.
Last year, WEX revenue was $2.35B. During the last five year, WEX's revenue has increased by 13.49% per year. This was slower than the Software - Infrastructure industry average of 19.28%.
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.
David G. Cooper, Chief Technology Officer of WEX, was the latest WEX insider to sell. They sold $38,183.20 worth of WEX stock on Mar 16, 2023.
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.
Click below to see what other community members have to say.
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:
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:
- Decide where to buy Wex stock
- Create your brokerage account
- Put funds into your brokerage account
- Research Wex stock
- Execute your WEX purchase
- Monitor your WEX position
If you require a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get the latest news on your new investment in Wex, create a watchlist today.
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