Wendy’s Company is one of the leding brands for fast food restaurants in Ohio. This firm was established in 1969 in Columbus, Ohio. In the year 2018, Wendys was known to be the world’s third-largest hamburger fast-food chain. The company has more than 14K employees. The current CEO of the company is Todd A. Penegor.
Wendy’s Company has a market cap of $4.284B. It has 209.288M floating shares in the market. As the WEN share is stable, its beta value is 0.51. The company has a relatively lower EPS of 0.90 USD. The price-to-earnings ratio of the company is 22.78.
WEN share has an average volume of 2.44M. The company has given a good return on equity resulting in 44.64%. It follows up with a debt/equity ratio of 1076.62% and a P/B ratio of 11.02. The WEN stock is showing quite a strength in financial ratios.
Trian Fund Management holds the largest percentage in the company with 9.91%. The Blackrock is also in the game at second position with 9.80% of holding. Wendy’s assets have given a return of 3.5% in Q2 2023, resulting in an advance of 5.1% year-on-year.
Wendy’s Company Stock Performance Analysis
Revenue for WEN share has been consistently advancing in recent years. Wendy
s Co. is also maintaining consistency in its profit margin and hasn’t made any losses in the last four years. The debt for the company has advanced to $4.28B from $3.68B in the year 2022.
Technical Overview of WEN Stock
The Wendys Company is currently trading with mixed technicals. Multiple oscillators for the share are neutral while the MAs are following a bearish signal.
The company has very good and reliable fundamentals. Based upon the data the experts are bullish on the stock.
Technical Analysis of the WEN Share
The WEN share is trading in a downtrend, following a declining channel pattern and making new lower lows. The share price has advanced by more than 3.5% since it paid dividends, but it is still trading inside the channel.
The price is trading in a downtrend, following a death cross on charts. It has declined below the 50-day and the 200-day EMAs. It represents a weakness in the market.
The RSI for the share had declined to oversold zones. That shows the dominance of sellers. The RSI is currently trading at 50.95. Following it, the share is still considered weak as the RSI has not hit the overbought zones.
Conclusion
The WEN share is following a downtrend and is currently trading inside the falling wedge pattern. The stock is also indicating bearish signals on charts for RSI and EMA. Despite the company having good fundamentals, the share is currently declining.
Therefore, whenever the price breaks above the falling wedge pattern, we can expect a huge move in share price.
Technical Levels
- Support levels for the WEN share are – $18.50 and $19.70
- Resistance levels for the WEN share are – $22.00 and $23.86
Disclaimer
The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2023/09/25/wendys-co-shares-are-advancing-after-dividends-whats-next/