Stock To Watch: WageWorks, Inc. (NYSE:WAGE)


The leading market experts have placed a mean price target of $68.00 on WageWorks, Inc. (NYSE:WAGE) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.38 a share for the upcoming quarter and $1.40 for the current fiscal.

Technical View

The technical analysis of WageWorks, Inc. Common Stock plainly substantiates that the 50-day moving average of WageWorks, Inc. Common Stock is $60.25, and stock is trading $-1.22 points away or -2.03% from its 50-day moving average of $60.25. Further it is trading $5.30 or +9.86% away its 200-day moving average of $53.73. WageWorks, Inc. (NYSE:WAGE) 52-week high is $62.82 and the 52-week low is $38.99.

This explains if the stock moves $-3.79, it will post a 52-week high. In event of +51.40% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of WageWorks, Inc. Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, WageWorks, Inc. (NYSE:WAGE) ratio came in at 96.77.

The stock last ended the trading session at $59.03 and registered a market cap of $2.16B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. WageWorks, Inc. (NYSE:WAGE) PEG ratio is at 2.79.

1 Chart Pattern Every Investor Should Know

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