Wise (LON:WISE) Stock Price Down 0.1% – Time to Sell?

Wise plc (LON:WISE) was down 0.1% on Tuesday . The stock traded as low as GBX 890 and last traded at GBX 891. Approximately 1,227,411 shares traded hands during trading, a decline of 79% from the average daily volume of 5,879,289 shares. The stock had previously closed at GBX 892.

Analyst Ratings Changes

A number of research analysts have recently weighed in on WISE shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,330 price objective on shares of Wise in a research report on Thursday, November 6th. JPMorgan Chase & Co. decreased their target price on shares of Wise from GBX 1,380 to GBX 1,375 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 1,352.50.

Wise Price Performance

The firm has a 50 day moving average of GBX 914.65 and a 200-day moving average of GBX 1,009. The company has a current ratio of 1.06, a quick ratio of 0.06 and a debt-to-equity ratio of 22.88. The company has a market cap of £8.94 billion, a P/E ratio of 24.16, a P/E/G ratio of 1.28 and a beta of 0.75.

Wise (LON:WISE) last posted its quarterly earnings results on Thursday, November 6th. The company reported GBX 18.23 earnings per share for the quarter. Wise had a return on equity of 41.22% and a net margin of 25.11%. On average, equities research analysts predict that Wise plc will post 37.7347752 EPS for the current year.

Insider Activity at Wise

In other news, insider David Wells sold 100,000 shares of the firm’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of GBX 991, for a total transaction of £991,000. 36.98% of the stock is owned by company insiders.

Wise Company Profile

Wise plc provides cross-border and domestic financial services for personal and business customers in the United Kingdom, rest of Europe, the Asia-Pacific, North America, and internationally. Its product portfolio includes international money transfer, wise account, international debit card, amount transfer, receive money, wise platform, business debit card, and mass payment services. The company was formerly known as 456 Newco plc and changed its name to Wise plc in June 2021. Wise plc was founded in 2010 and is based in London, the United Kingdom.