Wise (LON:WISE) Stock Price Up 16% – Should You Buy?

Wise plc (LON:WISE) rose 16% on Tuesday . The company traded as high as GBX 982.77 and last traded at GBX 967.50. Approximately 8,586,854 shares changed hands during mid-day trading, an increase of 45% from the average daily volume of 5,931,403 shares. The stock had previously closed at GBX 834.

Wise News Roundup

Here are the key news stories impacting Wise this week:

• Positive Sentiment: Bloomberg reports Wise is on track for a US?UK dual listing and disclosed operating income growth of ~21%, plus upbeat guidance — a US listing would broaden the investor base, likely increase liquidity and could support a valuation rerating. Wise Shares Surge on Earnings Guidance as Dual Listing on Track
• Neutral Sentiment: Coverage noting the sharp intraday rise and asking “what’s next?” provides market context — highlights technical momentum, trading volume and near?term catalysts (dual?listing timing, upcoming results) but adds little new fundamental information. Traders may use this to time entries/exits rather than change long?term thesis. Wise (LON:WISE) Stock Price Up 12.6% – What’s Next?
• Negative Sentiment: TipRanks reports senior executives vested share awards and sold portions to cover tax liabilities — routine tax?related sales can create near?term supply and are sometimes read negatively by the market, though the filing indicates the transactions were to meet tax obligations rather than opportunistic exits. Wise Executives Vest Share Awards and Sell Portions to Cover Tax Liabilities

Analyst Ratings Changes

Several analysts have commented on the company. JPMorgan Chase & Co. cut their target price on 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. 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. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Wise has an average rating of “Buy” and an average target price of GBX 1,352.50.

Wise Trading Up 16.0%

The firm has a market capitalization of £9.68 billion, a P/E ratio of 26.16, a P/E/G ratio of 1.28 and a beta of 0.75. 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 stock has a 50 day simple moving average of GBX 876.80 and a 200-day simple moving average of GBX 983.27.

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

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.