Wise (LON:WISE) Sets New 52-Week Low – Here’s What Happened

Wise plc (LON:WISE)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 828.50 and last traded at GBX 828.50, with a volume of 5574547 shares. The stock had previously closed at GBX 837.50.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,330 price target on shares of Wise in a research report on Thursday, November 6th. JPMorgan Chase & Co. cut 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 equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Wise has a consensus rating of “Buy” and an average target price of GBX 1,352.50.

Wise Trading Down 1.0%

The business’s 50-day moving average price is GBX 887.21 and its 200 day moving average price is GBX 991.36. The firm has a market capitalization of £8.30 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 1.28 and a beta of 0.75. The company has a debt-to-equity ratio of 22.88, a current ratio of 1.06 and a quick ratio of 0.06.

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

About Wise

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.