Wise (LON:WISE) Trading 16% Higher – Time to Buy?

Wise plc (LON:WISE)’s share price traded up 16% on Tuesday . The stock traded as high as GBX 982.77 and last traded at GBX 967.50. 8,586,724 shares changed hands during mid-day trading, an increase of 45% from the average session volume of 5,931,393 shares. The stock had previously closed at GBX 834.

Wall Street Analyst Weigh In

WISE has been the topic of a number of recent analyst reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,330 price objective on shares of Wise in a report on Thursday, November 6th. JPMorgan Chase & Co. reduced their target price on Wise from GBX 1,380 to GBX 1,375 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 1,352.50.

Wise Stock Performance

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 market capitalization of £9.68 billion, a price-to-earnings ratio of 26.16, a price-to-earnings-growth ratio of 1.28 and a beta of 0.75. The firm’s fifty day moving average price is GBX 876.80 and its 200 day moving average price is GBX 983.27.

Wise (LON:WISE) last announced its earnings results on Thursday, November 6th. The company reported GBX 18.23 earnings per share (EPS) for the quarter. Wise had a return on equity of 41.22% and a net margin of 25.11%. Analysts forecast that Wise plc will post 37.7347752 EPS 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.