Wise (LON:WISE) Shares Down 10.9% – What’s Next?

Wise plc (LON:WISE)’s stock price traded down 10.9% during mid-day trading on Monday . The stock traded as low as GBX 830 and last traded at GBX 832. 11,685,739 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 16,898,488 shares. The stock had previously closed at GBX 934.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Wise from GBX 1,225 to GBX 1,260 and gave the stock an “overweight” rating in a report on Friday, April 17th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,299 price target on shares of Wise in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 1,303.

Wise Trading Down 10.9%

The firm has a fifty day simple moving average of GBX 979.97 and a 200-day simple moving average of GBX 920. The firm has a market cap of £8.33 billion, a P/E ratio of 22.49, a price-to-earnings-growth ratio of 1.28 and a beta of 0.54. The company has a debt-to-equity ratio of 21.03, a current ratio of 140.08 and a quick ratio of 0.06.

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.