Wise (LON:WISE) Trading Up 15.6% – Here’s What Happened

Wise plc (LON:WISE)’s share price shot up 15.6% during trading on Tuesday . The company traded as high as GBX 964.50 and last traded at GBX 963.88. 54,637,676 shares traded hands during trading, an increase of 477% from the average session volume of 9,473,773 shares. The stock had previously closed at GBX 834.

Wall Street Analyst Weigh In

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

Wise Price Performance

The stock has a market capitalization of £9.65 billion, a price-to-earnings ratio of 26.06, a P/E/G ratio of 1.28 and a beta of 0.75. The company’s 50-day simple moving average is GBX 876.80 and its 200-day simple moving average is GBX 983.27. 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 posted its earnings results on Thursday, November 6th. The company reported GBX 18.23 EPS for the quarter. Wise had a return on equity of 41.22% and a net margin of 25.11%. Research analysts forecast that Wise plc will post 37.7347752 earnings per share 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.