Wise (LON:WISE) Stock Price Down 0.1% - Should You Sell?

Wise plc (LON:WISE - Get Free Report) shares fell 0.1% on Tuesday . The stock traded as low as GBX 972.50 ($12.95) and last traded at GBX 982.75 ($13.09). 2,875,145 shares changed hands during trading, a decline of 47% from the average session volume of 5,405,327 shares. The stock had previously closed at GBX 983.50 ($13.10).

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,270 target price on shares of Wise in a research report on Friday, August 29th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a GBX 1,380 target price on shares of Wise in a research report on Tuesday, August 19th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of GBX 1,325.

Wise Stock Performance

The company has a debt-to-equity ratio of 22.88, a quick ratio of 0.06 and a current ratio of 1.06. The business's 50-day moving average price is GBX 1,064.26 and its 200-day moving average price is GBX 1,042.94. The stock has a market cap of £9.93 billion, a P/E ratio of 2,473.57, a P/E/G ratio of 1.28 and a beta of 0.75.

Insider Buying and Selling

In other Wise news, insider David Wells sold 100,000 shares of the business's stock in a transaction on Monday, October 6th. The shares were sold at an average price of GBX 991, for a total value of £991,000. 36.61% of the stock is currently owned by insiders.

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.

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