Wise (LON:WISE) Trading 2.3% Higher - What's Next?

Key Points

• Wise plc shares increased by 2.3% during mid-day trading on Thursday, reaching a last traded price of GBX 1,059 ($14.24), despite a significant decline in trading volume.
• Analysts have mixed views on Wise's stock, with Berenberg Bank maintaining a "buy" rating and a price target of GBX 1,270 ($17.08), while JPMorgan Chase & Co. reduced their target from GBX 1,410 ($18.96) to GBX 1,380 ($18.56).
• Insider Clare Gilmartin sold 48,360 shares at an average price of GBX 1,058 ($14.23), and currently, corporate insiders hold 23.65% of the stock.

Wise plc (LON:WISE - Get Free Report) shares traded up 2.3% during mid-day trading on Thursday . The stock traded as high as GBX 1,065 ($14.32) and last traded at GBX 1,059 ($14.24). 798,405 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 5,866,281 shares. The stock had previously closed at GBX 1,035 ($13.92).

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,270 ($17.08) price target on shares of Wise in a research report on Thursday, July 17th. JPMorgan Chase & Co. cut their target price on Wise from GBX 1,410 ($18.96) to GBX 1,380 ($18.56) and set an "overweight" rating on the stock in a research report on Tuesday, July 29th.

Wise Trading Down 2.3%

The company has a debt-to-equity ratio of 22.88, a current ratio of 1.06 and a quick ratio of 0.06. The business's 50-day simple moving average is GBX 1,062.10 and its two-hundred day simple moving average is GBX 1,027.05. The stock has a market capitalization of £10.55 billion, a price-to-earnings ratio of 31.30, a PEG ratio of 1.28 and a beta of 0.75.

Wise (LON:WISE - Get Free Report) last posted its earnings results on Thursday, June 5th. The company reported GBX 40.37 ($0.54) earnings per share for the quarter. Wise had a net margin of 25.11% and a return on equity of 41.22%. On average, research analysts anticipate that Wise plc will post 37.7347752 earnings per share for the current fiscal year.

Insider Activity at Wise

In other news, insider Clare Gilmartin sold 48,360 shares of the company's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of GBX 1,058 ($14.23), for a total value of £511,648.80 ($688,069.93). 23.65% of the stock is currently owned by corporate 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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