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

Wise plc (LON:WISE) shares dropped 0.1% during trading on Tuesday . The company traded as low as GBX 890 and last traded at GBX 891. Approximately 1,227,411 shares were traded during trading, a decline of 79% from the average daily volume of 5,879,289 shares. The stock had previously closed at GBX 892.

Analyst Upgrades and Downgrades

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

Wise Stock Performance

The firm has a market cap of £8.92 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 1.28 and a beta of 0.75. The company has a quick ratio of 0.06, a current ratio of 1.06 and a debt-to-equity ratio of 22.88. The company has a 50 day moving average of GBX 916.44 and a 200 day moving average of GBX 1,009.81.

Wise (LON:WISE) last posted its quarterly earnings data 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%. As a group, equities research analysts expect that Wise plc will post 37.7347752 EPS for the current fiscal year.

Insider Buying and Selling

In other Wise news, insider David Wells sold 100,000 shares of the stock in a transaction on Monday, October 6th. The shares were sold at an average price of GBX 991, for a total transaction of £991,000. 36.98% of the stock is owned by company 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. 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.