Wise (LON:WISE) Stock Price Up 12.6% – What’s Next?

Wise plc (LON:WISE)’s stock price rose 12.6% during trading on Tuesday . The company traded as high as GBX 942.50 and last traded at GBX 939.50. Approximately 53,442,258 shares changed hands during trading, an increase of 470% from the average daily volume of 9,381,818 shares. The stock had previously closed at GBX 834.

Analyst Upgrades and Downgrades

WISE has been the topic of a number of research analyst reports. Berenberg Bank restated a “buy” rating and issued a GBX 1,330 price target on shares of Wise in a research note on Thursday, November 6th. JPMorgan Chase & Co. reduced their price target on shares of 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. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 1,352.50.

Wise Trading Up 12.6%

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 stock has a 50 day moving average of GBX 876.80 and a 200 day moving average of GBX 983.27. The firm has a market cap of £9.40 billion, a P/E ratio of 25.40, a PEG ratio of 1.28 and a beta of 0.75.

Wise (LON:WISE) last announced its quarterly earnings results 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 predict that Wise plc will post 37.7347752 EPS for the current year.

About Wise

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.