Wise (LON:WISE) Hits New 1-Year Low – What’s Next?

Wise plc (LON:WISE)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 828.50 and last traded at GBX 828.50, with a volume of 5574547 shares traded. The stock had previously closed at GBX 837.50.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Wise from GBX 1,380 to GBX 1,375 and set an “overweight” rating for the company in a research note on Tuesday, November 11th. Berenberg Bank restated a “buy” rating and issued a GBX 1,330 price target on shares of Wise in a report on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 1,352.50.

Wise Stock Performance

The company’s 50 day moving average price is GBX 881.90 and its 200-day moving average price is GBX 988.38. The stock has a market cap of £8.16 billion, a P/E ratio of 22.03, a price-to-earnings-growth ratio of 1.28 and a beta of 0.75. The company has a debt-to-equity ratio of 22.88, a quick ratio of 0.06 and a current ratio of 1.06.

Wise (LON:WISE) last released 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%. Equities analysts forecast that Wise plc will post 37.7347752 EPS 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.