Wise (LON:WISE) Sets New 52-Week Low – Here’s What Happened

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

Analyst Ratings Changes

Several equities analysts have recently commented on WISE shares. JPMorgan Chase & Co. reduced their target price on 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 research note on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 1,352.50.

Wise Price Performance

The company has a 50 day simple moving average of GBX 887.21 and a 200-day simple moving average of GBX 991.36. The stock has a market cap of £8.30 billion, a price-to-earnings ratio of 22.41, 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.

Wise (LON:WISE) last issued 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%. As a group, research analysts anticipate 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.