Wise (LON:WISE) Stock Price Down 1.3% – What’s Next?

Wise plc (LON:WISE) shares traded down 1.3% during mid-day trading on Wednesday . The stock traded as low as GBX 942 and last traded at GBX 950.50. 1,488,175 shares were traded during trading, a decline of 71% from the average session volume of 5,100,408 shares. The stock had previously closed at GBX 963.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WISE. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,380 price objective on shares of Wise in a research report on Tuesday, August 19th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,270 price objective on shares of Wise in a research note on Friday, August 29th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of GBX 1,325.

Wise Stock Performance

The stock has a 50 day moving average of GBX 1,038.62 and a two-hundred day moving average of GBX 1,048.37. 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 market capitalization of £9.60 billion, a PE ratio of 23.92, a P/E/G ratio of 1.28 and a beta of 0.75.

Insider Activity

In related news, insider David Wells sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of GBX 991, for a total value of £991,000. 36.61% of the stock is owned by company insiders.

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.