Wise (LON:WISE) Trading Down 0.3% – What’s Next?

Wise plc (LON:WISE) was down 0.3% during trading on Thursday . The stock traded as low as GBX 697 ($9.04) and last traded at GBX 706 ($9.16). Approximately 1,390,704 shares were traded during trading, a decline of 58% from the average daily volume of 3,327,049 shares. The stock had previously closed at GBX 708 ($9.18).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 1,045 ($13.55) price target on shares of Wise in a research note on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat, Wise has an average rating of “Hold” and a consensus price target of GBX 952.75 ($12.36).

Wise Stock Performance

The firm has a market cap of £7.20 billion, a price-to-earnings ratio of 2,076.47, a price-to-earnings-growth ratio of 1.28 and a beta of 0.75. The company has a current ratio of 1.06, a quick ratio of 0.06 and a debt-to-equity ratio of 22.88. The stock’s 50 day moving average is GBX 676.46 and its 200 day moving average is GBX 729.39.

Insider Transactions at Wise

In other news, insider Terri Duhon acquired 1,394 shares of the stock in a transaction on Tuesday, August 27th. The shares were purchased at an average price of GBX 717 ($9.30) per share, for a total transaction of £9,994.98 ($12,961.98). Corporate insiders own 23.65% of the company’s stock.

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.