Wise (LON:WISE) Hits New 52-Week Low at $6.35

Wise plc (LON:WISE) shares hit a new 52-week low on Wednesday . The company traded as low as GBX 6.35 ($0.08) and last traded at GBX 643.50 ($8.50), with a volume of 3780988 shares trading hands. The stock had previously closed at GBX 634 ($8.38).

Analyst Upgrades and Downgrades

WISE has been the topic of several research reports. Citigroup reissued a “sell” rating and set a GBX 660 ($8.72) price objective on shares of Wise in a research report on Monday, June 24th. Berenberg Bank reissued a “buy” rating and set a GBX 1,045 ($13.80) price target on shares of Wise in a report on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of GBX 952.75 ($12.59).

Wise Trading Up 1.1 %

The business has a 50-day moving average of GBX 703.04 and a 200 day moving average of GBX 783.14. The stock has a market cap of £6.54 billion, a PE ratio of 1,864.71, a PEG 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.

Insider Transactions at Wise

In other Wise news, insider David Wells sold 100,000 shares of Wise stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of GBX 786 ($10.38), for a total value of £786,000 ($1,038,309.11). In other news, insider Terri Duhon bought 1,394 shares of Wise stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased at an average price of GBX 717 ($9.47) per share, for a total transaction of £9,994.98 ($13,203.41). Also, insider David Wells sold 100,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of GBX 786 ($10.38), for a total value of £786,000 ($1,038,309.11). Insiders own 23.65% of the company’s stock.

Wise Company Profile

Wise plc provides cross-border money transfer services for personal and business customers in the United Kingdom, rest of Europe, the Asia-Pacific, North America, and internationally. The company's transfer infrastructure includes Wise Account for international people who need to move and manage money across borders; Wise Business for international businesses need; and Wise Platform that allows businesses and banks to offer their own customers international payments.