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

Wise plc (LON:WISE - Get Free Report)'s stock price hit 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. The stock had previously closed at GBX 837.50.Wall Street Analysts Forecast GrowthA number of research analysts have weighed in on the stock. Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,330 price target on shares of Wise in a research report on Thursday, November 6th. JPMorgan Chase & Co. cut their target price on shares of Wise from GBX 1,380 to GBX 1,375 and set an "overweight" rating on the stock in a research note on Tuesday, November 11th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Wise has a consensus rating of "Buy" and an average target price of GBX 1,352.50.Get Our Latest Stock Report on WISEWise Trading Down 1.0%The business's 50-day moving average price is GBX 887.21 and its 200 day moving average price is GBX 991.36. The firm has a market capitalization 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 debt-to-equity ratio of 22.88, a current ratio of 1.06 and a quick ratio of 0.06. Wise (LON:WISE - Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported GBX 18.23 EPS for the quarter. Wise had a net margin of 25.11% and a return on equity of 41.22%. On average, equities analysts forecast that Wise plc will post 37.7347752 earnings per share for the current fiscal year. About Wise (Get Free Report)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.See AlsoFive stocks we like better than WiseElon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthA U.S. “birthright” claim worth trillions - activated quietlyTicker Revealed: Pre-IPO Access to "Next Elon Musk" CompanyThis stock gets a 94 out of 100This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Wise Right Now?Before you consider Wise, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wise wasn't on the list.While Wise currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here