The stock of WisdomTree Investments Inc. (NASDAQ:WETF) increased by remained unchanged at $5.97, up 0.84 percent. The last five days have seen an average of 633,760 shares of common stock traded. 19 times new highs were reached in the current year, with a gain of $0.62. The average number of shares traded over the last 20 days was 821,265, while the average volume over the last 50 days totaled 850,694.
WETF stock appreciated 0.34% since last month. On 10/13/21, the company’s shares reached a one-month low of $5.30. The stock touched a high of $7.38 on 06/03/21, after rallying from a low of $3.41 in 52 weeks. The price of WETF stock has risen by 11.59% or $0.62 this year, reaching a new high 19 times. Still, the stock price is down -19.11% from the 52-week high.
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There have been 41 days since WisdomTree Investments Inc. (WETF) last reported insider trading activity on Sep 14. On Sep 14, Director SALERNO FRANK sold 10,024 shares at $5.89 each. This transaction resulted in the insider making $59,006. On Jan 15, Muni Amit sold 75,000 shares at a price of US$5.33. After the transaction, the insider now owns 668,987 shares. Director SALERNO FRANK had earlier sold 5,568 shares on Dec 02 for $4.50 a share. The transaction was completed for $25,056.
WisdomTree Investments Inc. (WETF) has a trailing price-to-earnings (P/E) ratio of 78.55. This level actually compares unfavorably with the industry at large, as the PE for the Asset Management industry stands at about 17.09. Further, its PE also compares unfavorably with the Financial sector’s trailing 12 months PE ratio, which comes in at 13.15 right now. The PE ratio of WisdomTree Investments Inc. has varied between 72.78 and 20.40 in the last five years. Beta for the stock is 1.75. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.05, the price-to-book (PB) ratio of 3.37.
WisdomTree Investments Inc.’s dividend is $0.12 per share per year. With a dividend yield of 2.01%, WETF has a payout ratio of 123.00%. On Aug. 25, the company paid $0.03 per share in dividends, remained unchanged from $0.03 last year. A $0.05 dividend decrease was reported on Monday February 5 2018, making it the 1 consecutive year the dividend has increased. Over the last three years, dividends have increased by -62.50%.
For the three months ended June 29, WisdomTree Investments Inc.’s quick ratio was 4.10, while its current ratio was 4.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.23, and the total debt to equity ratio is 1.23. WisdomTree Investments Inc.’s operating margin stood at 23.60% for the same period. Based on annual data, it had gross profit of $55.08 million and revenue of $253.7 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. WETF’s return on assets (ROA) during the last 12 months has been 1.50%. There was a 7.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 5.30%. ROE has averaged 10.74 in the past year for the broader industry.
According to WisdomTree Investments Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $77.88 million, while revenues rose by 22.88% to $67.17 million. It was predicted that WisdomTree Investments Inc.’s quarterly earnings would be $0.1, but it ended up being $0.09, beating the consensus by 11.10%. EBITDA was $25.05 million for the quarter. At the end of WisdomTree Investments Inc.’s most recent quarter ended June 29, its total debt was $337.58 million. Equity owned by shareholders amounts to $145.1 million.
Here’s a quick look at WisdomTree Investments Inc.’s (WETF) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 64.01%, suggesting the stock is Neutral, with a 29.39% historical volatility rate.
The stochastic %K and %D were 95.10% and 92.72% respectively, while the average true range (ATR) was 0.16. Based on the 14-day stochastic reading of 97.08%, the RSI (14) reading is 56.65%. On the 9-day MACD Oscillator, the stock is at 0.19, and the 14-day reading is at 0.22.
In its most recent analyst report, Keefe Bruyette raised its rating on WisdomTree Investments Inc. (NASDAQ: WETF) to an Outperform. Prior to this, analysts firm rated the stock as a Mkt perform. Analysts have assigned WisdomTree Investments Inc. (WETF) an Hold rating. WETF is a stock that is recommended for selling by 1 brokerage firm, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is WETF’s price target for the next 12 months?
The current consensus forecast for the stock is between $5.00 and $7.50, with a median target price of $6.50. In analyzing these forecasts, the average price target given by analysts for WisdomTree Investments Inc. (WETF) is $6.39.