The stock of WisdomTree Inc. (NYSE:WT) increased by $0.08 on Tuesday to finish at $6.87, up 1.18 percent. The last five days have seen an average of 1,265,760 shares of common stock traded. 27 times new highs were reached in the current year, with a gain of $1.42. The average number of shares traded over the last 20 days was 1,019,095, while the average volume over the last 50 days totaled 1,036,266.
WT stock dropped -4.18% since last month. On 08/08/23, the company’s shares reached a one-month low of $6.37. The stock touched a high of $7.49 on 06/14/23, after rallying from a low of $4.60 in 52 weeks. The price of WT stock has risen by 26.06% or $1.42 this year, reaching a new high 27 times. Still, the stock price is down -8.28% from the 52-week high.
Valuation Metrics
WisdomTree Inc. (WT) has a trailing price-to-earnings (P/E) ratio of 10.68. Beta for the stock is 1.39. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.28, the price-to-book (PB) ratio of 2.16, and the price-to-cash flow ratio of 15.46.
Company paid $0.03 per share in dividends, remained unchanged from $0.03 last year.
Financial Health
For the recent quarter, WisdomTree Inc.’s quick ratio was 2.80, while its current ratio was 2.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.60, and the total debt to equity ratio is 0.60. WisdomTree Inc.’s operating margin stood at 14.90% for the same period. Based on annual data, it had gross profit of $60.09 million and revenue of $301.35 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. WT’s return on assets (ROA) during the last 12 months has been 10.90%. There was a 11.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 30.80%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $87.01 million, while revenues rose by 15.47% to $80.04 million. EBITDA was $19.11 million for the quarter. At the end of WisdomTree Inc.’s most recent quarter, its total debt was $274.99 million. Equity owned by shareholders amounts to $150.32 million.
Technical Picture
Here’s a quick look at WisdomTree Inc.’s (WT) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 56.24%, suggesting the stock is Neutral, with a 23.08% historical volatility rate.
The stochastic %K and %D were 48.39% and 40.74% respectively, while the average true range (ATR) was 0.19. Based on the 14-day stochastic reading of 58.09%, the RSI (14) reading is 52.05%. On the 9-day MACD Oscillator, the stock is at 0.16, and the 14-day reading is at 0.08.
Analyst Ratings
In its analyst report released on May 15, 2023, Oppenheimer began covering WisdomTree Inc. (NYSE: WT). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned WisdomTree Inc. (WT) an Hold rating. WT is a stock that is recommended for selling by 1 brokerage firm, while 4 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 WT’s price target for the next 12 months?
The current consensus forecast for the stock is between $6.75 and $10.00, with a median target price of $7.50. In analyzing these forecasts, the average price target given by analysts for WisdomTree Inc. (WT) is $7.96.
