As of Wednesday close, WisdomTree Inc.’s (NYSE:WT) stock was up $0.17, moving up 2.39 percent to $7.29. The average number of shares traded per day over the past five days has been 990,640 shares. 4 times new highs have been achieved over the past 5 days, with a $0.29 gain in that time frame. In the last twenty days, the average volume was 1,084,330, while in the previous 50 days, it was 978,778.
Since last month, WT stock rose 5.81%. Shares of the company fell to $6.37 on 08/08/23, the lowest level in the past month. A 52-week high of $7.49 was reached on 06/14/23 after having rallying from a 52-week low of $4.60. Since the beginning of this year, WT’s stock price has risen by 33.76% or $1.84, and marked a new high 27 times. However, the stock has declined by -2.67% since its 52-week high.
WT stock investors should be aware that WisdomTree Inc. (WT) stock had its last reported insider trading activity 14 days ago on Aug 17. Ziemba Peter M, the Chief Administrative Officer of the company, disposed of 50,000 shares for $7.04 on Aug 17. It resulted in a $352,065 divestment by the insider. Ziemba Peter M sold 50,000 shares at an average price of $6.91 on Aug 16. The insider now owns 1,038,082 shares following the transaction.
Valuation Metrics
Right now, WisdomTree Inc. (WT) has a P/E ratio of about 11.34. The stock’s beta is 1.39. Besides these, the trailing price-to-sales (P/S) ratio of 3.47, the price-to-book (PB) ratio of 2.29, and the price-to-cash flow ratio of 16.34 may also be considered.
The latest dividend of $0.03 per share was paid out, remained unchanged from last year’s $0.03.
Financial Health
In the three months ended June 29, WisdomTree Inc.’s quick ratio stood at 2.80, while its current ratio was 2.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.60, and the total debt-to-equity ratio was 0.60. In the year ended June 29, operating margins totaled 14.90%. Based on annual data, WT earned $60.09 million in gross profit and brought in $301.35 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.30%. Return on equity (ROE) for the past 12 months was 30.80%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. WT’s revenue rose 15.47% during the quarter, while net income inched up to $87.01 million. While analysts expected WisdomTree Inc. to report $0.08 quarterly earnings, the actual figure was $0.09 per share, beating the consensus estimate by 12.50%. During the quarter, the company generated $19.11 million in EBITDA. The value of shareholders’ equity is $150.32 million.
Technical Picture
This quick technical analysis looks at WisdomTree Inc.’s (WT) price momentum. With a historical volatility rate of 23.31%, the RSI 9-day stood at 69.96% on 30 August.
With respect to its five-day moving average, the current WisdomTree Inc. price is up by +4.14% percent or $0.29. At present, WT shares trade +10.29% above its 20-day simple moving average and +22.52% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.96% above its SMA50 and +31.59% above its SMA200.
Stochastic coefficient K was 79.06% and Stochastic coefficient D was 73.24%, while ATR was 0.18. Given the Stochastic reading of 89.33% for the 14-day period, the RSI (14) reading has been calculated as 63.54%. As of today, the MACD Oscillator reading stands at 0.06, while the 14-day reading stands at 0.14.
Analyst Ratings
Oppenheimer launched its rating on WisdomTree Inc. (NYSE: WT) to an Outperform in a note to investors on May 15, 2023. WisdomTree Inc. (WT) has been rated Hold by analysts. According to 1 brokerage firm, WT is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate WisdomTree Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $7.50, the current consensus forecast for the stock is $6.75 – $10.00. Based on these forecasts, analysts predict WisdomTree Inc. (WT) will achieve an average price target of $7.96.
