WisdomTree Inc. (NYSE:WT) traded with an addition of $0.33 to $7.26 on Thursday, an upside of 4.72 percent. An average of 869,456 shares of common stock have been traded in the last five days. There was a gain of $0.07 in the past week, and it reached a new high 36 times over the past 12 months. The last 20 days have seen an average of 955,464 shares traded, while the 50-day average volume stands at 1,031,102.
WT stock has increased by 1.93% in the last month. The company shares reached their 1-month lowest point of $6.74 on 09/26/23. With the stock rallying to its 52-week high on 09/01/23, shares of the company touched a low of $4.60 and a high of $7.55 in 52 weeks. It has reached a new high 28 times so far this year and achieved 33.16% or $1.82 in price. In spite of this, the price is down -3.81% from the 52-week high.
Insider Transactions
WT stock investors should be aware that WisdomTree Inc. (WT) stock had its last reported insider trading activity 42 days ago on Aug 17. In this transaction, the insider spent $352,065. Chief Administrative Officer, Ziemba Peter M, disposed of 50,000 shares at a price of $6.91 on Aug 16. The insider now owns more than $345,685 worth of shares.
Valuation Metrics
WisdomTree Inc. (WT) has a trailing price-to-earnings (P/E) ratio of 11.29, which compares with the N/A for the broader industry. The stock’s beta is 1.38. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.53, the price-to-book (PB) ratio at 2.28, and the price-to-cash flow ratio at 16.66.
Financial Health
The quick ratio of WisdomTree Inc. for the three months ended June 29 was 2.80, and the current ratio was 2.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.60 and a total debt to equity ratio of 0.60 for the quarter ending June 29. Its gross profit as reported stood at $60.09 million compared to revenue of $301.35 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, WisdomTree Inc.’s return on assets was 10.90%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $54.25 million in the quarter, while revenues of $16.23 million were grew 85.24%. The analyst consensus anticipated WisdomTree Inc.’s latest quarter earnings to come in at $0.08 per share, but it turned out to be $0.09, a 12.50% surprise. For the quarter, EBITDA amounted to $19.11 million. At the end of the quarter ending June 29, WisdomTree Inc.’s stock balance sheet showed total debt was $274.99 million. Shareholders own equity worth $150.32 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at WisdomTree Inc. (WT) price momentum. RSI 9-day as of the close on 27 September was 60.07%, suggesting the stock is Neutral, with historical volatility in this time frame at 32.66%.
As of today, WT’s price is $7.03 +0.97% or $0.07 from its 5-day moving average. WT is currently trading -0.27% lower than its 20-day SMA and +10.99% higher than its 100-day SMA. However, the stock’s current price level is -1.89% below the SMA50 and +36.40% above the SMA200.
The stochastic %K and %D were 39.91% and 23.87%, respectively, and the average true range (ATR) was 0.20. With the 14-day stochastic at 69.74% and the average true range at 0.18, the RSI (14) stands at 57.42%. The stock has reached -0.09 on the 9-day MACD Oscillator while the 14-day reading was at -0.10.
Analyst Ratings
Oppenheimer launched coverage on WisdomTree Inc. (NYSE: WT) in its analyst report released on May 15, 2023. The firm assigned the stock an Outperform rating. The consensus rating for WisdomTree Inc. (WT) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell WT, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is WT’s price target for the next 12 months?
Analysts predict a range of price targets between $6.75 and $10.00, with a median target of $7.50. Taking a look at these predictions, the average price target given by analysts for WisdomTree Inc. (WT) stock is $7.96.
