WisdomTree Inc (NYSE: WT)’s stock price has soared by 0.59 in relation to previous closing price of 10.11. Nevertheless, the company has seen a gain of 3.14% in its stock price over the last five trading days. accesswire.com reported 2024-10-15 that NEW YORK, NY / ACCESSWIRE / October 15, 2024 / Pomerantz LLP is investigating claims on behalf of investors of WisdomTree, Inc. (“WisdomTree” or the “Company”) (NYSE:WT). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.
Is It Worth Investing in WisdomTree Inc (NYSE: WT) Right Now?
The price-to-earnings ratio for WisdomTree Inc (NYSE: WT) is above average at 20.88x. The 36-month beta value for WT is also noteworthy at 1.43. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 2 rating it as “hold,” and 1 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for WT is 133.36M, and at present, short sellers hold a 14.13% of that float. The average trading volume of WT on October 16, 2024 was 1.66M shares.
WT’s Market Performance
WT’s stock has seen a 3.14% increase for the week, with a 5.17% rise in the past month and a -5.83% fall in the past quarter. The volatility ratio for the week is 1.99%, and the volatility levels for the past 30 days are at 2.06% for WisdomTree Inc The simple moving average for the last 20 days is 1.85% for WT’s stock, with a simple moving average of 11.36% for the last 200 days.
Analysts’ Opinion of WT
Many brokerage firms have already submitted their reports for WT stocks, with Northland Capital repeating the rating for WT by listing it as a “Outperform.” The predicted price for WT in the upcoming period, according to Northland Capital is $12 based on the research report published on April 03, 2024 of the current year 2024.
Craig Hallum, on the other hand, stated in their research note that they expect to see WT reach a price target of $12. The rating they have provided for WT stocks is “Buy” according to the report published on March 06th, 2024.
Northcoast gave a rating of “Buy” to WT, setting the target price at $9 in the report published on December 28th of the previous year.
WT Trading at 3.11% from the 50-Day Moving Average
After a stumble in the market that brought WT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.39% of loss for the given period.
Volatility was left at 2.06%, however, over the last 30 days, the volatility rate increased by 1.99%, as shares surge +3.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.29% upper at present.
During the last 5 trading sessions, WT rose by +3.14%, which changed the moving average for the period of 200-days by +42.64% in comparison to the 20-day moving average, which settled at $9.98. In addition, WisdomTree Inc saw 46.75% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WT starting from Steinberg Jonathan L, who purchase 303,781 shares at the price of $7.20 back on Feb 13 ’24. After this action, Steinberg Jonathan L now owns 9,172,838 shares of WisdomTree Inc, valued at $2,186,768 using the latest closing price.
Stock Fundamentals for WT
Current profitability levels for the company are sitting at:
- 0.3 for the present operating margin
- 0.75 for the gross margin
The net margin for WisdomTree Inc stands at 0.2. The total capital return value is set at 0.13. Equity return is now at value 16.80, with 8.00 for asset returns.
Based on WisdomTree Inc (WT), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.35. The debt to equity ratio resting at 0.48. The interest coverage ratio of the stock is 7.37.
Currently, EBITDA for the company is 151.6 million with net debt to EBITDA at 1.25. When we switch over and look at the enterprise to sales, we see a ratio of 4.38. The receivables turnover for the company is 9.03for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.00.
Conclusion
In summary, WisdomTree Inc (WT) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
