WisdomTree Inc (NYSE: WT) has a higher price-to-earnings ratio of 43.50x compared to its average ratio, The 36-month beta value for WT is at 1.44. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 2 as “hold,” and 1 as “sell.”
The public float for WT is 127.61M, and currently, shorts hold a 15.58% of that float. The average trading volume for WT on November 12, 2024 was 1.42M shares.
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WT) stock’s latest price update
WisdomTree Inc (NYSE: WT)’s stock price has plunge by 2.94relation to previous closing price of 11.03. Nevertheless, the company has seen a 10.88% surge in its stock price over the last five trading sessions. zacks.com reported 2024-11-11 that WisdomTree, Inc. (WT) is well positioned to outperform the market, as it exhibits above-average growth in financials.
WT’s Market Performance
WisdomTree Inc (WT) has seen a 10.88% rise in stock performance for the week, with a 12.31% gain in the past month and a 16.70% surge in the past quarter. The volatility ratio for the week is 2.54%, and the volatility levels for the past 30 days are at 2.83% for WT. The simple moving average for the past 20 days is 8.09% for WT’s stock, with a 19.81% simple moving average for the past 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 12.47% 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 -5.54% of loss for the given period.
Volatility was left at 2.83%, however, over the last 30 days, the volatility rate increased by 2.54%, as shares surge +12.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.66% upper at present.
During the last 5 trading sessions, WT rose by +11.91%, which changed the moving average for the period of 200-days by +60.73% in comparison to the 20-day moving average, which settled at $10.51. In addition, WisdomTree Inc saw 63.85% 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 67,869 shares at the price of $10.84 back on Nov 08 ’24. After this action, Steinberg Jonathan L now owns 9,240,707 shares of WisdomTree Inc, valued at $735,652 using the latest closing price.
Steinberg Jonathan L, the Chief Executive Officer of WisdomTree Inc, purchase 303,781 shares at $7.20 during a trade that took place back on Feb 13 ’24, which means that Steinberg Jonathan L is holding 9,172,838 shares at $2,186,768 based on the most recent closing price.
Stock Fundamentals for WT
Current profitability levels for the company are sitting at:
- 0.31 for the present operating margin
- 0.74 for the gross margin
The net margin for WisdomTree Inc stands at 0.17. The total capital return value is set at 0.18. Equity return is now at value 13.80, with 5.90 for asset returns.
Based on WisdomTree Inc (WT), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 1.37. The interest coverage ratio of the stock is 74.37.
Currently, EBITDA for the company is 151.6 million with net debt to EBITDA at 2.75. When we switch over and look at the enterprise to sales, we see a ratio of 3.83. The receivables turnover for the company is 11.53for trailing twelve months and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.90.
Conclusion
In conclusion, WisdomTree Inc (WT) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
