A share price of WisdomTree Inc [WT] is currently trading at $9.68, down -1.73%. An important factor to consider is whether the stock is rising or falling in short-term value. The WT shares have lost -1.43% over the last week, with a monthly amount glided 4.09%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
WisdomTree Inc [NYSE: WT] stock has seen the most recent analyst activity on April 03, 2024, when Northland Capital upgraded its rating to a Outperform but kept the price target unchanged to $12 for it. Previously, Craig Hallum started tracking the stock with Buy rating on March 06, 2024, and set its price target to $12. On December 28, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $9 on the stock. UBS started tracking the stock assigning a Buy rating and suggested a price target of $9 on October 11, 2023. Oppenheimer initiated its recommendation with a Outperform and recommended $9 as its price target on May 15, 2023.
WisdomTree Inc experienced fluctuations in its stock price throughout the past year between $6.06 and $10.27. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. WisdomTree Inc [NYSE: WT] shares were valued at $9.68 at the most recent close of the market. An investor can expect a potential drop of -7.02% based on the average WT price forecast.
Analyzing the WT fundamentals
Trailing Twelve Months sales for WisdomTree Inc [NYSE:WT] were 363.80M which represents 18.00% growth. Gross Profit Margin for this corporation currently stands at 0.73% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.36%, and Net Profit Margin reading is 0.3%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.23 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.5.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 9.59 points at the first support level, and at 9.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.80, and for the 2nd resistance point, it is at 9.92.
Ratios To Look Out For
To put it in perspective, the Current Ratio for WisdomTree Inc [NYSE:WT] is 3.00. On the other hand, the Quick Ratio is 3.00, and the Cash Ratio is 1.55. Considering the valuation of this stock, the price to sales ratio is 4.04, the price to book ratio is 3.35 and price to earnings (TTM) ratio is 16.66.
Transactions by insiders
Recent insider trading involved Steinberg Jonathan L, Chief Executive Officer, that happened on Feb 13 ’24 when 0.3 million shares were purchased. Chief Administrative Officer, Ziemba Peter M completed a deal on Aug 17 ’23 to sell 50000.0 shares. Meanwhile, Chief Administrative Officer Ziemba Peter M sold 50000.0 shares on Aug 16 ’23.
