At the time of writing, WisdomTree Inc [WT] stock is trading at $10.70, up 3.18%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WT shares have gain 5.21% over the last week, with a monthly amount glided 6.05%, 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.
For the past year, the stock price of WisdomTree Inc fluctuated between $6.06 and $12.02. Currently, Wall Street analysts expect the stock to reach $11.5 within the next 12 months. WisdomTree Inc [NYSE: WT] shares were valued at $10.70 at the most recent close of the market. An investor can expect a potential return of 7.48% based on the average WT price forecast.
Analyzing the WT fundamentals
According to WisdomTree Inc [NYSE:WT], the company’s sales were 385.10M for trailing twelve months, which represents an 24.90% jump. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at 0.3%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.15 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.48.
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 10.50 points at the first support level, and at 10.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.87, and for the 2nd resistance point, it is at 11.05.
Ratios To Look Out For
It is important to note that WisdomTree Inc [NYSE:WT] has a current ratio of 3.00. As well, the Quick Ratio is 2.90, while the Cash Ratio is 1.56. Considering the valuation of this stock, the price to sales ratio is 4.22, the price to book ratio is 3.53 and price to earnings (TTM) ratio is 21.97.
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.
