WisdomTree Inc (WT) stock forecast: Can it reach its 52-week high of $12.45

A share price of WisdomTree Inc [WT] is currently trading at $11.51, up 1.05%. 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 2.58% over the last week, with a monthly amount glided 0.35%, 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 $6.24 and $12.45. Currently, Wall Street analysts expect the stock to reach $14 within the next 12 months. WisdomTree Inc [NYSE: WT] shares were valued at $11.51 at the most recent close of the market. An investor can expect a potential return of 21.63% based on the average WT price forecast.

Analyzing the WT fundamentals

Trailing Twelve Months sales for WisdomTree Inc [NYSE:WT] were 407.90M which represents 25.20% growth. Gross Profit Margin for this corporation currently stands at 0.76% with Operating Profit Margin at 0.31%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.12 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.37.

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 11.33 points at the first support level, and at 11.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.67, and for the 2nd resistance point, it is at 11.82.

Ratios To Look Out For

To put it in perspective, the Current Ratio for WisdomTree Inc [NYSE:WT] is 2.90. As well, the Quick Ratio is 2.70, while the Cash Ratio is 1.66. Considering the valuation of this stock, the price to sales ratio is 4.12, the price to book ratio is 4.34 and price to earnings (TTM) ratio is 36.66.

Transactions by insiders

Recent insider trading involved ETFS Capital Limited., that happened on Dec 02 ’24 when 3.0 million shares were sold. Chief Administrative Officer, Ziemba Peter M completed a deal on Nov 15 ’24 to sell 100000.0 shares. Meanwhile, Officer Ziemba Peter M bought 100000.0 shares on Nov 15 ’24.

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