Wise (LON:WISE) Trading 16% Higher – Here’s Why

Wise plc (LON:WISE) shot up 16% on Tuesday . The company traded as high as GBX 982.77 and last traded at GBX 967.50. 8,586,854 shares were traded during mid-day trading, an increase of 45% from the average session volume of 5,931,403 shares. The stock had previously closed at GBX 834.

More Wise News

Here are the key news stories impacting Wise this week:

• Positive Sentiment: Management says a US‑UK dual listing remains on track and the company reported a ~21% rise in income, which combined with upbeat earnings guidance pushed investor optimism about share liquidity and access to US capital markets. Wise Shares Surge on Earnings Guidance as Dual Listing on Track
• Neutral Sentiment: Market coverage pieces note the stock jumped (double‑digit intraday gains) and discuss potential next moves for traders and longer‑term investors; these commentaries summarize catalysts but add limited new company‑specific information. Wise (LON:WISE) Stock Price Up 12.6% – What’s Next?
• Negative Sentiment: Several senior executives vested share awards and sold portions of their stock to cover tax liabilities. While the filings say the sales were for tax purposes (common practice), insider selling can create short‑term negative perception among some investors. Monitor future insider activity for confirmation of intent. Wise Executives Vest Share Awards and Sell Portions to Cover Tax Liabilities

Analysts Set New Price Targets

Several research analysts have recently issued reports on WISE shares. JPMorgan Chase & Co. decreased their price target on Wise from GBX 1,380 to GBX 1,375 and set an “overweight” rating for the company in a research note on Tuesday, November 11th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,330 target price on shares of Wise in a research report on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 1,352.50.

Wise Price Performance

The stock has a market capitalization of £9.68 billion, a price-to-earnings ratio of 26.16, a PEG ratio of 1.28 and a beta of 0.75. The company has a current ratio of 1.06, a quick ratio of 0.06 and a debt-to-equity ratio of 22.88. The stock has a fifty day moving average of GBX 877.24 and a two-hundred day moving average of GBX 982.66.

Wise (LON:WISE) last issued its earnings results on Thursday, November 6th. The company reported GBX 18.23 earnings per share (EPS) for the quarter. Wise had a net margin of 25.11% and a return on equity of 41.22%. As a group, equities research analysts forecast that Wise plc will post 37.7347752 earnings per share for the current year.

About Wise

Wise plc provides cross-border and domestic financial services for personal and business customers in the United Kingdom, rest of Europe, the Asia-Pacific, North America, and internationally. Its product portfolio includes international money transfer, wise account, international debit card, amount transfer, receive money, wise platform, business debit card, and mass payment services. The company was formerly known as 456 Newco plc and changed its name to Wise plc in June 2021. Wise plc was founded in 2010 and is based in London, the United Kingdom.