Northland Capital has recently raised Wisdomtree Inc (WT) stock to Outperform rating, as announced on April 3, 2024, according to Finviz. Earlier, on March 6, 2024, Craig Hallum had initiated the stock to Buy, setting a price target of $12. Northcoast also raised Buy rating with a price target of $9. Additionally, UBS initiated Buy rating on October 11, 2023, with a target price of $9. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Wisdomtree Inc (WT) Stock Trading Recap
On Monday, Wisdomtree Inc (WT) stock saw a decline, ending the day at $10.37 which represents a decrease of $-0.02 or -0.19% from the prior close of $10.39. The stock opened at $10.39 and touched a low of $10.27 during the day, reaching a high of $10.45. The volume of shares traded was 1.24 million falling short of the average volume of 1.67 million.
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WT Stock Performance and Moving Averages
In recent trading, Wisdomtree Inc (WT) stock price has shown some volatility, fluctuating 2.57% over the last five trades and 2.78% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 15.87%, and it has plunged by -4.69% in the previous three months. Currently, WT is trading at 3.27%, 4.60%, and 12.67% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, WT, a Financial sector stock, is trading -13.73% below its 52-week high but remains 71.12% above its 52-week low. The Average True Range (ATR) (14 days) of 0.22 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Wisdomtree Inc’s Profitability and Valuation Ratios
Wisdomtree Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 29.70% and a profit margin of 19.70%, with a gross margin of 15.87%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Wisdomtree Inc’s market capitalization stands at $1.57 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 21.29, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 15.21. Additionally, the Price-to-Sales Ratio is 4.09, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 3.42, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 8.90% of Wisdomtree Inc (WT)’s shares, while financial institutions hold 68.60%.
