WisdomTree Inc (NYSE:WT) shares, rose in value, with the stock price up by 0.41% to the previous day’s close as strong demand from buyers drove the stock to $9.91.
Actively observing the price movement in the last trading, the stock closed the session at $9.87, falling within a range of $9.87 and $9.99. The value of beta (5-year monthly) was 1.429 whereas the PE ratio was 20.35 over 12-month period. Referring to stock’s 52-week performance, its high was $12.02, and the low was $6.06. On the whole, WT has fluctuated by 5.43% over the past month.
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With the market capitalization of WisdomTree Inc currently standing at about $1.50 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-25. The company’s Forward Dividend Ratio is 0.12, with its dividend yield at 1.21%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 425.4M, with a low estimate of 108.6M and a high estimate of 110.83M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 109.78M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WT’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 10.07, with the price of WT currently trading nearly -0.38% and 0.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.32, while the 7-day volatility ratio is showing 1.73% which for the 30-day chart, stands at 2.06%. Furthermore, WisdomTree Inc (WT)’s beta value is 1.43, and its average true range (ATR) is 0.22.
A comparison of WisdomTree Inc (WT) with its peers suggests the former has fared considerably weaker in the market. WT showed an intraday change of 0.41% in last session, and over the past year, it grew by 41.37%%.
Data on historical trading for WisdomTree Inc (NYSE:WT) indicates that the trading volumes over the past 10 days have averaged 1.06 and over the past 3 months, they’ve averaged 1.67 million. According to company’s latest data on outstanding shares, there are 151.86 million shares outstanding.
Nearly 8.90% of WisdomTree Inc’s shares belong to company insiders and institutional investors own 68.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18.84 million shares as on 2024-09-30, resulting in a short ratio of 15.21. According to the data, the short interest in WisdomTree Inc (WT) stood at 1762.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 18.29 million. The stock has risen by 43.00% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WT stock heading into the next quarter.
