Why Buying The WisdomTree Inc (NYSE: WT) Stock Today Might Make Sense

WisdomTree Inc (NYSE:WT) traded at $11.74 at last check on current trade day and made a downward move of -2.17% on its previous day’s price.

Looking at the stock we see that its previous close was $12.00 and the beta (5Y monthly) reads 1.425 with the day’s price range being $11.4203 – $11.995. The company has a trailing 12-month PE ratio of 37.39. In terms of its 52-week price range, WT has a high of $12.45 and a low of $6.24. The company’s stock has gained about 12.77% over that past 30 days.

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WisdomTree Inc has a market cap of $1.72 billion and is expected to release its quarterly earnings report in December. With its Forward Dividend at 0.12 and a yield of 1.02%, the company’s investors could be anxious for the WT stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of 0.18, with the EPS growth for the year raised at 0.65 for current year and 0.65 for next year.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 112.33M, with a low of 109.88M and a high of 113.76M. The median projection represents growth squeezing down to 23.65% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 428.33M, or 22.72% up from figures reported last year.

On the other hand, looking at the outlook for the WT stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.

Looking further, we note that the PEG ratio for the WT stock currently stands at 18.51, and the most recent price level today is 4.21% off its SMA20 and 10.88% from its 50-day simple moving average. The RSI (14) is pointing at 62.28 while the volatility over the past week is 2.81% and jumps to 2.76% over the past one month. The beta value is 1.46, while the average true range (ATR) is currently pointing at 0.35. The average price target for the stock over the next 12 months is $12.5, with the estimates having a low of $6 and a high of $15. These price ends are 48.89% and -27.77% off the today’s price level respectively, although investors could be excited at the prospect of a -6.47% if the WT share price touches on the median price of $12.5.

Coming back to WisdomTree Inc (NYSE:WT), we note that the average 3-month trading volume was 1.40 million, while that of the preceding 10-day period stands at 1.63 million. Current shares outstanding are 146.10 million.

The insiders hold 8.50% of the company’s shares while institutions hold 74.70%. The data shows that short shares as of 2024-11-15, stood at 21.6 million at a short ratio of 13.04. This represents a 2135.00 short interest in shares outstanding on 2024-11-15. Shares short rose in November from the previous month at 19.17 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 69.40% up in year-to-date price movement.

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