WisdomTree Inc (NYSE: WT): Retirees Don’t Worry About Volatility

WisdomTree Inc (NYSE:WT) currently has a daily average trading volume of 1.53M but it saw 1843632 shares traded in last market. With a market cap of 1.48B USD, the company’s current market price of $10.11 came falling about -3.71 while comparing to the previous closing price of $10.50. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.45 and as low as $6.57. In the recent trading on the day, stock has struck highest price mark of $9.935 while lowest mark touched by it was $10.285.

Taking a look at 20-day trading activity of WisdomTree Inc (WT) gives us an average price of $10.97, while its current price level is -18.80% below from 52-week high level whereas it is 53.88% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $11.05 while that of 200 days or SMA-200 reads an average of $10.09. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.28% during that period while stretching the period over a month that increases to 3.12%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 33.25 which implies that the stock is in neutral territory.

Northland Capital upgraded its recommendation for the stock as a “Outperform” from “Market Perform” on April 03, 2024 while assigning a price target of $12. Craig Hallum issued its recommendations for the stock as it initiated the price target for the stock is $12.

Over the week, WT’s stock price is moving -5.43% down while it is -13.52% when we observe its performance for the past one month. Year-to-date it is -3.71% down and over the past year, the stock is showing an upside performance of 49.34%.

Currently, WisdomTree Inc’s total number of outstanding shares is 146.10M. Company’s return on investment (ROI) stands at 10.20% and return on equity (ROE) at 13.80%. It has a price to earnings ratio (P/E ratio) of 32.20 while having a 13.98 of forward P/E ratio. Stock’s beta reads 1.48. Stock has a price to book (P/B) ratio of 3.82 while price to sale or P/S ratio amounts to 3.62. Its return on asset (ROA) is 5.90% on average.