WizzFinancial (LON:FIN) Stock Price Up 25.9% – Should You Buy?

WizzFinancial (LON:FIN)’s stock price rose 25.9% on Friday . The company traded as high as GBX 10.88 and last traded at GBX 10.20. Approximately 1,266,355 shares were traded during mid-day trading, an increase of 701% from the average daily volume of 158,172 shares. The stock had previously closed at GBX 8.10.

Analysts Set New Price Targets

Separately, Shore Capital Group restated a “house stock” rating on shares of WizzFinancial in a research report on Thursday, June 4th.

WizzFinancial Stock Up 25.9%

The business has a 50-day moving average price of GBX 8.94 and a 200-day moving average price of GBX 12.06. The stock has a market cap of £7.18 million, a PE ratio of 18.55 and a beta of 1.62. The company has a current ratio of 1.48, a quick ratio of 1.02 and a debt-to-equity ratio of 97.87.

WizzFinancial (LON:FIN) last announced its earnings results on Thursday, June 4th. The company reported GBX (1.92) EPS for the quarter. WizzFinancial had a negative net margin of 8.95% and a negative return on equity of 43.85%. The firm had revenue of GBX 1,243 million for the quarter.

Insider Transactions at WizzFinancial

In related news, insider Simon Bullock acquired 50,000 shares of the stock in a transaction on Tuesday, April 14th. The shares were bought at an average price of GBX 9 per share, with a total value of £4,500. Also, insider Bill Newton sold 297,200 shares of the business’s stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of GBX 9, for a total value of £26,748. In the last 90 days, insiders have acquired 497,000 shares of company stock valued at $4,473,000 and have sold 721,921 shares valued at $6,215,226. Company insiders own 14.07% of the company’s stock.

About WizzFinancial

WizzFinancial operates as a platform for B2B payments and foreign exchange solutions worldwide. It operates through three segments: Cross-Border Payments & Consumer Solutions, Consumer Foreign Exchange Solutions, and B2B & Payment Technology Solutions. The Cross-Border Payments & Consumer Solutions segment offers cross-border payments services through digital and physical channels. This segment also provides payroll processing, mobile wallet, bill payment, digital gifting, and consumer advance services.