Wizz Financial (LON:FIN) Shares Climb 10.8% – Should You Buy?

Wizz Financial (LON:FIN) shot up 10.8% during trading on Friday. The company traded as high as GBX 7.20 and last traded at GBX 7.20. 341,351 shares were traded during mid-day trading, an increase of 98% from the average daily volume of 172,617 shares. The stock had previously closed at GBX 6.50.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Wizz Financial in a research report on Tuesday, September 1st.

Wizz Financial Stock Performance

The stock has a market cap of £5.07 million, a P/E ratio of -1.98 and a beta of 1.41. The firm’s 50-day moving average is GBX 6.28 and its two-hundred day moving average is GBX 10.09. The company has a quick ratio of 1.02, a current ratio of 1.27 and a debt-to-equity ratio of 136.14.

Wizz Financial (LON:FIN) last posted its earnings results on Wednesday, September 16th. The company reported GBX (2.09) earnings per share (EPS) for the quarter. Wizz Financial had a negative net margin of 18.79% and a negative return on equity of 111.47%.

About Wizz Financial

Founded in 2019, Wizz Financial is a global digital banking platform connecting people, businesses, and financial institutions across borders. The company brings together payments, digital wallets, cards, cross-border money movement, and lending in one integrated system with the goal of making money move efficiently across markets, currencies, and financial networks. Wizz Financial is headquartered in the United Arab Emirates.