WiseTech Global (ASX: WTC)
Company Information WiseTech Global Limited (ASX: WTC) WiseTech Global Limited is a software company that serves the logistics industry worldwide. It creates and sells software solutions that help manage the movement and storage of goods and information across the globe. The company’s software, known as CargoWise, is a comprehensive platform used by logistics…
18 Share Tips – 8th July 2024
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18 Share Tips – 1st July 2024
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Lowered Guidance Presents a Buying Opportunity for WiseTech Global (ASX: WTC)
On 8th August the WTC share price hit an all-time high On 23rd August the company’s 2024 guidance released in its Full Year 2023 results disappointed investors The share price fell 18.8% intraday WiseTech Global (ASX: WTC) has been a market darling of the technology sector. The company’s software logistics solutions serve a reported 44…
A Contrarian View on Wisetech Global’s Valuation
Wisetech Global’s Price to Earnings Ratio on 22 June was 110.79, while the average P/E for the ASX 200 was 15.47 in March 2023. Excessive valuation leads analysts to suggest that investors take profits. Wisetech customers include the top 25 global freight forwarders and 42 of the top 50 third-party global logistics providers. Wisetech Global…