Wisr Share Price Up after New Presentation (ASX:WZR)

By ,

At time of writing, the share price of Wisr Ltd [ASX:WZR] is up more than 7%, trading at 22.5 cents.

The WZR share price surged from the March market lows, but is yet to reclaim the heights of the pre-lockdown period:

ASX WZR Share Price Chart 1

Source: Tradingview.com

There were some interesting bits of info in today’s updates which point to Wisr’s future direction.

We unpack what it means for the WZR share price.

Wisr share price down then up

This is what intraday trading of WZR shares looked like:

ASX Wisr Share Price Chart 2

Source: Tradingview.com

So clearly some positives in there for WZR investors.

Since we last covered Wisr, when the share price was sitting at 23.5 cents, it’s possible it may puncture that mark in the days ahead.

Here are the key metrics as I see it for the neo-lender:

  • 358% revenue growth in Q1FY21 versus Q1FY20
  • 90-plus day arrears down .43% to 1.01%
  • Strong Net Promoter scores
  • $32.1 million in cash

So, the takeaways are that they are starting to get revenue traction, the quality of their debt is improving, people like the service, and they have cash to pour into growth.

This doesn’t mean macroeconomic headwinds won’t affect them, but the cash and quality debt could act as a buffer.

Outlook for WZR share price

I’ve marked some key levels out on the WZR share price chart below:

ASX WZR Share Price Chart 3

Source: Tradingview.com

With the Victorian economy slowly reopening, this is certainly a boost.

If the WZR share price can crack through the first level at 25 cents, this would be a positive.

Then if it pushes further to say 28 cents and manages to beat the selling that might come in at this level, this would be a further boon.

Ultimately though, Wisr’s story is more to do with the unbundling of banking as an institution.

Banking as a service is certainly the future, and if you want the names of three small-cap fintechs that are currently smaller than Wisr, you can get that here.

It’s a quality read and covers some exciting companies.

Highly recommended.

Regards,

Lachlann Tierney,
For Money Morning

About Lachlann Tierney

Lachlann Tierney is an Analyst for Money Morning and has been investing for nearly a decade. With a Masters of Science from the London School of Economics, he brings a sound understanding of global markets to his writing. Lachlann is interested in emerging technologies, energy solutions and helping people invest…

Wisr Share Price: $55 Million Capital Raise Announced (ASX:WZR)

Wisr [ASX:WZR] is set to raise $55 million to grow its loan book, with $77.1 million loans originated in the first two months of Q4 FY21.

Wisr Share Price: Fintech Flags Capital Raise (ASX:WZR)

The Wisr Ltd [ASX:WZR] share price entered a trading halt today pending a capital raise via an institutional placement. Before the halt, Wisr shares were trading for 32 cents a share

Wisr Share Price Up, Latest ABS Announcement Explained (ASX:WZR)

At time of writing, the share price of Wisr [ASX:WZR] share price is up more than 1% after a strong run, trading at 27.5 cents.

Wisr Share Price up on 19th Quarter of Growth (ASX:WZR)

The Wisr Ltd [ASX:WZR] share price is up more than 4% trading at 23.5 cents. The WZR share price is threatening to break out of a range that dates back to September…

Wisr Limited Share Price Flat on Results [ASX:WZR]

At time of writing the Wisr Ltd [ASX:WZR] share price trades at 18.5 cents. In a recent announcement, the company recorded fantastic growth again.

Wisr Share Price Gets Boost from New Loan Numbers (ASX:WZR)

At time of writing, the share price of Wisr Ltd [ASX:WZR] is up more than 5%, trading at 20 cents. The WZR share price bounced sharply off of the March low, but is now trading sideways in a range..