WiseTech Global Ltd (ASX: WTC) has had a difficult 12 months on the ASX.
The share price is down close to 50% over the past year, though it is showing a small lift today, up 0.37% to $61.95.
Let’s take a look at what has driven the sell-off.
A sharp fall after years of strong gains
Wisetech shares peaked above $130 last February, before selling pressure took over. Rising interest rates, weaker sentiment toward expensive growth stocks, and concerns around valuation put pressure on the share price.
Since then, the shares have struggled to find support. The sell-off has dragged the price back to levels not seen for several years.
Despite the fall, Wisetech remains a profitable global business. It develops software used by freight forwarders and logistics companies around the world, with its CargoWise platform deeply embedded in customer operations.
A look at the share price trend
Looking at the WiseTech chart, the stock is starting to look stretched.
The shares are trading near the lower Bollinger Band, which can suggest the price is oversold in the short term. The relative strength index (RSI) is sitting at 31, pointing to weak momentum but also the potential for a short-term bounce.
That said, oversold stocks can stay oversold for longer than many expect. The chart shows support in the low $60’s, while resistance sits closer to $70. A move back above that level would help improve short-term sentiment.
Dividends and upcoming results to watch
In an announcement to the ASX, WiseTech outlined its key financial dates for 2026.
The next interim dividend goes ex-dividend on 13 March 2026, with payment due on 10 April 2026.
Wisetech is set to report its half-year results on 25 February 2026, and this update could be crucial. Investors will be looking closely at revenue growth, margins, and any update on customer demand.
Looking further ahead, the company is scheduled to release its full-year results on 26 August 2026, before holding its annual general meeting (AGM) in November. Those updates should provide a clearer picture of whether Wisetech is ready to move past this rough patch, or if the recovery will take longer than many hope.
Foolish bottom line
WiseTech’s share price weakness reflects a mix of market headwinds, short-term bearish sentiment, and operational uncertainty.
However, for investors who are focused on fundamentals and long-term trends, this could be a stock worth watching for signs of stability and growth.
Stay tuned for the 25 February results, as it could be the turning point for the company.
The post Why Wisetech could be worth watching after a rough year appeared first on The Motley Fool Australia.
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More reading
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- A once-in-a-decade chance to buy WiseTech Global shares?
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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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