WeWork Inc. (NYSE:WE) does about 8.44M shares in volume on a normal day but saw 5724152 shares change hands in Monday trading. The company now has a market cap of 1.11B USD. Its current market price is $1.68, marking a decrease of -1.18% compared to the previous close of $1.70. The 52 week high reached by this stock is $9.17 whilst the lowest price level in 52 weeks is $1.02. The script in recent trading has seen the stock touch a high of $1.80 and a low of $1.64.
WeWork Inc. (WE) has a 20-day trading average at $1.4965 and the current price is -81.68% off the 52-week high compared with 64.69% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.0340 and its 200-day simple moving average is $4.1796. If we look at the stock’s price movements over the week, volatility stands at 10.64%, which increases to 18.08% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 49.60 to suggest the stock is neutral.
The consensus objective for the share price is $6.58, suggesting that the stock has a potential upside of 74.47% over the period.
FactSet Research has provided data showing that 6 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 5 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 04, 2022 when BTIG Research initiated the stock to “Buy” and issued a price target of $7.50. UBS initiated its price target at $6.50.
The current price level is 13.09%, -18.20%, and -60.05% away from its SMA20, SMA50, and SMA200 respectively, with the WE price moving above the 50-day SMA on January 23. WeWork Inc. (WE) stock is down -6.67% over the week and 16.67% over the past month. Its price is 17.48% year-to-date and -81.74% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2022, with the company’s earnings per share (EPS) of -$0.76 below consensus estimates by -$0.18. The company’s next earnings report is expected on 05/18/2023, with forecasts estimating quarterly EPS at -$0.45 and -$2.17 for whole year. Expected sales for next quarter are $937.89 million, which analysts say will come at $3.39 billion for the current fiscal year and next year at $4.18 billion. In addition, estimates put the company’s current quarterly revenue at an average of $871.98 million.
Its 12-month price target is $7.25. To reach the target analysts have set, the stock logically needs to grow 74.47 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $3.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $9.00.
Outstanding shares total 762.38M with insiders holding 8.60% of the shares and institutional holders owning 89.11% of the company’s common stock. The company has a return on investment of -350.50% and return on equity of 93.50%. Price to sales ratio is 0.36.
According to a U.S. Securities and Exchange Commission filing, Fidelity Blue Chip Growth Fund has reduced its position in WeWork Inc. (WE) to 12,870,658 shares, mirroring a recent drop by -0.05%. Fidelity Blue Chip Growth Fund dumped 6313.0 shares of WeWork Inc. common stock bringing its total worth to about $18.41 million at the end of recent close, SEC documents show. Vanguard Real Estate Index Fund cut their holdings by -0.53% in the company over the course of the most recent quarter. It now holds a 1.12% position in WeWork Inc. thanks to 7.96 million shares amounting to $11.38 million.