WeWork Inc. (NYSE:WE) currently has a daily average trading volume of 12.77M but it saw 36841704 shares traded on Thursday. With a market cap of 497.24M USD, stock’s current market price of $0.19 came falling about -5.95 while comparing to the previous closing price of $0.20. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.08 and as low as $0.19. In the recent trading on the day, stock has struck highest price mark of $0.2094 while lowest mark touched by it was $0.177.
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Taking a look at 20-day trading activity of WeWork Inc. (WE) gives us an average price of $0.3402, while its current price level is -97.69% below from 52-week high level whereas it is -2.56% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.5349 while that of 200 days or SMA-200 reads an average of $2.0011. A closer look into the stock’s movement over the week reveals that its volatility is standing at 16.43% during that period while stretching the period over a month that decreases to 13.44%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 19.48 which implies that the stock is in oversold territory.
WeWork Inc. (WE)’s stock is currently under the radar of 5 analysts who are in consensus at a 12-month price target range of between $0.30 and $3.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $0.30 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $3.00. Average price target assigned by them is $1.58 which highlights an upside potential of 87.97% for the stock over that period. And to attain the median price target of $1.50 assigned by those analysts, stock has to add about 87.33% of value to its current levels.
Data by FactSet Research shows that 5 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 3 analysts suggested the investors to Buy the stock while 2 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, WE’s stock price is moving -29.06% down while it is -54.48% when we observe its performance for the past one month. Year-to-date it is -86.96% down and over the past year, the stock is showing a downside performance of -97.09%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.34 beat the consensus estimate of -$0.34 for the same. The company is expected to be releasing its next quarterly report in 08/11/2023, for which analysts forecasted an EPS of -$0.11 while estimate for next year EPS is -$0.53. For WE, analysts are forecasting an EPS-growth rate of 80.10% for current year and estimate for EPS growth in next year is 58.50%. In next quarter, company is expected to be making quarterly sales of $865.63 million as analysts are expecting the sales for current fiscal year at $3.45 billion and seeing the company making $3.74 billion in sales next year. Moreover, analysts are in estimates of $853.17 million for current-quarter revenue.
Currently, WeWork Inc.’s total number of outstanding shares is 2.13B with 12.08% of that held by the insiders while 89.34% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 397.30% and return on equity (ROE) at 70.10%. Stock has a price to sale or P/S ratio amounts to 0.15. Its return on asset (ROA) is -10.60% on average.
