Are You Looking To Buy WeWork Inc. (WE)? First, Read This

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WeWork Inc. (NYSE:WE) finished Wednesday with a subtraction of -$0.1 to close at $3.34, a downside of -2.91 percent. An average of 4,857,820 shares of common stock have been traded in the last five days. There was a fall of -$0.66 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 3,652,665 shares traded, while the 50-day average volume stands at 4,814,858.

WE stock has decreased by -21.60% in the last month. The company shares reached their 1-month lowest point of $3.28 on 09/19/22. With the stock rallying to its 52-week high on 01/13/22, shares of the company touched a low of $3.28 and a high of $14.97 in 52 weeks. It has reached a new high 6 times so far this year and lost -61.16% or -$5.26 in price. In spite of this, the price is down -77.69% from the 52-week high.


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Insider Transactions

129 days have passed since WeWork Inc. (WE) last reported insider trading activity. Greenspan Peter, who is Global Head of Real Estate, most recently acquired $152,941 shares at $6.68 per share on May 16.

Financial Health

The quick ratio of WeWork Inc. for the three months ended June 29 was 0.60, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at -$514.52 million compared to revenue of $2.57 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, WeWork Inc.’s return on assets was -12.00%.

Earnings Surprise

For the three-month period that ended June 29, WeWork Inc. had $2.2 billion in total debt. The analyst consensus anticipated WeWork Inc.’s latest quarter earnings to come in at -$0.58 per share, but it turned out to be -$0.76, a -31.00% surprise. For the quarter, EBITDA amounted to -$158.0 million. Shareholders own equity worth $729.31 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at WeWork Inc. (WE) price momentum. RSI 9-day as of the close on 21 September was 23.00%, suggesting the stock is oversold, with historical volatility in this time frame at 53.93%.

As of today, WE’s price is $3.53 -16.50% or -$0.66 from its 5-day moving average. WE is currently trading -22.51% lower than its 20-day SMA and -53.48% lower than its 100-day SMA. However, the stock’s current price level is -38.72% below the SMA50 and -56.45% below the SMA200.

The stochastic %K and %D were 11.21% and 13.28%, respectively, and the average true range (ATR) was 0.26. With the 14-day stochastic at 5.31% and the average true range at 0.29, the RSI (14) stands at 30.20%. The stock has reached -0.41 on the 9-day MACD Oscillator while the 14-day reading was at -0.47.

Analyst Ratings

UBS launched coverage on WeWork Inc. (NYSE: WE) in its analyst report released on June 29, 2022. The firm assigned the stock a Neutral rating.

What is WE’s price target for the next 12 months?

Analysts predict a range of price targets between $6.50 and $11.00, with a median target of $9.50. Taking a look at these predictions, the average price target given by analysts for WeWork Inc. (WE) stock is $9.13.

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