Wejo Group Limited (WEJO) Is A Stock You Should Watch

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As of Wednesday close, Wejo Group Limited’s (NASDAQ:WEJO) stock was up $0.04, moving up 4.24 percent to $0.91. The average number of shares traded per day over the past five days has been 200,700 shares. 3 times new highs have been achieved over the past 5 days, with a $0.0511 gain in that time frame. In the last twenty days, the average volume was 150,760, while in the previous 50 days, it was 123,212.

Since last month, WEJO stock retreated -15.63%. Shares of the company fell to $0.7807 on 11/09/22, the lowest level in the past month. A 52-week high of $8.63 was reached on 01/05/22 after having rallying from a 52-week low of $0.78. Since the beginning of this year, WEJO’s stock price has dropped by -86.68% or -$5.9288, and marked a new high 2 times. However, the stock has declined by -89.44% since its 52-week high.


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Financial Health

In the three months ended June 29, Wejo Group Limited’s quick ratio stood at 1.10, while its current ratio was 1.10, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is -50.10% percent. Based on annual data, WEJO earned -$1.02 million in gross profit and brought in $2.57 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -226.90%. Return on equity (ROE) for the past 12 months was 581.50%.

In Wejo Group Limited’s quarter-end financial report for June 29, it reported total debt of $35.98 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. WEJO’s revenue rose 86.38% to $1.62 million during the quarter, while net income inched up to $2.57 million. While analysts expected Wejo Group Limited to report -$0.32 quarterly earnings, the actual figure was -$0.58 per share, beating the consensus estimate by -81.20%. During the quarter, the company generated -$24.44 million in EBITDA. The liabilities of Wejo Group Limited were 77.69 million at the end of its most recent quarter ended June 29, and its total debt was $38.48 million. The value of shareholders’ equity is $108.59 million.

Technical Picture

This quick technical analysis looks at Wejo Group Limited’s (WEJO) price momentum. With a historical volatility rate of 104.98%, the RSI 9-day stood at 48.30% on 23 November.

With respect to its five-day moving average, the current Wejo Group Limited price is up by +5.94% percent or $0.0511. At present, WEJO shares trade -17.91% below its 20-day simple moving average and -27.10% percent below its 100-day simple moving average. However, the stock is currently trading approximately -15.63% below its SMA50 and -79.10% below its SMA200.

Stochastic coefficient K was 53.23% and Stochastic coefficient D was 42.46%, while ATR was 0.0981. Given the Stochastic reading of 52.35% for the 14-day period, the RSI (14) reading has been calculated as 46.04%. As of today, the MACD Oscillator reading stands at 0.0253, while the 14-day reading stands at 0.0139.

Analyst Ratings

Wedbush launched its rating on Wejo Group Limited (NASDAQ: WEJO) to an Outperform in a note to investors on December 21, 2021. Wejo Group Limited (WEJO) has been rated Overweight by analysts. According to 0 brokerage firms, WEJO is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Wejo Group Limited stock as buy, with 1 recommending it as overweight.

With a median target price of $4.00, the current consensus forecast for the stock is $3.00 – $5.00. Based on these forecasts, analysts predict Wejo Group Limited (WEJO) will achieve an average price target of $4.00.

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