As of Friday close, WeWork Inc.’s (NYSE:WE) stock was down -$0.02, moving down -5.48 percent to $0.22. The average number of shares traded per day over the past five days has been 14,193,860 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0158 fall in that time frame. In the last twenty days, the average volume was 14,860,080, while in the previous 50 days, it was 20,213,557.
Since last month, WE stock retreated -6.47%. Shares of the company fell to $0.2050 on 08/02/23, the lowest level in the past month. A 52-week high of $5.93 was reached on 02/02/23 after having rallying from a 52-week low of $0.16. Since the beginning of this year, WE’s stock price has dropped by -84.33% or -$1.2059, and marked a new high 6 times. However, the stock has declined by -96.22% since its 52-week high.
WE stock investors should be aware that WeWork Inc. (WE) stock had its last reported insider trading activity 337 days ago on Sep 02. MATHRANI SANDEEP, the Chief Executive Officer of the company, purchased of 25,000 shares for $3.91 on Sep 02. It resulted in a $97,750 investment by the insider. MATHRANI SANDEEP added 23,500 shares at an average price of $4.25 on Aug 22. The insider now owns 2,359,284 shares following the transaction. On Aug 10, Chief Executive Officer MATHRANI SANDEEP bought 50,000 shares at $4.98 apiece. The transaction was valued at $248,995.
Financial Health
In the three months ended March 30, WeWork Inc.’s quick ratio stood at 0.40, while its current ratio was 0.40, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 10.40% percent. In the year ended March 30, EBITDA margin amounted to -12.45%, whereas operating margins totaled -43.20%. Based on annual data, WE earned $331.0 million in gross profit and brought in $3.25 billion 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 397.30%. Return on equity (ROE) for the past 12 months was 55.90%.
In WeWork Inc.’s quarter-end financial report for March 30, it reported total debt of $3.58 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. WE’s revenue rose 9.89% to $848.0 million during the quarter, while net income inched up to $849.0 million. While analysts expected WeWork Inc. to report -$0.34 quarterly earnings, the actual figure was -$0.34 per share. During the quarter, the company generated $21.0 million in EBITDA. The liabilities of WeWork Inc. were 20.71 billion at the end of its most recent quarter ended March 30, and its total debt was $19.08 billion. The value of shareholders’ equity is $2.13 billion.
Technical Picture
This quick technical analysis looks at WeWork Inc.’s (WE) price momentum. With a historical volatility rate of 118.40%, the RSI 9-day stood at 43.34% on 04 August.
With respect to its five-day moving average, the current WeWork Inc. price is down by -6.59% percent or -$0.0158. At present, WE shares trade -8.53% below its 20-day simple moving average and -75.51% percent below its 100-day simple moving average. However, the stock is currently trading approximately +10.12% above its SMA50 and -90.54% below its SMA200.
Stochastic coefficient K was 19.11% and Stochastic coefficient D was 13.72%, while ATR was 0.0254. Given the Stochastic reading of 19.61% for the 14-day period, the RSI (14) reading has been calculated as 44.12%.
Analyst Ratings
WeWork Inc. downgraded its rating on WeWork Inc. (NYSE: WE) to a Neutral in a note to investors on May 17, 2023. The analysts firm previously had a Buy rating on the stock.WeWork Inc. (WE) has been rated Overweight by analysts. According to 0 brokerage firms, WE is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate WeWork Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $0.65, the current consensus forecast for the stock is $0.20 – $3.00. Based on these forecasts, analysts predict WeWork Inc. (WE) will achieve an average price target of $1.13.
