WeWork Inc. (NYSE:WE) saw a downside of -5.50% to close Tuesday at $0.21 after subtracting -$0.01 on the day. The 5-day average trading volume is 14,440,820 shares of the company’s common stock. It has gained $0.2460 in the past week and touched a new high 3 times within the past 5 days. An average of 15,456,605 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 19,477,023.
WE’s 1-month performance is -16.88% or -$0.0352 on its low of $0.2050 reached on 08/02/23. The company’s shares have touched a 52-week low of $0.16 and high of $5.93, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, WE has lost -85.33% or -$1.2202 and has reached a new high 6 times. However, the current price is down -96.47% from the 52-week high price.
Valuation Metrics
WE stock has a beta of 1.82. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.14.
WeWork Inc.’s quick ratio for the period ended March 30 was 0.40, with the current ratio over the same period at 0.40.. In terms of profitability, the gross margin trailing 12 months is 10.40%. The trailing 12-month EBITDA margin is -12.45% while for the period ending March 30, WeWork Inc.’s operating margin was -43.20%. The firm’s gross profit as reported stood at $331.0 million against revenue of $3.25 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -64.77% to -$264.0 million, while revenue of -$454.0 million was -71.97% off the previous quarter. Analysts expected WE to announce -$0.34 per share in earnings in its latest quarter, but it posted -$0.34, representing a 0.00% surprise. EBITDA for the quarter stood at more than $21.0 million. WE stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 20.71 billion, with total debt at $19.08 billion. Shareholders hold equity totaling $2.13 billion.
Let’s look briefly at WeWork Inc. (WE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 37.87% to suggest the stock is trending Neutral, with historical volatility in this time period at 115.13%.
The stock’s 5-day moving average is $0.2206, reflecting a -3.54% or -$0.0077 change from its current price. WE is currently trading -17.73% above its 20-day SMA, -75.70% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +12.49% and SMA200 by-89.56%.
Stochastic %K and %D was 14.94% and 19.33% and the average true range (ATR) pointed at 0.0235. The RSI (14) points at 40.60%, while the 14-day stochastic is at 6.01% with the period’s ATR at 0.0250. The stock’s 9-day MACD Oscillator is pointing at -0.0028 and -0.0145 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for WeWork Inc. (NYSE: WE), Mizuho downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for WE stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate WE as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is WE’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $0.20 and a high of $3.00, with their median price target at $0.65. Looking at these predictions, the average price target given by analysts is for WeWork Inc. (WE) stock is $1.13.
