The stock of WeWork Inc. (NYSE:WE) increased by $0.05 on Friday to finish at $0.25, up 21.02 percent. The last five days have seen an average of 279,556,563 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$1.1888. The average number of shares traded over the last 20 days was 79,838,359, while the average volume over the last 50 days totaled 45,018,047.
WE stock dropped -11.91% since last month. On 08/09/23, the company’s shares reached a one-month low of $0.1248. The stock touched a high of $5.86 on 02/02/23, after rallying from a low of $0.12 in 52 weeks. The price of WE stock has declined by -82.73% or -$1.1888 this year, reaching a new high 6 times. Still, the stock price is down -95.78% from the 52-week high.
Insider Transactions
WE stock investors should be aware that WeWork Inc. (WE) stock had its last reported insider trading activity 346 days ago on Sep 02. On Sep 02, Chief Executive Officer MATHRANI SANDEEP acquired 25,000 shares at $3.91 each. This transaction resulted in the insider spending $97,750. On Aug 22, MATHRANI SANDEEP added 23,500 shares at a price of US$4.25. After the transaction, the insider now owns 2,359,284 shares.
Financial Health
For the three months ended June 29, WeWork Inc.’s quick ratio was 0.40, while its current ratio was 0.40, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 10.40% percent. WeWork Inc.’s EBITDA margin for the year ended June 29 was -12.42%, whereas its operating margin stood at -47.80% for the same period. Based on annual data, it had gross profit of $331.0 million and revenue of $3.25 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. WE’s return on assets (ROA) during the last 12 months has been -11.20%. There was a 397.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 61.10%.
Earnings Surprise
According to WeWork Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $844.0 million, while revenues rose by 3.44% to $849.0 million. It was predicted that WeWork Inc.’s quarterly earnings would be -$0.21, but it ended up being -$0.12, beating the consensus by -75.00%. EBITDA was $68.0 million for the quarter. At the end of WeWork Inc.’s most recent quarter ended June 29, its liabilities totaled 18.62 billion, while its total debt was $17.1 billion. Equity owned by shareholders amounts to $2.13 billion.
Technical Picture
Here’s a quick look at WeWork Inc.’s (WE) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 55.49%, suggesting the stock is Neutral, with a 345.38% historical volatility rate.
The stochastic %K and %D were 42.27% and 26.34% respectively, while the average true range (ATR) was 0.0543. Based on the 14-day stochastic reading of 57.71%, the RSI (14) reading is 52.28%. On the 9-day MACD Oscillator, the stock is at 0.0032.
Analyst Ratings
WeWork Inc. (NYSE: WE) was downgraded by BTIG Research to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned WeWork Inc. (WE) an Hold rating. WE is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is WE’s price target for the next 12 months?
The current consensus forecast for the stock is between $0.20 and $1.00, with a median target price of $0.30. In analyzing these forecasts, the average price target given by analysts for WeWork Inc. (WE) is $0.50.
