As of Wednesday close, WeWork Inc.’s (NYSE:WE) stock was down -$0.04, moving down -21.94 percent to $0.15. The average number of shares traded per day over the past five days has been 309,869,250 shares. 1 time new highs have been achieved over the past 5 days, with a $0.0212 gain in that time frame. In the last twenty days, the average volume was 93,687,469, while in the previous 50 days, it was 49,517,336.
Since last month, WE stock retreated -46.79%. Shares of the company fell to $0.1248 on 08/09/23, the lowest level in the past month. A 52-week high of $5.86 was reached on 02/02/23 after having rallying from a 52-week low of $0.12. Since the beginning of this year, WE’s stock price has dropped by -89.50% or -$1.2799, and marked a new high 6 times. However, the stock has declined by -97.44% since its 52-week high.
WE stock investors should be aware that WeWork Inc. (WE) stock had its last reported insider trading activity 349 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.
Financial Health
In the three months ended June 29, 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 June 29, EBITDA margin amounted to -12.42%, whereas operating margins totaled -47.80%. 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 61.10%.
In WeWork Inc.’s quarter-end financial report for June 29, it reported total debt of $2.91 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. WE’s revenue rose 3.44% to $849.0 million during the quarter, while net income inched up to $844.0 million. While analysts expected WeWork Inc. to report -$0.12 quarterly earnings, the actual figure was -$0.21 per share, beating the consensus estimate by -75.00%. During the quarter, the company generated $68.0 million in EBITDA. The liabilities of WeWork Inc. were 18.62 billion at the end of its most recent quarter ended June 29, and its total debt was $17.1 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 352.83%, the RSI 9-day stood at 36.15% on 16 August.
With respect to its five-day moving average, the current WeWork Inc. price is up by +16.45% percent or $0.0212. At present, WE shares trade -47.52% below its 20-day simple moving average and -82.34% percent below its 100-day simple moving average. However, the stock is currently trading approximately -34.77% below its SMA50 and -94.42% below its SMA200.
Stochastic coefficient K was 31.50% and Stochastic coefficient D was 37.04%, while ATR was 0.0521. Given the Stochastic reading of 12.54% for the 14-day period, the RSI (14) reading has been calculated as 38.08%.
Analyst Ratings
WeWork Inc. downgraded its rating on WeWork Inc. (NYSE: WE) to a Neutral in a note to investors on August 09, 2023. The analysts firm previously had a Buy rating on the stock.WeWork Inc. (WE) has been rated Hold by analysts. According to 0 brokerage firms, WE is a sell, and 3 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 1 recommending it as overweight.
With a median target price of $0.30, the current consensus forecast for the stock is $0.20 – $1.00. Based on these forecasts, analysts predict WeWork Inc. (WE) will achieve an average price target of $0.50.
