WeWork Inc. (NYSE:WE) finished Wednesday with a subtraction of -$0.01 to close at $0.12, a downside of -5.93 percent. An average of 57,310,680 shares of common stock have been traded in the last five days. There was a fall of -$0.0280 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 104,877,789 shares traded, while the 50-day average volume stands at 52,613,684.
WE stock has decreased by -49.32% in the last month. The company shares reached their 1-month lowest point of $0.1060 on 08/23/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $0.12 and a high of $4.69 in 52 weeks. It has reached a new high 6 times so far this year and lost -91.46% or -$1.3079 in price. In spite of this, the price is down -97.40% 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 8 days ago on Aug 16. In this transaction, the insider spent $687,069. 10% Owner, Benchmark Capital Management C, disposed of 4,329,355 shares at a price of $0.16 on Aug 16. The insider now owns more than $687,069 worth of shares. Prior to that, 10% Owner Benchmark Capital Management C went on to Sale 5,406,301 shares at $0.20 each on Aug 15. An amount of $1,082,882 was transacted.
Valuation Metrics
WeWork Inc. (WE) stock’s beta is 1.99. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.09.
Financial Health
The quick ratio of WeWork Inc. for the three months ended June 29 was 0.30, and the current ratio was 0.30, indicating that the company is not able to meet its debt obligations. WeWork Inc.’s EBITDA margin for the year ending June 29 is -12.42%, while its operating margin for the same period stands at -43.80%. Its gross profit as reported stood at $331.0 million compared to revenue of $3.25 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, WeWork Inc.’s return on assets was -9.60%.
Earnings Surprise
For the three-month period that ended June 29, WeWork Inc. had $2.91 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$349.0 million in the quarter, while revenues were shrunk -65.33%. The analyst consensus anticipated WeWork Inc.’s latest quarter earnings to come in at -$0.12 per share, but it turned out to be -$0.21, a -75.00% surprise. For the quarter, EBITDA amounted to $68.0 million. Shareholders own equity worth $2.13 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at WeWork Inc. (WE) price momentum. RSI 9-day as of the close on 23 August was 31.66%, suggesting the stock is Neutral, with historical volatility in this time frame at 166.91%.
As of today, WE’s price is $0.1368 -18.65% or -$0.0280 from its 5-day moving average. WE is currently trading -47.21% lower than its 20-day SMA and -84.24% lower than its 100-day SMA. However, the stock’s current price level is -30.23% below the SMA50 and -95.23% below the SMA200.
The stochastic %K and %D were 6.56% and 8.44%, respectively, and the average true range (ATR) was 0.0380. With the 14-day stochastic at 7.30% and the average true range at 0.0378, the RSI (14) stands at 34.81%. The stock has reached -0.0328 on the 9-day MACD Oscillator while the 14-day reading was at -0.0444.
Analyst Ratings
BTIG Research downgraded WeWork Inc. (NYSE: WE) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for WeWork Inc. (WE) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell WE, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is WE’s price target for the next 12 months?
Analysts predict a range of price targets between $0.20 and $0.30, with a median target of $0.25. Taking a look at these predictions, the average price target given by analysts for WeWork Inc. (WE) stock is $0.25.
