WeWork Inc (NYSE:WE) saw an upside of 1.37% to close Tuesday at $2.96 after adding $0.04 on the day. The 5-day average trading volume is 1,954,660 shares of the company’s common stock. It has gained $4.15 in the past week and touched a new high 1 time within the past 5 days. An average of 8,232,490 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,441,773.
WE’s 1-month performance is -40.89% or -$2.05 on its low of $2.61 reached on 09/08/23. The company’s shares have touched a 52-week low of $2.61 and high of $130.80, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, WE has lost -94.83% or -$54.24 and has reached a new high 6 times. However, the current price is down -97.74% from the 52-week high price.
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Insider Transactions
WE stock investors last saw insider trading activity on Sep 15.Wehner Kurt (Chief Financial Officer) most recently sold 1,391 shares at $4.25 per share on Sep 15. This transaction cost the insider $5,912. 10% Owner, DUNLEVIE BRUCE, sold 4,329,355 shares at a price of $0.16 on Aug 16. Then, on Aug 16, 10% Owner Benchmark Capital Management C sold 4,329,355 shares at a price of $0.16 per share. This transaction amounted to $687,069.
Valuation Metrics
WE stock has a beta of 2.07. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.05 while the price to cash flow ratio at 0.19.
WeWork Inc’s quick ratio for the period ended June 29 was 0.34, with the current ratio over the same period at 0.34.. In terms of profitability, the gross margin trailing 12 months is -4.44%. The trailing 12-month EBITDA margin is -12.42% while for the period ending June 29, WeWork Inc’s operating margin was -23.59%. 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 June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -65.33% to -$349.0 million, while revenue of -$264.0 million was 24.36% off the previous quarter. Analysts expected WE to announce -$4.93 per share in earnings in its latest quarter, but it posted -$8.4, representing a -70.40% surprise. EBITDA for the quarter stood at more than $68.0 million. WE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 18.62 billion, with total debt at $17.1 billion. Shareholders hold equity totaling $53.26 million.
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 26 September was 33.86% to suggest the stock is trending Neutral, with historical volatility in this time period at 54.49%.
The stock’s 5-day moving average is $3.26, reflecting a -26.73% or -$1.08 change from its current price. WE is currently trading -41.64% above its 20-day SMA, -81.50% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -74.77% and SMA200 by-96.54%.
Stochastic %K and %D was 9.32% and 14.92% and the average true range (ATR) pointed at 0.78. The RSI (14) points at 36.34%, while the 14-day stochastic is at 8.51% with the period’s ATR at 0.91. The stock’s 9-day MACD Oscillator is pointing at -0.70 and -0.79 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for WeWork Inc (NYSE: WE), BTIG Research 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 Hold. 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 0 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 $8.00 and a high of $8.00, with their median price target at $8.00. Looking at these predictions, the average price target given by analysts is for WeWork Inc (WE) stock is $8.00.
