An investigation into WeWork Inc. (NYSE:WE)’s technical aspects

After finishing at $2.08 in the prior trading day, WeWork Inc. (NYSE: WE) closed at $1.93, down -7.21%. In other words, the price has decreased by -$0.1500 from its previous closing price. On the day, 6590074 shares were traded. WE stock price reached its highest trading level at $2.0500 during the session, while it also had its lowest trading level at $1.8700.

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Our goal is to gain a better understanding of WE by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.40 and its Current Ratio is at 0.40.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BTIG Research on November 04, 2022, initiated with a Buy rating and assigned the stock a target price of $7.50.

On October 24, 2022, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $8.

On June 29, 2022, UBS started tracking the stock assigning a Neutral rating and target price of $6.50.UBS initiated its Neutral rating on June 29, 2022, with a $6.50 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 02 when MATHRANI SANDEEP bought 25,000 shares for $3.91 per share. The transaction valued at 97,750 led to the insider holds 2,384,284 shares of the business.

MATHRANI SANDEEP bought 23,500 shares of WE for $99,875 on Aug 22. The Chief Executive Officer now owns 2,359,284 shares after completing the transaction at $4.25 per share. On Aug 10, another insider, Fernandez Andre J, who serves as the Chief Financial Officer of the company, bought 40,000 shares for $5.01 each. As a result, the insider paid 200,500 and bolstered with 454,938 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.48.

Stock Price History:

Over the past 52 weeks, WE has reached a high of $8.08, while it has fallen to a 52-week low of $1.02. The 50-Day Moving Average of the stock is 1.8378, while the 200-Day Moving Average is calculated to be 3.9708.

Shares Statistics:

The stock has traded on average 8.74M shares per day over the past 3-months and 8.54M shares per day over the last 10 days, according to various share statistics. A total of 762.38M shares are outstanding, with a floating share count of 647.03M. Insiders hold about 0.40% of the company’s shares, while institutions hold 87.10% stake in the company. Shares short for WE as of Oct 13, 2022 were 58.14M with a Short Ratio of 83.51M, compared to 59.76M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 8.20% and a Short% of Float of 28.12%.

Earnings Estimates

Its stock is currently analyzed by 3 different market analysts. The consensus estimate for the next quarter is -$0.36, with high estimates of -$0.26 and low estimates of -$0.44.

Analysts are recommending an EPS of between -$1.94 and -$2.3 for the fiscal current year, implying an average EPS of -$2.17. EPS for the following year is -$1.03, with 4 analysts recommending between -$0.69 and -$1.36.

Revenue Estimates

Based on 3 analysts’ estimates, the company’s revenue will be $4.18B in the next fiscal year. The high estimate is $4.35B and the low estimate is $3.97B. The average revenue growth estimate for next year is up 23.20% from the average revenue estimate for this year.