Market Highlights: Weave Communications Inc (WEAV) Ends on a Low Note at 13.28

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The price of Weave Communications Inc (NYSE: WEAV) closed at $13.28 in the last session, down -3.42% from day before closing price of $13.75. In other words, the price has decreased by -$3.42 from its previous closing price. On the day, 1.31 million shares were traded. WEAV stock price reached its highest trading level at $13.85 during the session, while it also had its lowest trading level at $12.97.

Ratios:

We take a closer look at WEAV’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 134.78. For the most recent quarter (mrq), Quick Ratio is recorded 1.45 and its Current Ratio is at 1.45. In the meantime, Its Debt-to-Equity ratio is 0.82 whereas as Long-Term Debt/Eq ratio is at 0.67.

On January 02, 2024, Piper Sandler Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $8 to $15.

Loop Capital Upgraded its Hold to Buy on June 26, 2023, whereas the target price for the stock was revised from $5 to $13.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 13 ’24 when Taylor Alan sold 892 shares for $14.15 per share. The transaction valued at 12,622 led to the insider holds 390,495 shares of the business.

Modersitzki Blake G sold 79,863 shares of WEAV for $1,142,105 on Nov 08 ’24. The Director now owns 291,070 shares after completing the transaction at $14.30 per share. On Nov 11 ’24, another insider, Modersitzki Blake G, who serves as the Director of the company, sold 74,228 shares for $14.04 each. As a result, the insider received 1,042,161 and left with 286,320 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WEAV now has a Market Capitalization of 966400256 and an Enterprise Value of 924933312. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.93 while its Price-to-Book (P/B) ratio in mrq is 13.99. Its current Enterprise Value per Revenue stands at 4.723 whereas that against EBITDA is -42.317.

Stock Price History:

Over the past 52 weeks, WEAV has reached a high of $14.50, while it has fallen to a 52-week low of $8.10. The 50-Day Moving Average of the stock is 4.74%, while the 200-Day Moving Average is calculated to be 19.86%.

Shares Statistics:

According to the various share statistics, WEAV traded on average about 722.25K shares per day over the past 3-months and 1748780 shares per day over the past 10 days. A total of 70.12M shares are outstanding, with a floating share count of 48.74M. Insiders hold about 33.02% of the company’s shares, while institutions hold 49.46% stake in the company. Shares short for WEAV as of 1730332800 were 946308 with a Short Ratio of 1.31, compared to 1727654400 on 798714. Therefore, it implies a Short% of Shares Outstanding of 946308 and a Short% of Float of 2.34.

Earnings Estimates

The firm’s stock currently is rated by 7.0 analysts. The consensus estimate for the next quarter is $0.01, with high estimates of $0.03 and low estimates of -$0.01.

Analysts are recommending an EPS of between $0.05 and $0.01 for the fiscal current year, implying an average EPS of $0.04. EPS for the following year is $0.11, with 7.0 analysts recommending between $0.15 and $0.07.

Revenue Estimates

According to 7 analysts, the current quarter’s revenue is expected to be $53.23M. It ranges from a high estimate of $53.55M to a low estimate of $52.36M. As of the current estimate, Weave Communications Inc’s year-ago sales were $45.69MFor the next quarter, 7 analysts are estimating revenue of $54.74M. There is a high estimate of $55.75M for the next quarter, whereas the lowest estimate is $52.4M.

A total of 7 analysts have provided revenue estimates for WEAV’s current fiscal year. The highest revenue estimate was $203.7M, while the lowest revenue estimate was $199.76M, resulting in an average revenue estimate of $202.98M. In the same quarter a year ago, actual revenue was $170.47MBased on 7 analysts’ estimates, the company’s revenue will be $235.72M in the next fiscal year. The high estimate is $241.48M and the low estimate is $227.81M.

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