Market Watch: Weave Communications Inc (WEAV)’s Noteworthy Drop, Closing at 14.01

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As of close of business last night, Weave Communications Inc’s stock clocked out at $14.01, down -0.57% from its previous closing price of $14.09. In other words, the price has decreased by -$0.57 from its previous closing price. On the day, 0.65 million shares were traded. WEAV stock price reached its highest trading level at $14.27 during the session, while it also had its lowest trading level at $13.96.

Ratios:

To gain a deeper understanding of WEAV’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.33 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 141.39. 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:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 27 ’24 when PELION VENTURES VI LP bought 16,151 shares for $14.14 per share.

PELION VENTURES VI-A LP bought 1,104 shares of WEAV for $15,615 on Nov 27 ’24. On Nov 26 ’24, another insider, Modersitzki Blake G, who serves as the Director of the company, sold 28,475 shares for $14.12 each. As a result, the insider received 402,067 and left with 280,104 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 1019523200 and an Enterprise Value of 978056192. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.18 while its Price-to-Book (P/B) ratio in mrq is 14.76. Its current Enterprise Value per Revenue stands at 4.994 whereas that against EBITDA is -44.748.

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 5.80%, while the 200-Day Moving Average is calculated to be 26.07%.

Shares Statistics:

It appears that WEAV traded 794.38K shares on average per day over the past three months and 988240 shares per day over the past ten days. A total of 70.12M shares are outstanding, with a floating share count of 51.76M. Insiders hold about 28.87% of the company’s shares, while institutions hold 53.45% stake in the company. Shares short for WEAV as of 1731628800 were 1021579 with a Short Ratio of 1.29, compared to 1728950400 on 892720. Therefore, it implies a Short% of Shares Outstanding of 1021579 and a Short% of Float of 2.52.

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