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Weave Communications Inc (NYSE: WEAV) closed the day trading at $8.33 up 0.12% from the previous closing price of $8.32. In other words, the price has increased by $0.12 from its previous closing price. On the day, 0.91 million shares were traded. WEAV stock price reached its highest trading level at $8.54 during the session, while it also had its lowest trading level at $8.16.
Ratios:
For a better understanding of WEAV, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.64 and its Current Ratio is at 1.59. In the meantime, Its Debt-to-Equity ratio is 0.80 whereas as Long-Term Debt/Eq ratio is at 0.66.
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:
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 Jan 24 ’24 when Taylor Alan sold 15,000 shares for $12.00 per share. The transaction valued at 180,000 led to the insider holds 480,813 shares of the business.
Hyde Matthew C. sold 6,983 shares of WEAV for $49,090 on Nov 01 ’23. The Chief Revenue Officer now owns 558,682 shares after completing the transaction at $7.03 per share. On Oct 02 ’23, another insider, Hyde Matthew C., who serves as the Chief Revenue Officer of the company, sold 6,983 shares for $7.98 each. As a result, the insider received 55,724 and left with 565,665 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 591266752 and an Enterprise Value of 567742464. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.32 while its Price-to-Book (P/B) ratio in mrq is 8.05. Its current Enterprise Value per Revenue stands at 3.188 whereas that against EBITDA is -24.365.
Stock Price History:
Over the past 52 weeks, WEAV has reached a high of $13.80, while it has fallen to a 52-week low of $4.66. The 50-Day Moving Average of the stock is -27.41%, while the 200-Day Moving Average is calculated to be -19.66%.
Shares Statistics:
Over the past 3-months, WEAV traded about 448.79K shares per day on average, while over the past 10 days, WEAV traded about 602460 shares per day. A total of 70.12M shares are outstanding, with a floating share count of 64.53M. Insiders hold about 9.09% of the company’s shares, while institutions hold 47.60% stake in the company. Shares short for WEAV as of 1713139200 were 878301 with a Short Ratio of 1.96, compared to 1710460800 on 966422. Therefore, it implies a Short% of Shares Outstanding of 878301 and a Short% of Float of 2.26.
Earnings Estimates
The dynamic stock of Weave Communications Inc (WEAV) is currently being evaluated by a team of 7.0 analysts, each contributing to its current rating.On average, analysts expect EPS of -$0.02 for the current quarter, with a high estimate of -$0.01 and a low estimate of -$0.04, while EPS last year was -$0.05. The consensus estimate for the next quarter is -$0.01, with high estimates of $0.01 and low estimates of -$0.02.
Analysts are recommending an EPS of between $0.01 and -$0.07 for the fiscal current year, implying an average EPS of -$0.03. EPS for the following year is $0.1, with 7.0 analysts recommending between $0.19 and $0.04.
Revenue Estimates
For the next quarter, 7 analysts are estimating revenue of $50.36M. There is a high estimate of $50.7M for the next quarter, whereas the lowest estimate is $49.62M.
A total of 7 analysts have provided revenue estimates for WEAV’s current fiscal year. The highest revenue estimate was $200M, while the lowest revenue estimate was $195.03M, resulting in an average revenue estimate of $198.51M. In the same quarter a year ago, actual revenue was $170.47MBased on 7 analysts’ estimates, the company’s revenue will be $228.44M in the next fiscal year. The high estimate is $233.88M and the low estimate is $220.7M.
