After finishing at $10.64 in the prior trading day, Weave Communications Inc (NYSE: WEAV) closed at $12.74, up 19.74%. In other words, the price has increased by $+2.10 from its previous closing price. On the day, 1165279 shares were traded. WEAV stock price reached its highest trading level at $12.88 during the session, while it also had its lowest trading level at $11.47.
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Ratios:
Our goal is to gain a better understanding of WEAV by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 87.24. For the most recent quarter (mrq), Quick Ratio is recorded 1.83 and its Current Ratio is at 1.64. In the meantime, Its Debt-to-Equity ratio is 0.75 whereas as Long-Term Debt/Eq ratio is at 0.62.
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 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. The Chief Revenue Officer now owns 558,682 shares after completing the transaction at $7.03 per share. On Oct 02, 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 746.04M and an Enterprise Value of 696.74M. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.24 while its Price-to-Book (P/B) ratio in mrq is 11.31. Its current Enterprise Value per Revenue stands at 4.09 whereas that against EBITDA is -53.53.
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 $4.04. The 50-Day Moving Average of the stock is 11.86, while the 200-Day Moving Average is calculated to be 9.70.
Shares Statistics:
The stock has traded on average 436.60K shares per day over the past 3-months and 835.4k shares per day over the last 10 days, according to various share statistics. A total of 70.12M shares are outstanding, with a floating share count of 41.72M. Insiders hold about 40.50% of the company’s shares, while institutions hold 49.41% stake in the company. Shares short for WEAV as of Jan 31, 2024 were 1.17M with a Short Ratio of 2.68, compared to 894.58k on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.69% and a Short% of Float of 3.29%.
Earnings Estimates
Its stock is currently analyzed by 7 different market analysts. 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 -$0.02, with high estimates of $0 and low estimates of -$0.03.
Analysts are recommending an EPS of between $0.01 and -$0.09 for the fiscal current year, implying an average EPS of -$0.04. EPS for the following year is $0.08, with 7 analysts recommending between $0.13 and $0.03.
Revenue Estimates
7 analysts predict $45.79M in revenue for the current quarter. It ranges from a high estimate of $46.2M to a low estimate of $45.24M. As of the current estimate, Weave Communications Inc’s year-ago sales were $39.56M, an estimated increase of 15.70% from the year-ago figure.
A total of 7 analysts have provided revenue estimates for WEAV’s current fiscal year. The highest revenue estimate was $198.01M, while the lowest revenue estimate was $191.96M, resulting in an average revenue estimate of $196.29M. In the same quarter a year ago, actual revenue was $170.47M, up 15.10% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $225.62M in the next fiscal year. The high estimate is $231.29M and the low estimate is $215.87M. The average revenue growth estimate for next year is up 14.90% from the average revenue estimate for this year.
