WW International Inc. (NASDAQ: WW) stock fell -3.38% on Wednesday to $7.14 against a previous-day closing price of $7.39. With 2.62 million shares changed hands, the volume of the stock remained lighter than its average volume of 8.76 million shares. During the session, the Personal Services company that operates in wider Consumer Cyclical sector, reached to the highest price of $7.33 whereas the lowest price it dropped to was $7.09. The 52-week range on WW shows that it touched its highest point at $10.02 and its lowest point at $3.28 during that stretch. It currently has a 1-year price target of $7.90. Beta for the stock currently stands at 1.68.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WW was down-trending over the past week, with a drop of -9.62%, but this was down by -0.56% over a month. Three-month performance surged to 79.85% while six-month performance rose 96.69%. The stock gained 8.18% in the past year, while it has gained 84.97% so far this year. A look at the trailing 12-month EPS for WW yields -5.13 with Next year EPS estimates of 0.42. For the next quarter, that number is 0.15. This implies an EPS growth rate of -478.10% for this year and 164.60% for next year. EPS is expected to grow by 15.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -36.50%.
Float and Shares Shorts:
At present, 70.60 million WW shares are outstanding with a float of 53.49 million shares on hand for trading. On Apr 27, 2023, short shares totaled 10.83 million, which was 13.77% higher than short shares on Mar 30, 2023. In addition to Ms. Sima D. Sistani as the firm’s CEO & Director, Ms. Heather Stark serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 75.90% of WW’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 43.92% of WW, in contrast to 24.58% held by mutual funds. Shares owned by individuals account for 19.28%. As the largest shareholder in WW with 9.40% of the stake, Contrarius Investment Management holds 6,633,237 shares worth 6,633,237. A second-largest stockholder of WW, The Vanguard Group, Inc., holds 4,327,923 shares, controlling over 6.13% of the firm’s shares. Millennium Management LLC is the third largest shareholder in WW, holding 3,376,605 shares or 4.78% stake. With a 2.39% stake in WW, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 1,688,237 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 1.63% of WW stock, is the second-largest Mutual Fund holder. It holds 1,151,198 shares valued at 9.61 million. Vanguard Strategic Equity Fund holds 1.54% of the stake in WW, owning 1,083,540 shares worth 9.05 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 31, 2023, WW reported revenue of $269.45M and operating income of $39.79M. The EBITDA in the recently reported quarter was $50.21M and diluted EPS was -$0.07.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WW since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With WW analysts setting a high price target of $13.00 and a low target of $4.00, the average target price over the next 12 months is $7.90. Based on these targets, WW could surge 82.07% to reach the target high and fall by -43.98% to reach the target low. Reaching the average price target will result in a growth of 10.64% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded WW stock several times over the past three months with 10 Buys and 4 Sells. In these transactions, 113,111 shares were bought while 49,209 shares were sold. The number of buy transactions has increased to 42 while that of sell transactions has risen to 11 over the past year. The total number of shares bought during that period was 453,658 while 115,214 shares were sold.
