WeWork Inc. (NYSE: WE) stock fell -6.03% on Monday to $4.05 against a previous-day closing price of $4.31. With 2.1 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.45 million shares. During the session, the Real Estate Services company that operates in wider Real Estate sector, reached to the highest price of $4.3000 whereas the lowest price it dropped to was $3.8500. The 52-week range on WE shows that it touched its highest point at $149.60 and its lowest point at $2.61 during that stretch. It currently has a 1-year price target of $10.00. Beta for the stock currently stands at 1.95.
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 WE was up-trending over the past week, with a rise of 31.92%, but this was down by -35.88% over a month. Three-month performance dropped to -58.84% while six-month performance fell -89.67%. The stock lost -97.32% in the past year, while it has lost -92.92% so far this year. A look at the trailing 12-month EPS for WE yields -7.77 with Next year EPS estimates of -9.27. For the next quarter, that number is -4.32. This implies an EPS growth rate of 56.90% for this year and 60.80% for next year.
Float and Shares Shorts:
At present, 53.26 million WE shares are outstanding with a float of 50.81 million shares on hand for trading. On Aug 30, 2023, short shares totaled 2.28 million, which was 4.32% higher than short shares on Jul 30, 2023. In addition to Mr. Anthony Yazbeck as the firm’s Pres, COO & Director, Ms. Susan Catalano serves as its Chief People Officer.
Other institutions hold 0.00% of WE, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 0.00% stake in WE, the iShares Core S&P Total US Stock M is the largest stakeholder. A total of 6,074 shares are owned by the mutual fund manager. The Invesco FTSE RAFI US 1500 Small M, which owns about 0.00% of WE stock, is the second-largest Mutual Fund holder. It holds 11,860 shares valued at 0.0. Schwab US Broad Market ETF holds 0.00% of the stake in WE, owning 9,712 shares worth 0.0.
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 Jun 29, 2023, WE reported revenue of $815.00M and operating income of -$306.00M. The EBITDA in the recently reported quarter was -$155.00M and diluted EPS was -$30.40.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WE 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 WE analysts setting a high price target of $8.00 and a low target of $8.00, the average target price over the next 12 months is $8.00. Based on these targets, WE could surge 97.53% to reach the target high and rise by 97.53% to reach the target low. Reaching the average price target will result in a growth of 97.53% 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 WE stock several times over the past three months with 0 Buys and 6 Sells. In these transactions, 0 shares were bought while 15,151,983 shares were sold. The number of buy transactions has increased to 9 while that of sell transactions has risen to 31 over the past year. The total number of shares bought during that period was 1,127,588,104 while 15,705,308 shares were sold.