A Look at Weave Communications Inc (WEAV) Shares in the Recent Past Indicates Growth

With 1.01 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.96 shares. The 52-week range on WEAV shows that it touched its highest point at $13.63 and its lowest point at $4.04 during that stretch. It currently has a 1-year price target of $13.14. Beta for the stock currently stands at 2.36.

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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 WEAV was up-trending over the past week, with a rise of 3.32%, but this was up by 19.54% over a month. Three-month performance surged to 65.23% while six-month performance rose 30.86%. The stock gained 144.97% in the past year, while it has gained 16.83% so far this year. A look at the trailing 12-month EPS for WEAV yields -0.50 with Next year EPS estimates of -0.07. For the next quarter, that number is -0.03. This implies an EPS growth rate of 69.62% for this year and 49.03% for next year.

Float and Shares Shorts:

At present, 65.74 million WEAV shares are outstanding with a float of 41.22 million shares on hand for trading. On Jan 31, 2024, short shares totaled 1.17 million, which was 1.69% higher than short shares on Dec 29, 2023. In addition to Mr. Brett T. White as the firm’s CEO & Director, Ms. Erin Goodsell serves as its Chief Legal Officer & Corporate Secretary.

Institutional Ownership:

Through their ownership of 84.91% of WEAV’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WEAV 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 WEAV analysts setting a high price target of $15.00 and a low target of $11.00, the average target price over the next 12 months is $13.14. Based on these targets, WEAV could surge 11.94% to reach the target high and fall by -17.91% to reach the target low. Reaching the average price target will result in a decline of -1.94% from current levels.

Summary of Insider Activity:

Insiders traded WEAV stock several times over the past three months with 0 Buys and 3 Sells. In these transactions, 0 shares were bought while 70,665 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 51 over the past year. The total number of shares bought during that period was 1,594,122 while 4,305,613 shares were sold.