Washington Prime Group Inc. [WPG] Stock trading around $2.78 per share: What’s Next?

Washington Prime Group Inc. [NYSE: WPG] stock went on a downward path that fall over -10.32% on Monday, amounting to a one-week price decrease of less than -11.75%. The company report on March 22, 2021 that SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Washington Prime Group Inc. WPG.

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New York, New York–(Newsfile Corp. – March 21, 2021) – Pomerantz LLP is investigating claims on behalf of investors of Washington Prime Group Inc. (“WPG” or the “Company”)(NYSE: WPG). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether WPG and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

Over the last 12 months, WPG stock dropped by -73.37%. The one-year Washington Prime Group Inc. stock forecast points to a potential upside of 7.33. The average equity rating for WPG stock is currently 3.50, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $61.44 million, with 21.26 million shares outstanding and 20.59 million shares in the current float. Compared to the average trading volume of 2.30M shares, WPG stock reached a trading volume of 1814781 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Washington Prime Group Inc. [WPG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WPG shares is $3.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WPG stock is a recommendation set at 3.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Compass Point have made an estimate for Washington Prime Group Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 30, 2020. While these analysts kept the previous recommendation, Compass Point raised their target price to Neutral. The new note on the price target was released on June 04, 2020, representing the official price target for Washington Prime Group Inc. stock.

The Average True Range (ATR) for Washington Prime Group Inc. is set at 0.87, with the Price to Sales ratio for WPG stock in the period of the last 12 months amounting to 0.12. The Price to Book ratio for the last quarter was 0.18, with the Price to Cash per share for the same quarter was set at 4.19.

WPG Stock Performance Analysis:

Washington Prime Group Inc. [WPG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.75. With this latest performance, WPG shares dropped by -59.53% in over the last four-week period, additionally sinking by -55.87% over the last 6 months – not to mention a drop of -73.37% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WPG stock in for the last two-week period is set at 32.45, with the RSI for the last a single of trading hit 32.62, and the three-weeks RSI is set at 34.35 for Washington Prime Group Inc. [WPG]. The present Moving Average for the last 50 days of trading for this stock 8.04, while it was recorded at 2.87 for the last single week of trading, and 7.28 for the last 200 days.

Insight into Washington Prime Group Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Washington Prime Group Inc. [WPG] shares currently have an operating margin of +7.36 and a Gross Margin at +20.48. Washington Prime Group Inc.’s Net Margin is presently recorded at -39.99.

Return on Total Capital for WPG is now 1.01, given the latest momentum, and Return on Invested Capital for the company is -6.15. Return on Equity for this stock declined to -32.90, with Return on Assets sitting at -5.26. When it comes to the capital structure of this company, Washington Prime Group Inc. [WPG] has a Total Debt to Total Equity ratio set at 598.82. Additionally, WPG Total Debt to Total Capital is recorded at 85.69, with Total Debt to Total Assets ending up at 78.74. Long-Term Debt to Equity for the company is recorded at 866.33, with the Long-Term Debt to Total Capital now at 77.45.

Reflecting on the efficiency of the workforce at the company, Washington Prime Group Inc. [WPG] managed to generate an average of -$284,329 per employee. Receivables Turnover for the company is 4.07 with a Total Asset Turnover recorded at a value of 0.13.

WPG Stock EPS

With the latest financial reports released by the company, Washington Prime Group Inc. posted 0.18/share EPS, while the average EPS was predicted by analysts to be reported at -0.63/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 128.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WPG.

Washington Prime Group Inc. [WPG] Insider Position Details

There are presently around $20 million, or 31.70% of WPG stock, in the hands of institutional investors. The top three institutional holders of WPG stocks are: VANGUARD GROUP INC with ownership of 1,898,472, which is approximately -14.166% of the company’s market cap and around 0.10% of the total institutional ownership; CHARLES SCHWAB INVESTMENT MANAGEMENT INC, holding 1,157,491 shares of the stock with an approximate value of $3.22 million in WPG stocks shares; and PRIVATE MANAGEMENT GROUP INC, currently with $1.59 million in WPG stock with ownership of nearly -1.878% of the company’s market capitalization.

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Positions in Washington Prime Group Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 40 institutional holders increased their position in Washington Prime Group Inc. [NYSE:WPG] by around 824,275 shares. Additionally, 125 investors decreased positions by around 4,641,752 shares, while 19 investors held positions by with 1,806,449 shares. The mentioned changes placed institutional holdings at 7,272,476 shares, according to the latest SEC report filing. WPG stock had 17 new institutional investments in for a total of 309,880 shares, while 72 institutional investors sold positions of 954,456 shares during the same period.

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