Washington Prime Group Inc. [WPG] Is Currently -30.17 below its 200 Period Moving Avg: What Dose This Mean?

Washington Prime Group Inc. [NYSE: WPG] loss -30.17% or -1.46 points to close at $3.38 with a heavy trading volume of 33038219 shares. The company report on June 15, 2021 that SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Washington Prime Group, Inc. – WPG.

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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.

It opened the trading session at $2.00, the shares rose to $4.38 and dropped to $1.80, the range by which the price of stock traded the whole day. The daily chart for WPG points out that the company has recorded -64.90% loss over the past six months. However, it is still -100.0% lower than its most recent low trading price.

If we look at the average trading volume of 4.89M shares, WPG reached to a volume of 33038219 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about 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 3.00. 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 0.94, with the Price to Sales ratio for WPG stock in the period of the last 12 months amounting to 0.17. The Price to Book ratio for the last quarter was 0.22, with the Price to Cash per share for the same quarter was set at 2.23.

Trading performance analysis for WPG stock

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 -26.52. With this latest performance, WPG shares gained by 80.75% in over the last four-week period, additionally sinking by -64.90% over the last 6 months – not to mention a drop of -64.57% 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 49.02, with the RSI for the last a single of trading hit 45.06, and the three-weeks RSI is set at 50.14 for Washington Prime Group Inc. [WPG]. The present Moving Average for the last 50 days of trading for this stock 2.67, while it was recorded at 5.00 for the last single week of trading, and 5.86 for the last 200 days.

Washington Prime Group Inc. [WPG]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Washington Prime Group Inc. [WPG] shares currently have an operating margin of -4.26 and a Gross Margin at +12.94. Washington Prime Group Inc.’s Net Margin is presently recorded at -34.04.

Return on Total Capital for WPG is now -0.51, given the latest momentum, and Return on Invested Capital for the company is -4.55. Return on Equity for this stock declined to -25.03, with Return on Assets sitting at -4.00. 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 635.48. Additionally, WPG Total Debt to Total Capital is recorded at 86.40, with Total Debt to Total Assets ending up at 83.57. Long-Term Debt to Equity for the company is recorded at 925.64, with the Long-Term Debt to Total Capital now at 78.63.

Reflecting on the efficiency of the workforce at the company, Washington Prime Group Inc. [WPG] managed to generate an average of -$216,369 per employee. Receivables Turnover for the company is 3.63 with a Total Asset Turnover recorded at a value of 0.12.

Washington Prime Group Inc. [WPG]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Washington Prime Group Inc. posted -3.87/share EPS, while the average EPS was predicted by analysts to be reported at -1.89/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -104.80%. 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.

An analysis of insider ownership at Washington Prime Group Inc. [WPG]

There are presently around $23 million, or 29.90% of WPG stock, in the hands of institutional investors. The top three institutional holders of WPG stocks are: CHARLES SCHWAB INVESTMENT MANAGEMENT INC with ownership of 1,392,179, which is approximately 20.276% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 809,913 shares of the stock with an approximate value of $2.74 million in WPG stocks shares; and VANGUARD GROUP INC, currently with $1.91 million in WPG stock with ownership of nearly -70.227% 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 May and at the time of the May reporting period, where 57 institutional holders increased their position in Washington Prime Group Inc. [NYSE:WPG] by around 2,099,129 shares. Additionally, 51 investors decreased positions by around 2,617,441 shares, while 20 investors held positions by with 2,031,374 shares. The mentioned changes placed institutional holdings at 6,747,944 shares, according to the latest SEC report filing. WPG stock had 21 new institutional investments in for a total of 650,701 shares, while 21 institutional investors sold positions of 1,024,422 shares during the same period.

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