why Washington Prime Group Inc. [WPG] is a Good Choice for Investors After New Price Target of $3.00

Washington Prime Group Inc. [NYSE: WPG] slipped around -0.05 points on Wednesday, while shares priced at $2.27 at the close of the session, down -2.16%. The company report on June 24, 2021 that Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Provention Bio, Washington Prime, Virgin Galactic, and RLX and Encourages Investors to Contact the Firm.

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Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of Provention Bio, Inc. (NASDAQ: PRVB), Washington Prime Group, Inc. (NYSE: WPG), Virgin Galactic, Inc. (NASDAQ: SPCE), and RLX Technology, Inc. (NYSE: RLX). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.

Provention Bio, Inc. (NASDAQ: PRVB).

Washington Prime Group Inc. stock is now -65.13% down from its year-to-date (YTD) trading value. WPG Stock saw the intraday high of $2.4994 and lowest of $2.26 per share. The company’s 52-week high price is 16.55, which means current price is +34.32% above from all time high which was touched on 01/27/21.

Compared to the average trading volume of 5.62M shares, WPG reached a trading volume of 1761338 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 0.70, with the Price to Sales ratio for WPG stock in the period of the last 12 months amounting to 0.11. The Price to Book ratio for the last quarter was 0.15, with the Price to Cash per share for the same quarter was set at 2.35.

How has WPG stock performed recently?

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 -14.98. With this latest performance, WPG shares gained by 23.37% in over the last four-week period, additionally sinking by -72.28% over the last 6 months – not to mention a drop of -73.41% 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 41.65, with the RSI for the last a single of trading hit 36.24, and the three-weeks RSI is set at 44.01 for Washington Prime Group Inc. [WPG]. The present Moving Average for the last 50 days of trading for this stock 2.70, while it was recorded at 2.41 for the last single week of trading, and 5.74 for the last 200 days.

Washington Prime Group Inc. [WPG]: Deeper insight into the 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 -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.

Earnings analysis for Washington Prime Group Inc. [WPG]

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.

Insider trade positions for Washington Prime Group Inc. [WPG]

There are presently around $15 million, or 29.80% 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 $1.84 million in WPG stocks shares; and VANGUARD GROUP INC, currently with $1.28 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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