Market Analysts see WeWork Inc. [WE] gaining to $9. Time to buy?

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WeWork Inc. [NYSE: WE] slipped around -0.41 points on Monday, while shares priced at $6.60 at the close of the session, down -5.85%. The company report on April 19, 2022 that WeWork Announces Date of First Quarter 2022 Results Conference Call.

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WeWork Inc. (NYSE: WE) (“WeWork”) will hold its quarterly conference call to discuss its first quarter 2022 financial results on Thursday, May 12 at 9:00 a.m. Eastern Time.

A live webcast of the conference call and earnings release materials will be available on WeWork’s Investor Relations website at investors.wework.com. A replay of the conference call will be available at the same website after the call.

WeWork Inc. stock is now -23.26% down from its year-to-date (YTD) trading value. WE Stock saw the intraday high of $7.01 and lowest of $6.37 per share. The company’s 52-week high price is 14.97, which means current price is +46.67% above from all time high which was touched on 01/13/22.

Compared to the average trading volume of 4.05M shares, WE reached a trading volume of 6893834 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about WeWork Inc. [WE]?

Mizuho have made an estimate for WeWork Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 22, 2022. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Overweight. The new note on the price target was released on April 19, 2022, representing the official price target for WeWork Inc. stock.

The Average True Range (ATR) for WeWork Inc. is set at 0.51, with the Price to Sales ratio for WE stock in the period of the last 12 months amounting to 1.91.

How has WE stock performed recently?

WeWork Inc. [WE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.90. With this latest performance, WE shares dropped by -3.23% in over the last four-week period, additionally sinking by -35.36% over the last 6 months – not to mention a drop of -45.54% 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 WE stock in for the last two-week period is set at 49.71, with the RSI for the last a single of trading hit 48.06, and the three-weeks RSI is set at 49.72 for WeWork Inc. [WE]. The present Moving Average for the last 50 days of trading for this stock 6.30, while it was recorded at 6.86 for the last single week of trading, and 8.58 for the last 200 days.

WeWork Inc. [WE]: Deeper insight into the fundamentals

WeWork Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.70.

Insider trade positions for WeWork Inc. [WE]

There are presently around $3,543 million, or 79.50% of WE stock, in the hands of institutional investors. The top three institutional holders of WE stocks are: SB GLOBAL ADVISERS LTD with ownership of 320,298,461, which is approximately New of the company’s market cap and around 1.30% of the total institutional ownership; SB INVESTMENT ADVISERS (UK) LTD, holding 81,077,918 shares of the stock with an approximate value of $535.11 million in WE stocks shares; and FMR LLC, currently with $349.91 million in WE stock with ownership of nearly 631.776% of the company’s market capitalization.

77 institutional holders increased their position in WeWork Inc. [NYSE:WE] by around 509,411,408 shares. Additionally, 42 investors decreased positions by around 11,851,713 shares, while 5 investors held positions by with 15,514,013 shares. The mentioned changes placed institutional holdings at 536,777,134 shares, according to the latest SEC report filing. WE stock had 60 new institutional investments in for a total of 446,075,554 shares, while 29 institutional investors sold positions of 9,581,411 shares during the same period.