For WeWork Inc. [WE], Analyst sees a rise to $9. What next?

Related

WeWork Inc. [NYSE: WE] plunged by -$0.25 during the normal trading session on Tuesday and reaching a high of $7.555 during the day while it closed the day at $7.29. The company report on May 26, 2022 that WeWork Names Andre J. Fernandez As Chief Financial Officer.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored


WeWork Inc. (NYSE: WE) (“WeWork” or the “Company”), a leading global flexible space provider, announced today the appointment of Andre J. Fernandez as Chief Financial Officer effective June 10, 2022.

Fernandez joins WeWork with more than thirty years of experience in financial and executive leadership roles. Most recently, Fernandez served as Executive Vice President & Chief Financial Officer of NCR Corporation, an $8 billion global leader in enterprise software, services and hardware for the banking, retail and hospitality industries. Prior to NCR Corporation, he held executive positions as President & Chief Executive Officer of CBS Radio; President & Chief Operating Officer of Journal Communications and prior to that, CFO at Journal Communications; and a variety of global financial leadership roles at the General Electric Company.

WeWork Inc. stock has also gained 8.48% of its value over the past 7 days. However, WE stock has inclined by 16.45% in the 3 months of the year. Over the past six months meanwhile, it has lost -20.33% and lost -15.23% year-on date.

The market cap for WE stock reached $4.91 billion, with 759.68 million shares outstanding and 644.54 million shares in the current float. Compared to the average trading volume of 5.00M shares, WE reached a trading volume of 17970218 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about WeWork Inc. [WE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WE shares is $9.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WE stock is a recommendation set at 2.00. 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.

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 0.67, with the Price to Sales ratio for WE stock in the period of the last 12 months amounting to 1.79.

WE stock trade performance evaluation

WeWork Inc. [WE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.48. With this latest performance, WE shares gained by 3.99% in over the last four-week period, additionally sinking by -20.33% over the last 6 months – not to mention a drop of -40.25% 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 56.46, with the RSI for the last a single of trading hit 58.91, and the three-weeks RSI is set at 54.83 for WeWork Inc. [WE]. The present Moving Average for the last 50 days of trading for this stock 6.64, while it was recorded at 7.01 for the last single week of trading, and 8.21 for the last 200 days.

WeWork Inc. [WE]: An insightful look at the core fundamentals

WeWork Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.50.

WeWork Inc. [WE]: Insider Ownership positions

There are presently around $4,286 million, or 83.90% 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 324,348,048, which is approximately 1.264% 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 $611.33 million in WE stocks shares; and FMR LLC, currently with $506.15 million in WE stock with ownership of nearly 26.619% of the company’s market capitalization.

77 institutional holders increased their position in WeWork Inc. [NYSE:WE] by around 53,358,929 shares. Additionally, 38 investors decreased positions by around 21,620,757 shares, while 16 investors held positions by with 493,461,566 shares. The mentioned changes placed institutional holdings at 568,441,252 shares, according to the latest SEC report filing. WE stock had 38 new institutional investments in for a total of 9,684,424 shares, while 23 institutional investors sold positions of 12,784,311 shares during the same period.

[class^="wpforms-"]
[class^="wpforms-"]