Mizuho slashes price target on WeWork Inc. [WE] – find out why.

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WeWork Inc. [NYSE: WE] gained 2.43% or 0.13 points to close at $5.48 with a heavy trading volume of 10242894 shares. The company report on May 26, 2022 that WeWork Names Andre J. Fernandez As Chief Financial Officer.


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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.

It opened the trading session at $5.38, the shares rose to $5.755 and dropped to $5.22, the range by which the price of stock traded the whole day. The daily chart for WE points out that the company has recorded -31.59% loss over the past six months. However, it is still -21.78% lower than its most recent low trading price.

If we look at the average trading volume of 5.70M shares, WE reached to a volume of 10242894 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 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 0.66, with the Price to Sales ratio for WE stock in the period of the last 12 months amounting to 1.42.

Trading performance analysis for WE stock

WeWork Inc. [WE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.87. With this latest performance, WE shares dropped by -21.15% in over the last four-week period, additionally sinking by -31.59% over the last 6 months – not to mention a drop of -52.92% 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 41.05, with the RSI for the last a single of trading hit 38.45, and the three-weeks RSI is set at 43.07 for WeWork Inc. [WE]. The present Moving Average for the last 50 days of trading for this stock 6.52, while it was recorded at 5.33 for the last single week of trading, and 7.95 for the last 200 days.

WeWork Inc. [WE]: A deeper dive into fundamental analysis

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

An analysis of insider ownership at WeWork Inc. [WE]

There are presently around $3,041 million, or 83.60% 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 1.40% of the total institutional ownership; SB INVESTMENT ADVISERS (UK) LTD, holding 81,077,918 shares of the stock with an approximate value of $433.77 million in WE stocks shares; and FMR LLC, currently with $359.14 million in WE stock with ownership of nearly 26.619% of the company’s market capitalization.

75 institutional holders increased their position in WeWork Inc. [NYSE:WE] by around 53,318,327 shares. Additionally, 39 investors decreased positions by around 21,944,225 shares, while 17 investors held positions by with 493,163,403 shares. The mentioned changes placed institutional holdings at 568,425,955 shares, according to the latest SEC report filing. WE stock had 36 new institutional investments in for a total of 9,643,822 shares, while 24 institutional investors sold positions of 13,107,779 shares during the same period.

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