Weber Inc. [NYSE: WEBR] gained 16.34% or 1.41 points to close at $10.04 with a heavy trading volume of 11456335 shares. The company report on May 16, 2022 that Weber Inc. Reports Fiscal Second-Quarter 2022 Financial Results.
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Sequential Gross Margin Improvement Reflects Significant Progress Against Inflationary Cost HeadwindsContinued Execution Through Challenging Macroeconomic Environment.
Weber Inc. (“Weber” or “the Company”) (NYSE: WEBR) today announced its financial results for the fiscal second quarter 2022, ending March 31, 2022.
It opened the trading session at $9.90, the shares rose to $12.25 and dropped to $9.17, the range by which the price of stock traded the whole day. The daily chart for WEBR points out that the company has recorded -14.04% loss over the past six months. However, it is still -75.52% lower than its most recent low trading price.
If we look at the average trading volume of 509.71K shares, WEBR reached to a volume of 11456335 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 Weber Inc. [WEBR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WEBR shares is $8.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WEBR 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.
Goldman have made an estimate for Weber Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 24, 2022. While these analysts kept the previous recommendation, Wells Fargo dropped their target price from $14 to $11. The new note on the price target was released on February 15, 2022, representing the official price target for Weber Inc. stock. Previously, the target price had yet another drop from $14 to $12, while Citigroup kept a Neutral rating on WEBR stock. On February 15, 2022, analysts decreased their price target for WEBR shares from 13 to 9.50.
The Average True Range (ATR) for Weber Inc. is set at 0.81, with the Price to Sales ratio for WEBR stock in the period of the last 12 months amounting to 1.43.
Trading performance analysis for WEBR stock
Weber Inc. [WEBR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 32.98. With this latest performance, WEBR shares gained by 39.83% in over the last four-week period, additionally sinking by -14.04% over the last 6 months.
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 WEBR stock in for the last two-week period is set at 74.09, with the RSI for the last a single of trading hit 82.50, and the three-weeks RSI is set at 66.79 for Weber Inc. [WEBR]. The present Moving Average for the last 50 days of trading for this stock 8.19, while it was recorded at 8.35 for the last single week of trading, and 11.78 for the last 200 days.
Weber Inc. [WEBR]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Weber Inc. [WEBR] shares currently have an operating margin of +5.54 and a Gross Margin at +40.10. Weber Inc.’s Net Margin is presently recorded at -0.34.
Weber Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.40.
Weber Inc. [WEBR]: An earnings per share (EPS) analysis
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 WEBR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Weber Inc. go to 9.90%.
An analysis of insider ownership at Weber Inc. [WEBR]
There are presently around $312 million, or 67.80% of WEBR stock, in the hands of institutional investors. The top three institutional holders of WEBR stocks are: BDT CAPITAL PARTNERS, LLC with ownership of 25,557,718, which is approximately 0.035% of the company’s market cap and around 2.50% of the total institutional ownership; BILL & MELINDA GATES FOUNDATION TRUST, holding 2,500,000 shares of the stock with an approximate value of $21.57 million in WEBR stocks shares; and VANGUARD GROUP INC, currently with $15.04 million in WEBR stock with ownership of nearly 9.151% of the company’s market capitalization.
Positions in Weber Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 49 institutional holders increased their position in Weber Inc. [NYSE:WEBR] by around 2,474,344 shares. Additionally, 40 investors decreased positions by around 2,062,295 shares, while 17 investors held positions by with 31,580,910 shares. The mentioned changes placed institutional holdings at 36,117,549 shares, according to the latest SEC report filing. WEBR stock had 17 new institutional investments in for a total of 334,981 shares, while 22 institutional investors sold positions of 1,350,512 shares during the same period.