WeWork Inc. [WE] fell -36.74% so far this year. What now?



WeWork Inc. [NYSE: WE] gained 9.46% on the last trading session, reaching $5.44 price per share at the time. The company report on June 27, 2022 that WeWork Announces Appointment of Daniel Hurwitz to its Board of Directors.

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WeWork Inc. (NYSE: WE), a leading global flexible space provider, today announced that Daniel Hurwitz, co-founder & CEO of Raider Hill Advisors, has joined WeWork’s Board of Directors, effective June 23, 2022. He succeeds Jeffrey Sine, co-founder and partner of The Raine Group, who served on WeWork’s Board since October 2019.

With more than three decades of experience transforming public and private businesses in the retail real estate industry, Hurwitz will bring exceptional insight to WeWork’s Board of Directors. Before co-founding Raider Hill Advisors, Hurwitz spent 16 years at SITE Centers (NYSE: SITC) – formerly known as DDR Corp. – serving in various executive roles, including Chief Executive Officer from 2010-2015. Hurwitz also served as interim CEO of Brixmor Property Group (NYSE: BRX) from February 2016 through May 2016.

WeWork Inc. represents 759.68 million in outstanding shares, while the company has a total market value of $3.99 billion with the latest information. WE stock price has been found in the range of $5.045 to $5.44.

If compared to the average trading volume of 6.44M shares, WE reached a trading volume of 2899700 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 $9.13 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.

UBS have made an estimate for WeWork Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 29, 2022. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Outperform. The new note on the price target was released on June 23, 2022, representing the official price target for WeWork Inc. stock. Previously, the target price had yet another raise to $9, while Mizuho analysts kept a Buy rating on WE stock.

The Average True Range (ATR) for WeWork Inc. is set at 0.53, with the Price to Sales ratio for WE stock in the period of the last 12 months amounting to 1.46.

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 6.67. With this latest performance, WE shares dropped by -21.27% in over the last four-week period, additionally sinking by -41.00% over the last 6 months – not to mention a drop of -51.99% 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 45.66, with the RSI for the last a single of trading hit 47.44, and the three-weeks RSI is set at 45.61 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 5.12 for the last single week of trading, and 7.71 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 $3,092 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 $441.06 million in WE stocks shares; and FMR LLC, currently with $365.18 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.