WeWork Inc. [WE] moved down -2.73: Why It’s Important


WeWork Inc. [NYSE: WE] traded at a low on 08/01/22, posting a -2.73 loss after which it closed the day’ session at $4.64. The company report on July 19, 2022 that WeWork Debuts WeWork Workplace; Software to Help Companies and Employees Navigate a New World of Work.

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WeWork (NYSE: WE), a leading global flexible space provider, today announced the official debut of WeWork Workplace, a new space management solution built in partnership with Yardi, the leading provider of real estate software. WeWork Workplace provides companies with a universal platform that enables inventory management across office spaces, enhanced employee experiences and space optimization through insights and analytics.

The proliferation of remote and hybrid work models – vastly accelerated as a result of the pandemic – has created new opportunities for both employers and employees to fundamentally rethink the office and how we engage with it. WeWork Workplace marries space, asset and people management capabilities, removing guesswork from designing a strategic work model by providing actionable data to inform decision making in real time. As a result, the software aims to help employers reduce real estate costs, while empowering employees to more purposefully engage with the spaces they choose and create more meaningful physical connections.

The results of the trading session contributed to over 5704737 shares changing hands. Over the past one week, the price volatility of WeWork Inc. stands at 6.69% while the volatility over the past one month is 6.87%.

The market cap for WE stock reached $3.53 billion, with 759.68 million shares outstanding and 644.50 million shares in the current float. Compared to the average trading volume of 6.45M shares, WE reached a trading volume of 5704737 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]?

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 0.36, with the Price to Sales ratio for WE stock in the period of the last 12 months amounting to 1.29.

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 -7.57. With this latest performance, WE shares dropped by -7.57% in over the last four-week period, additionally sinking by -34.28% over the last 6 months – not to mention a drop of -56.10% 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 38.59, with the RSI for the last a single of trading hit 34.74, and the three-weeks RSI is set at 40.87 for WeWork Inc. [WE]. The present Moving Average for the last 50 days of trading for this stock 5.80, while it was recorded at 4.82 for the last single week of trading, and 7.29 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 0.50 and a Current Ratio set at 0.50.

Insider trade positions for WeWork Inc. [WE]

There are presently around $2,641 million, or 83.70% 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 $376.2 million in WE stocks shares; and FMR LLC, currently with $311.48 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 49,314,080 shares. Additionally, 36 investors decreased positions by around 19,987,835 shares, while 21 investors held positions by with 499,783,919 shares. The mentioned changes placed institutional holdings at 569,085,834 shares, according to the latest SEC report filing. WE stock had 38 new institutional investments in for a total of 8,438,352 shares, while 20 institutional investors sold positions of 11,151,364 shares during the same period.