WeWork Inc. [WE] is -67.56% lower this YTD. Is it still time to buy?

WeWork Inc. [NYSE: WE] jumped around 0.12 points on Wednesday, while shares priced at $2.79 at the close of the session, up 4.49%. The company report on November 10, 2022 that CORRECTING and REPLACING WeWork Reports Third Quarter 2022 Results.

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Revenue Increases 24% Year-over-YearExtends Debt Maturity.

Due to a transcription error, in the “CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS” table, figure in the 2022 column of row “Operating lease right-of-use assets” should read 882 (instead of 82).

WeWork Inc. stock is now -67.56% down from its year-to-date (YTD) trading value. WE Stock saw the intraday high of $2.88 and lowest of $2.645 per share. The company’s 52-week high price is 9.83, which means current price is +43.81% above from all time high which was touched on 01/13/22.

Compared to the average trading volume of 5.49M shares, WE reached a trading volume of 12455624 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 $7.25 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.

BTIG Research have made an estimate for WeWork Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 04, 2022. While these analysts kept the previous recommendation, Cantor Fitzgerald raised their target price to Overweight. The new note on the price target was released on October 24, 2022, representing the official price target for WeWork Inc. stock. Previously, the target price had yet another raise to $6.50, while UBS analysts kept a Neutral rating on WE stock.

The Average True Range (ATR) for WeWork Inc. is set at 0.25, with the Price to Sales ratio for WE stock in the period of the last 12 months amounting to 0.67.

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 -5.10. With this latest performance, WE shares gained by 4.10% in over the last four-week period, additionally sinking by -58.91% over the last 6 months – not to mention a drop of -69.24% 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 50.94, with the RSI for the last a single of trading hit 52.11, and the three-weeks RSI is set at 48.77 for WeWork Inc. [WE]. The present Moving Average for the last 50 days of trading for this stock 2.75, while it was recorded at 2.75 for the last single week of trading, and 5.05 for the last 200 days.

WeWork Inc. [WE]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and WeWork Inc. [WE] shares currently have an operating margin of -86.94 and a Gross Margin at -47.62. WeWork Inc.’s Net Margin is presently recorded at -188.51.

WeWork Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.40.

Insider trade positions for WeWork Inc. [WE]

There are presently around $1,658 million, or 87.10% 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 0% of the company’s market cap and around 1.10% of the total institutional ownership; SB INVESTMENT ADVISERS (UK) LTD, holding 81,077,918 shares of the stock with an approximate value of $226.21 million in WE stocks shares; and FMR LLC, currently with $199.61 million in WE stock with ownership of nearly -14.323% of the company’s market capitalization.

Positions in WeWork Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 78 institutional holders increased their position in WeWork Inc. [NYSE:WE] by around 11,571,042 shares. Additionally, 51 investors decreased positions by around 28,549,303 shares, while 29 investors held positions by with 554,008,413 shares. The mentioned changes placed institutional holdings at 594,128,758 shares, according to the latest SEC report filing. WE stock had 33 new institutional investments in for a total of 6,845,842 shares, while 23 institutional investors sold positions of 5,434,313 shares during the same period.


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