Stocks of Wejo Group Limited (NASDAQ:WEJO) traded higher last session on Wall Street, down -1.46% to $0.59.
According to the data, Wejo Group Limited (NASDAQ:WEJO) has 2 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $4.00 and a low of $1.50, we find $2.75. Given the previous closing price of $0.60, this indicates a potential upside of 358.33 percent. WEJO stock price is now -20.31% away from the 50-day moving average and -58.76% away from the 200-day moving average. The market capitalization of the company currently stands at $63.60M.
A total of 1 analysts have issued a hold rating and 1 have given it a buy rating. Brokers who have rated the stock have averaged $2.75 as their price target over the next twelve months.
With the price target of $10, Wedbush recently initiated with Outperform rating for Wejo Group Limited (NASDAQ: WEJO).
A total of 18.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WEJO stock. A new stake in Wejo Group Limited shares was purchased by ATHOS CAPITAL LTD during the first quarter worth $15,000. NUVEEN ASSET MANAGEMENT, LLC invested $11,000 in shares of WEJO during the first quarter. In the first quarter, LEGAL & GENERAL GROUP PLC acquired a new stake in Wejo Group Limited valued at approximately $2,000. In total, there are 69 active investors with 36.90% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $0.6000 for Wejo Group Limited (NASDAQ: WEJO). During the past 12 months, Wejo Group Limited has had a low of $0.38 and a high of $5.37. The fifty day moving average price for WEJO is $0.7375 and a two-hundred day moving average price translates $1.4250 for the stock.
The latest earnings results from Wejo Group Limited (NASDAQ: WEJO) was released for Jun, 2022. According to the Software – Infrastructure Company, earnings per share came in at -$0.58, missing analysts’ expectations of -$0.32 by -0.26. This compares to -$0.56 EPS in the same period last year. The company reported revenue of $2.57 million for the quarter, compared to $0.35 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 632.19 percent. For the current quarter, analysts expect WEJO to generate $2.85M in revenue.
Wejo Group Limited(WEJO) Company Profile
Wejo Group Limited provides software and technology solutions to various market verticals. It offers Wejo Neural Edge, a cloud software and analytics platform that makes accessing and sharing volumes of connected vehicle data. The company provides Wejo Marketplace Data Solutions, which includes its data visualization platform; and Wejo Software and Cloud Solutions. It serves customers in public and private organizations, including automotive original equipment manufacturers, first tier automotive suppliers, fleet management companies, departments of transportation, retailers, mapping companies, universities, advertising and construction firms, and research departments. The company was founded in 2014 and is headquartered in Manchester, the United Kingdom.