The price of Wejo Group Limited (NASDAQ:WEJO) shares last traded on Wall Street fell -12.84% to $0.34.
Based on available information, 2 analysts follow Wejo Group Limited (NASDAQ:WEJO). 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 $0.39, this indicates a potential upside of 605.13 percent. WEJO stock price is now -48.17% away from the 50-day moving average and -67.81% away from the 200-day moving average. The market capitalization of the company currently stands at $35.16M.
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Among analysts, 1 rate the stock a hold while 1 rate it a buy. 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 LMR PARTNERS LLP during the first quarter worth $909,000. CORBIN CAPITAL PARTNERS, L.P. invested $173,000 in shares of WEJO during the first quarter. In the first quarter, ATALAYA CAPITAL MANAGEMENT LP acquired a new stake in Wejo Group Limited valued at approximately $95,000. Y-INTERCEPT (HONG KONG) LTD acquired a new stake in WEJO for approximately $15,000. NORTHWEST WEALTH MANAGEMENT, LLC purchased a new stake in WEJO valued at around $10,000 in the second quarter. In total, there are 69 active investors with 36.90% ownership of the company’s stock.
A candlestick chart of Wejo Group Limited (NASDAQ: WEJO) showed a price of $0.3994 on Wednesday morning. During the past 12 months, Wejo Group Limited has had a low of $0.37 and a high of $4.70. The fifty day moving average price for WEJO is $0.6533 and a two-hundred day moving average price translates $1.0489 for the stock.
The latest earnings results from Wejo Group Limited (NASDAQ: WEJO) was released for Sep, 2022. According to the Software – Infrastructure Company, earnings per share came in at -$0.3, missing analysts’ expectations of -$0.28 by -0.02. 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 $4.1M 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.
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