In yesterday’s Wall Street session, WeWork Inc (NYSE:WE) shares traded at $1.11, down -9.02% from the previous session.
2 analysts cover WeWork Inc (NYSE:WE), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $2.50 and a low of $2.50, we find $2.50. Given the previous closing price of $1.22, this indicates a potential upside of 104.92 percent. WE stock price is now -65.18% away from the 50-day moving average and -94.57% away from the 200-day moving average. The market capitalization of the company currently stands at $59.12M.
The stock has received a hold rating from 2 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $2.50 as their price target over the next twelve months.
In other news, Wehner Kurt, Chief Financial Officer sold 1,391 shares of the company’s stock on Sep 15. The stock was sold for $5,912 at an average price of $4.25. Upon completion of the transaction, the Chief Financial Officer now directly owns 5,436 shares in the company, valued at $6033.96. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 16, 10% Owner DUNLEVIE BRUCE sold 4,329,355 shares of the business’s stock. A total of $687,069 was realized by selling the stock at an average price of $0.16. This leaves the insider owning 9,735,654 shares of the company worth $10.81 million. Insiders disposed of 15,512,513 shares of company stock worth roughly $17.22 million over the past 1 year. A total of 76.92% of the company’s stock is owned by insiders.
On Thursday morning WeWork Inc (NYSE: WE) stock kicked off with the opening price of $1.2300. During the past 12 months, WeWork Inc has had a low of $1.05 and a high of $130.80. The fifty day moving average price for WE is $3.1126 and a two-hundred day moving average price translates $20.1453 for the stock.
The latest earnings results from WeWork Inc (NYSE: WE) was released for Jun, 2023. According to the Real Estate Services Company, earnings per share came in at -$8.4, missing analysts’ expectations of -$4.93 by -3.47. This compares to -$33.35 EPS in the same period last year. The company reported revenue of $844.0 million for the quarter, compared to $815.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.56 percent. For the current quarter, analysts expect WE to generate $833.04M in revenue.
WeWork Inc(WE) Company Profile
WeWork Inc. provides flexible workspace solutions to individuals and organizations worldwide. The company offers workstation, private office, and customized floor solutions; and various amenities and services, such as private phone booths, internet, high-speed business printers and copiers, mail and package handling, front desk services, off-peak building access, common areas, and daily enhanced cleaning solutions. It also provides various value-add services; business and technical service solutions, including professional employer organization and payroll services, remote workforce solutions, human resources benefits, dedicated bandwidth, and IT equipment co-location solutions. In addition, the company offers WeWork All Access, a monthly subscription-based model that allows members to book workspaces, conference rooms, and private offices; WeWork On Demand, which enables users with pay-as-you-go access to book individual workspace or conference rooms at nearby WeWork locations; and WeWork Workplace, a turnkey workspace management solution for landlords, operators, and enterprises. WeWork Inc. was founded in 2010 and is headquartered in New York, New York.
