In yesterday’s Wall Street session, Weave Communications Inc (NYSE:WEAV) shares traded at $15.80, down -0.75% from the previous session.
WEAV stock price is now 8.17% away from the 50-day moving average and 36.62% away from the 200-day moving average. The market capitalization of the company currently stands at $1.15B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target maintained at $15, Raymond James recently Upgraded its rating from Outperform to Strong Buy for Weave Communications Inc (NYSE: WEAV). On January 02, 2024, Piper Sandler Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $8 to quote $15, while ‘Loop Capital’ rates the stock as ‘Buy’
In other news, Modersitzki Blake G, Director sold 84,764 shares of the company’s stock on Dec 23 ’24. The stock was sold for $1,397,758 at an average price of $16.49. Upon completion of the transaction, the Director now directly owns 201,975 shares in the company, valued at $3.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 23 ’24, 10% Owner PELION VENTURES VI-A LP bought 18,608 shares of the business’s stock. A total of $299,961 was incurred on buying the stock at an average price of $16.12. A total of 22.09% of the company’s stock is owned by insiders.
During the past 12 months, Weave Communications Inc has had a low of $8.10 and a high of $16.56. As of last week, the company has a debt-to-equity ratio of 0.82, a current ratio of 1.45, and a quick ratio of 1.45. The fifty day moving average price for WEAV is $14.5602 and a two-hundred day moving average price translates $11.5442 for the stock.
The latest earnings results from Weave Communications Inc (NYSE: WEAV) was released for 2024-09-30. The net profit margin was -14.64% and return on equity was -38.29% for WEAV. The company reported revenue of $52.39 million for the quarter, compared to $43.54 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.31 percent.
