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WeWork Inc. (NYSE:WE) Shares Are Up 30.47% From The Lows, But Can They Stay Up?

In last trading session, WeWork Inc. (NYSE:WE) saw 12.46 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $2.79 trading at $0.12 or 4.49% at ring of the bell on the day assigns it a market valuation of $2.08B. That closing price of WE’s stock is at a discount of -252.33% from its 52-week high price of $9.83 and is indicating a premium of 30.47% from its 52-week low price of $1.94. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.17 million shares which gives us an average trading volume of 5.49 million if we extend that period to 3-months.

For WeWork Inc. (WE), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 6 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.45 in the current quarter.

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WeWork Inc. (NYSE:WE) trade information

Upright in the green during last session for gaining 4.49%, in the last five days WE remained trading in the red while hitting it’s week-highest on Thursday, 11/17/22 when the stock touched $2.79 price level, adding 3.46% to its value on the day. WeWork Inc.’s shares saw a change of -67.56% in year-to-date performance and have moved -5.10% in past 5-day. WeWork Inc. (NYSE:WE) showed a performance of 4.10% in past 30-days. Number of shares sold short was 58.14 million shares which calculate 9.78 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $7.25 to the stock, which implies a rise of 61.52% to its current value. Analysts have been projecting $3.00 as a low price target for the stock while placing it at a high target of $11.00. It follows that stock’s current price would drop -294.27% in reaching the projected high whereas dropping to the targeted low would mean a loss of -7.53% for stock’s current value.

WeWork Inc. (WE) estimates and forecasts

Statistics highlight that WeWork Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -58.91% of value to its shares in past 6 months, showing an annual growth rate of 86.51% while that of industry is 14.10. Apart from that, the company came raising its revenue forecast for fiscal year 2022.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $871.98 million for the same. And 3 analysts are in estimates of company making revenue of $937.89 million in the next quarter that will end on Dec 2022.

WE Dividends

WeWork Inc. is more likely to be releasing its next quarterly report on November 10 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

WeWork Inc. (NYSE:WE)’s Major holders

Insiders are in possession of 8.60% of company’s total shares while institution are holding 89.11 percent of that, with stock having share float percentage of 97.50%. Investors also watch the number of corporate investors in a company very closely, which is 89.11% institutions for WeWork Inc. that are currently holding shares of the company. SB Global Advisers Ltd is the top institutional holder at WE for having 324.35 million shares of worth $1.63 billion. And as of Jun 29, 2022, it was holding 45.72% of the company’s outstanding shares.

The second largest institutional holder is FMR, LLC, which was holding about 83.51 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 11.77% of outstanding shares, having a total worth of $419.2 million.

On the other hand, Fidelity Blue Chip Growth Fund and Cohen & Steers Real Estate Securities Fund are the top two Mutual Funds which own company’s shares. As of Aug 30, 2022, the former fund manager was holding 11.72 million shares of worth $48.06 million or 1.65% of the total outstanding shares. The later fund manager was in possession of 10.42 million shares on Jun 29, 2022, making its stake of worth around $52.3 million in the company or a holder of 1.47% of company’s stock.

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