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WeWork Inc. (NYSE: WE) – Analysts See Things Differently Today

In the last trading session, 4.1 million WeWork Inc. (NYSE:WE) shares changed hands as the company’s beta touched 1.96. With the company’s per share price at $4.31 changed hands at -$0.23 or -5.07% during last session, the market valuation stood at $229.53M. WE’s last price was a discount, traded about -3732.95% off its 52-week high of $165.20. The share price had its 52-week low at $2.61, which suggests the last value was 39.44% up since then. When we look at WeWork Inc.’s average trading volume, we note the 10-day average is 14.81 million shares, with the 3-month average coming to 3.40 million.

Analysts gave the WeWork Inc. (WE) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended WE as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. WeWork Inc.’s EPS for the current quarter is expected to be -$4.32.

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WeWork Inc. (NYSE:WE) trade information

Instantly WE was in red as seen at the end of in last trading. With action 62.64%, the performance over the past five days has been green. The drop to weekly highs of 6.72 on Friday, 09/15/23 subtracted -5.07% to the stock’s daily price. The company’s shares are showing year-to-date downside of -92.47%, with the 5-day performance at 62.64% in the green. However, in the 30-day time frame, WeWork Inc. (NYSE:WE) is -28.21% down. Looking at the short shares, we see there were 2.28 million shares sold at short interest cover period of 0.95 days.

The consensus price target for the stock as assigned by Wall Street analysts is $8.00, meaning bulls need an upside of 46.13% from its current market value. According to analyst projections, WE’s forecast low is $8.00 with $8.00 as the target high. To hit the forecast high, the stock’s price needs a -85.61% plunge from its current level, while the stock would need to soar -85.61% for it to hit the projected low.

WeWork Inc. (WE) estimates and forecasts

Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for WeWork Inc. will rise 85.60%, while the growth in revenue is estimated to hit 84.70% for the next quarter. Year-over-year growth is forecast to reach 4.00% up from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $830 million. 1 analysts are of the opinion that WeWork Inc.’s revenue for the quarter ending Dec 2023 will be $852.1 million. The company’s revenue for the corresponding quarters a year ago was $864.95 million and $848 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -4.00%. The estimates for the next quarter sales put growth at 0.50%.

The 2023 estimates are for WeWork Inc. earnings to increase by 56.90%.

WE Dividends

WeWork Inc. is expected to release its next quarterly earnings report in October.

WeWork Inc. (NYSE:WE)’s Major holders

SB Global Advisers Ltd holds the second largest percentage of outstanding shares, with 0.38% or 8.11 million shares worth $463.82 million as of Dec 30, 2022.

Among Mutual Funds, the top two as of Apr 29, 2023 were Vanguard Specialized-Real Estate Index Fund and American High-Income Trust. With 0.19 million shares estimated at $3.28 million under it, the former controlled 0.01% of total outstanding shares. On the other hand, American High-Income Trust held about 0.01% of the shares, roughly 0.27 million shares worth around $2.72 million.

On Key

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