WW International Inc (NASDAQ: WW) Stock Forecast 2024: Profitable With Bullish Signals

In today’s recent session, 1.62 million shares of the WW International Inc (NASDAQ:WW) have been traded, and its beta is 1.73. Most recently the company’s share price was $1.12, and it changed around $0.06 or 5.62% from the last close, which brings the market valuation of the company to $89.27M. WW at last check was trading at a discount to its 52-week high of $9.77, offering almost -772.32% off that amount. The share price’s 52-week low was $0.67, which indicates that the recent value has risen by an impressive 40.18% since then. We note from WW International Inc’s average daily trading volume that its 10-day average is 6.45 million shares, with the 3-month average coming to 8.14 million.

WW International Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.50. If we narrow it down even further, the data shows that 1 out of 6 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 4 recommended WW as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. WW International Inc is expected to report earnings per share of 0.06 for the current quarter.

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WW International Inc (NASDAQ:WW) trade information

Instantly WW has been showing a green trend so far today with a performance of 5.62% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.3800 on recent trading dayincreased the stock’s daily price by 18.84%. The company’s shares are currently down -87.20% year-to-date, but still down -13.21% over the last five days. On the other hand, WW International Inc (NASDAQ:WW) is 34.29% up in the 30-day period. We can see from the shorts that 15.79 million shares have been sold at a short interest cover period of 0.94 day(s).

The consensus price target as assigned by Wall Street analysts is $3.62, which translates to bulls needing to increase their stock price by 69.06% from its current value. Analyst projections state that WW is forecast to be at a low of $1.25 and a high of $6.

WW International Inc (WW) estimates and forecasts

WW International Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -39.81 percent over the past six months and at a 0.00% annual growth rate that is well below the industry average of 12.10%. The year-over-year growth rate is expected to be -12.80%, down from the previous year.

Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 193.44M in revenue for the current quarter. 2 analysts expect WW International Inc to make 178.42M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 214.87M and 205.96M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -10.00%. Forecasts for the next quarter put sales growth at -13.40%.

WW International Inc earnings are expected to increase by -0.02% in 2024, but the outlook is positive 15.00% per year for the next five years.

WW Dividends

WW International Inc’s next quarterly earnings report is expected to be released on 2024-Nov-06. The average dividend yield for the past five years averaged 1.66 per year.

WW International Inc (NASDAQ:WW)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 1.54% of WW International Inc shares, and 41.53% of them are in the hands of institutional investors. The stock currently has a share float of 42.18%. WW International Inc stock is held by 159.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 5.1346% of the shares, which is about 4.07 million shares worth $4.76 million.

MORGAN STANLEY, with 4.6567% or 3.69 million shares worth $4.32 million as of 2024-06-30, holds the second largest percentage of outstanding shares.