The stock of Weave Communications Inc (WEAV) has gone up by 7.91% for the week, with a 20.94% rise in the past month and a 0.80% rise in the past quarter. The volatility ratio for the week is 4.31%, and the volatility levels for the past 30 days are 3.90% for WEAV. The simple moving average for the past 20 days is 14.02% for WEAV’s stock, with a 7.66% simple moving average for the past 200 days.
Is It Worth Investing in Weave Communications Inc (NYSE: WEAV) Right Now?
Additionally, the 36-month beta value for WEAV is 2.08. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 3 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for WEAV is 44.44M and currently, short sellers hold a 2.29% ratio of that float. The average trading volume of WEAV on August 01, 2024 was 403.44K shares.
WEAV) stock’s latest price update
Weave Communications Inc (NYSE: WEAV)’s stock price has soared by 10.18 in relation to previous closing price of 10.00. Nevertheless, the company has seen a gain of 7.91% in its stock price over the last five trading days. seekingalpha.com reported 2024-07-31 that Weave Communications, Inc. (NYSE:WEAV ) Q2 2024 Earnings Conference Call July 31, 2024 4:30 PM ET Company Participants Mark McReynolds – Head, Investor Relations Brett White – Chief Executive Officer Alan Taylor – Chief Financial Officer Conference Call Participants Parker Lane – Stifel Alex Sklar – Raymond James Brent Bracelin – Piper Sandler Mark Schappel – Loop Capital Markets Henry Dane – Goldman Sachs Operator Greetings and welcome to the Weave Second Quarter 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode.
Analysts’ Opinion of WEAV
Many brokerage firms have already submitted their reports for WEAV stocks, with Raymond James repeating the rating for WEAV by listing it as a “Strong Buy.” The predicted price for WEAV in the upcoming period, according to Raymond James is $15 based on the research report published on February 26, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see WEAV reach a price target of $15, previously predicting the price at $8. The rating they have provided for WEAV stocks is “Overweight” according to the report published on January 02nd, 2024.
Loop Capital gave a rating of “Buy” to WEAV, setting the target price at $13 in the report published on June 26th of the previous year.
WEAV Trading at 20.35% from the 50-Day Moving Average
After a stumble in the market that brought WEAV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.16% of loss for the given period.
Volatility was left at 3.90%, however, over the last 30 days, the volatility rate increased by 4.31%, as shares surge +24.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.40% upper at present.
During the last 5 trading sessions, WEAV rose by +10.19%, which changed the moving average for the period of 200-days by +62.57% in comparison to the 20-day moving average, which settled at $9.77. In addition, Weave Communications Inc saw -3.94% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WEAV starting from Taylor Alan, who sale 15,000 shares at the price of $12.00 back on Jan 24 ’24. After this action, Taylor Alan now owns 480,813 shares of Weave Communications Inc, valued at $180,000 using the latest closing price.
Hyde Matthew C., the Chief Revenue Officer of Weave Communications Inc, sale 6,983 shares at $7.03 during a trade that took place back on Nov 01 ’23, which means that Hyde Matthew C. is holding 558,682 shares at $49,090 based on the most recent closing price.
Stock Fundamentals for WEAV
Current profitability levels for the company are sitting at:
- -0.18 for the present operating margin
- 0.7 for the gross margin
The net margin for Weave Communications Inc stands at -0.16. The total capital return value is set at -0.29. Equity return is now at value -39.64, with -15.33 for asset returns.
Based on Weave Communications Inc (WEAV), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 0.83. The interest coverage ratio of the stock is -38.42.
Currently, EBITDA for the company is -6.36 million with net debt to EBITDA at -0.36. When we switch over and look at the enterprise to sales, we see a ratio of 4.22. The receivables turnover for the company is 33.83for trailing twelve months and the total asset turnover is 0.98. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.59.
Conclusion
In conclusion, Weave Communications Inc (WEAV) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
