The stock has a 36-month beta value of 2.09. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for WEAV is 47.89M, and at present, short sellers hold a 0.97% of that float. On September 20, 2024, the average trading volume of WEAV was 351.95K shares.
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WEAV) stock’s latest price update
The stock price of Weave Communications Inc (NYSE: WEAV) has surged by 8.09 when compared to previous closing price of 11.12, but the company has seen a 16.14% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-08-27 that LEHI, Utah–(BUSINESS WIRE)–Weave (NYSE: WEAV), a leading all-in-one experience platform for small and medium-sized healthcare practices, announced Payment Reminders, an enhancement designed to help improve revenue cycle management. This new feature allows practices to continue to collect more outstanding balances, but now with less effort by enabling practices to turn each Weave payment invoice or Text to Pay request into a “set-it-and-forget-it” collection campaign. “We’re very excited to in.
WEAV’s Market Performance
WEAV’s stock has risen by 16.14% in the past week, with a monthly rise of 7.32% and a quarterly rise of 38.16%. The volatility ratio for the week is 4.83% while the volatility levels for the last 30 days are 3.61% for Weave Communications Inc The simple moving average for the last 20 days is 10.83% for WEAV stock, with a simple moving average of 12.40% for the last 200 days.
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 14.96% 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 -12.90% of loss for the given period.
Volatility was left at 3.61%, however, over the last 30 days, the volatility rate increased by 4.83%, as shares surge +9.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +33.85% upper at present.
During the last 5 trading sessions, WEAV rose by +16.14%, which changed the moving average for the period of 200-days by +21.91% in comparison to the 20-day moving average, which settled at $10.90. In addition, Weave Communications Inc saw 4.80% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WEAV starting from Taylor Alan, who sale 13,295 shares at the price of $11.03 back on Sep 17 ’24. After this action, Taylor Alan now owns 475,941 shares of Weave Communications Inc, valued at $146,644 using the latest closing price.
Taylor Alan, the Chief Financial Officer of Weave Communications Inc, sale 36,319 shares at $10.42 during a trade that took place back on Sep 16 ’24, which means that Taylor Alan is holding 489,236 shares at $378,444 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 -41.24, with -15.21 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 -20.04.
Currently, EBITDA for the company is -6.36 million with net debt to EBITDA at -0.47. When we switch over and look at the enterprise to sales, we see a ratio of 4.65. 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 1.48.
Conclusion
To sum up, Weave Communications Inc (WEAV) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
