Weave Communications Inc (NYSE: WEAV)’s stock price has decreased by -2.90 compared to its previous closing price of 14.16. However, the company has seen a -1.65% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-11-12 that Does Weave Communications, Inc. (WEAV) have what it takes to be a top stock pick for momentum investors? Let’s find out.
Is It Worth Investing in Weave Communications Inc (NYSE: WEAV) Right Now?
WEAV has 36-month beta value of 2.04. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for WEAV is 48.74M, and currently, short sellers hold a 1.94% ratio of that float. The average trading volume of WEAV on November 14, 2024 was 711.74K shares.
WEAV’s Market Performance
WEAV stock saw an increase of -1.65% in the past week, with a monthly gain of 3.31% and a quarterly increase of 26.96%. The volatility ratio for the week is 3.95%, and the volatility levels for the last 30 days are 4.14% for Weave Communications Inc (WEAV). The simple moving average for the last 20 days is 1.26% for WEAV stock, with a simple moving average of 24.14% 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 8.88% 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 -5.17% of loss for the given period.
Volatility was left at 4.14%, however, over the last 30 days, the volatility rate increased by 3.95%, as shares surge +2.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.57% upper at present.
During the last 5 trading sessions, WEAV fell by -1.65%, which changed the moving average for the period of 200-days by +4.48% in comparison to the 20-day moving average, which settled at $13.58. In addition, Weave Communications Inc saw 19.88% 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 PELION VENTURES VI LP, who proposed sale 35,344 shares at the price of $14.20 back on Nov 13 ’24. After this action, PELION VENTURES VI LP now owns shares of Weave Communications Inc, valued at $501,906 using the latest closing price.
PELION VENTURES VI-A LP, the Director of Weave Communications Inc, proposed sale 2,416 shares at $14.20 during a trade that took place back on Nov 13 ’24, which means that PELION VENTURES VI-A LP is holding shares at $34,309 based on the most recent closing price.
Stock Fundamentals for WEAV
Current profitability levels for the company are sitting at:
- -0.16 for the present operating margin
- 0.71 for the gross margin
The net margin for Weave Communications Inc stands at -0.15. The total capital return value is set at -0.28. Equity return is now at value -38.29, with -14.24 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 0.2. The debt to equity ratio resting at 0.82. The interest coverage ratio of the stock is -20.52.
Currently, EBITDA for the company is -13.02 million with net debt to EBITDA at -0.43. When we switch over and look at the enterprise to sales, we see a ratio of 5.14. The receivables turnover for the company is 23.41for trailing twelve months and the total asset turnover is 1.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.45.
Conclusion
To put it simply, Weave Communications Inc (WEAV) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
