Weave Communications Inc (NYSE:WEAV) currently has a daily average trading volume of 861.94K but it saw 1395237 shares traded in last market. With a market cap of 732.27M USD, the company’s current market price of $9.74 came rising about 0.52 while comparing to the previous closing price of $9.69. In past 52 weeks, the stock remained buoying in the range of price level as high as $17.63 and as low as $8.18.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Raymond James which upgraded the stock as “Strong Buy” in its note to investors issued on February 26, 2024, recommending a price target of $15 for it. Piper Sandler upgraded its recommendation for the stock as a “Overweight” from “Neutral” on January 02, 2024 while assigning a price target range of $8-$15. Loop Capital also issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $5 and $13.
Over the week, WEAV’s stock price is moving -9.98% down while it is 3.62% when we observe its performance for the past one month. Year-to-date it is -38.82% down and over the past year, the stock is showing an upside performance of 9.44%.
The company is expected to be releasing its next quarterly report in June, for which analysts forecasted an EPS of 0.0 while estimate for next year EPS is 0.04. In next quarter, company is expected to be making quarterly sales of $60.8M as analysts are expecting the sales for current fiscal year at $237.75M and seeing the company making $275.1M in sales next year. Moreover, analysts are in estimates of $57.81M for current-quarter revenue.
Currently, Weave Communications Inc’s total number of outstanding shares is 74.91M with 4.74% of that held by the insiders while 88.95% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -26.49% and return on equity (ROE) at -42.20%. It has a 68.94 of forward P/E ratio. Stock’s beta reads 1.89. Stock has a price to book (P/B) ratio of 10.64 while price to sale or P/S ratio amounts to 3.44. Its return on asset (ROA) is -15.84% on average.
