Washington Prime Group Inc. (NYSE:WPG) price is hovering lower on Monday, September 13, dropping -11.08% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $1.07, with intraday deals fluctuating between $1.06 and $1.15. The company’s 5Y monthly beta was ticking 1.46. Taking into account the 52-week price action we note that the stock hit a 52-week high of $16.55 and 52-week low of $1.06. The stock subtracted -35.15% on its value in the past month.
Washington Prime Group Inc., which has a market valuation of $25.72 million, is expected to release its quarterly earnings report Nov 03, 2021 – Nov 08, 2021. Analysts tracking WPG have forecast the quarterly EPS to shrink by -1.67 per share this quarter, while the same analysts predict the annual EPS to hit -$8.07 for the year 2021 and up to -$7.08 for 2022. In this case, analysts estimate an annual EPS growth of 26.90% for the year and 12.30% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $129.89 million, with the likely lows of $129.89 million and highs of $129.89 million. The average estimate suggests sales growth for the quarter will likely rise by 5.00% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $520.9 million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow -0.70% below that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give WPG a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned WPG a recommendation rating as follows: 1 rate it as a Hold; 0 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Washington Prime Group Inc. (WPG) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that WPG’s price is at present -29.86% off the SMA20 and -41.42% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 32.27, with weekly volatility standing at 10.21%. The indicator jumps to 11.70% when calculated based on the past 30 days. Washington Prime Group Inc. (NYSE:WPG)’s beta value is holding at 1.49, while the average true range (ATR) indicator is currently reading 0.17. Considering analysts have assigned the stock a price target range of $3.00-$3.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $3.00. Based on this estimate, we see that today’s price at last check is roughly -215.79% off the estimated low and -215.79% off the forecast high. Investors will no doubt be excited to see the share price fall to $3.00, which is the median consensus price, and at that level WPG would be -215.79% from recent price.
An analysis of the Washington Prime Group Inc. (NYSE:WPG) stock in terms of its daily trading volume indicates that the 3-month average is 3.42 million.
Current records show that the company has 24.78M in outstanding shares. The insiders’ percentage holdings are 1.34% of outstanding shares while the percentage share held by institutions stands at 15.80%. But the -83.56% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.