Weave Communications Inc (NYSE:WEAV) price on current trading day, rose 3.75% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $13.00.
A look at the stock’s price movement, the close in the last trading session was $12.53, moving within a range at $12.54 and $13.02. The beta value (5-Year monthly) was 2.105. Turning to its 52-week performance, $13.80 and $6.67 were the 52-week high and 52-week low respectively. Overall, WEAV moved 21.16% over the past month.
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Weave Communications Inc’s market cap currently stands at around $933.53 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Jul-31.
Analysts have a consensus estimate of 51.38M for the company’s revenue for the quarter, with a low and high estimate of 51.05M and 51.7M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 201.95M, representing a 18.50% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that WEAV is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 2 recommend WEAV as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
WEAV’s current price about 12.73% and 17.73% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 69.42, while 7-day volatility ratio is 3.70% and 4.10% in the 30-day chart. Further, Weave Communications Inc (WEAV) has a beta value of 2.11, and an average true range (ATR) of 0.45.
If we refocus on Weave Communications Inc (NYSE:WEAV), historical trading data shows that trading volumes averaged 0.73 over the past 10 days and 416.81K over the past 3 months. The company’s latest data on shares outstanding shows there are 70.12 million shares.
The 33.11% of Weave Communications Inc’s shares are in the hands of company insiders while institutional holders own 50.85% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.43 million on 2024-09-13, giving us a short ratio of 1.19. The data shows that as of 2024-09-13 short interest in Weave Communications Inc (WEAV) stood at 108.0 of shares outstanding, with shares short falling to 0.63 million registered in 2024-08-15. Current price change has pushed the stock 13.34% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the WEAV stock continues to rise going into the next quarter.
