WW International Inc (WW) Outlook: Looking Back For Insights

WW International Inc (NASDAQ:WW) price on Friday, October 25, rose 1.92% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.06.

A look at the stock’s price movement, the close in the last trading session was $1.04, moving within a range at $1.03 and $1.14. The beta value (5-Year monthly) was 1.731. Turning to its 52-week performance, $9.77 and $0.67 were the 52-week high and 52-week low respectively. Overall, WW moved 24.46% over the past month.

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WW International Inc’s market cap currently stands at around $84.51 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-06.

Turning to the stock’s technical picture we see that short term indicators suggest on average that WW is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

3 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 WW as a Buy and 0 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.

WW’s current price about -11.54% and 7.22% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.47, while 7-day volatility ratio is 11.55% and 16.65% in the 30-day chart. Further, WW International Inc (WW) has a beta value of 1.73, and an average true range (ATR) of 0.17. Analysts have given the company’s stock an average 52-week price target of $3.625, forecast between a low of $1.25 and high of $6. Looking at the price targets, the low is -17.92% off current price level while to achieve the yearly target high, price needs to move -466.04%. Nonetheless, investors will most likely welcome a -241.98% jump to $3.625 which is the analysts’ median price.

If we refocus on WW International Inc (NASDAQ:WW), historical trading data shows that trading volumes averaged 9.12 over the past 10 days and 8.11 million over the past 3 months. The company’s latest data on shares outstanding shows there are 79.19 million shares.

The 1.58% of WW International Inc’s shares are in the hands of company insiders while institutional holders own 41.37% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 13.11 million on 2024-09-30, giving us a short ratio of 8.06. The data shows that as of 2024-09-30 short interest in WW International Inc (WW) stood at 1653.0000999999997 of shares outstanding, with shares short falling to 13.47 million registered in 2024-08-30. Current price change has pushed the stock -87.89% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the WW stock continues to rise going into the next quarter.

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