Weave Communications Inc (NYSE:WEAV) price on Friday, January 17, fall -0.13% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $15.75.
A look at the stock’s price movement, the close in the last trading session was $15.77, moving within a range at $15.54 and $15.927. The beta value (5-Year monthly) was 2.082. Turning to its 52-week performance, $16.56 and $8.10 were the 52-week high and 52-week low respectively. Overall, WEAV moved -1.25% over the past month.
Weave Communications Inc’s market cap currently stands at around $1.15 billion, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 53.23M for the company’s revenue for the quarter, with a low and high estimate of 52.36M and 53.55M respectively. The average forecast suggests up to a 16.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 202.98M, representing a 19.07% 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 50% 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 100% 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 -0.53% and 5.97% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 55.23, while 7-day volatility ratio is 2.50% and 3.35% in the 30-day chart. Further, Weave Communications Inc (WEAV) has a beta value of 1.92, and an average true range (ATR) of 0.52. Analysts have given the company’s stock an average 52-week price target of $17.5, forecast between a low of $17 and high of $18. Looking at the price targets, the low is -7.94% off current price level while to achieve the yearly target high, price needs to move -14.29%. Nonetheless, investors will most likely welcome a -11.11% jump to $17.5 which is the analysts’ median price.
If we refocus on Weave Communications Inc (NYSE:WEAV), historical trading data shows that trading volumes averaged 0.75 over the past 10 days and 1.01 million over the past 3 months. The company’s latest data on shares outstanding shows there are 72.52 million shares.
The 22.09% of Weave Communications Inc’s shares are in the hands of company insiders while institutional holders own 51.86% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.54 million on 2024-12-31, giving us a short ratio of 2.53. The data shows that as of 2024-12-31 short interest in Weave Communications Inc (WEAV) stood at 626.0000000000001 of shares outstanding, with shares short rising to 1.43 million registered in 2024-11-29. Current price change has pushed the stock -1.07% 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.
