Currently, Weave Communications Inc [WEAV] is trading at $9.69, up 7.43%. An important factor to consider is whether the stock is rising or falling in short-term value. The WEAV shares have gain 7.91% over the last week, with a monthly amount glided 11.12%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Weave Communications Inc [NYSE: WEAV] stock has seen the most recent analyst activity on February 26, 2024, when Raymond James upgraded its rating to a Strong Buy but kept the price target unchanged to $15 for it. Previously, Piper Sandler upgraded its rating to Overweight on January 02, 2024, and elevated its price target to $15. On June 26, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $13 on the stock. Raymond James upgraded its rating to a Outperform but stick to its price target of $6 on May 04, 2023. Loop Capital downgraded its rating to a Hold and reduced its price target to $5 on August 04, 2022. Raymond James downgraded its rating to Mkt Perform for this stock on March 03, 2022. In a note dated March 03, 2022, Piper Sandler downgraded an Neutral rating on this stock but restated the target price of $9.
This stock has fluctuated between a low of $6.67 and a high of $13.80 over the last 52 weeks. Weave Communications Inc [NYSE: WEAV] shares were valued at $9.69 at the most recent close of the market.
Analyzing the WEAV fundamentals
Trailing Twelve Months sales for Weave Communications Inc [NYSE:WEAV] were 178.08M which represents 19.23% growth. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at -0.19%, Pretax Profit Margin comes in at -0.17%, and Net Profit Margin reading is -0.17%. To continue investigating profitability, this company’s Return on Assets is posted at -0.16, Equity is -0.39 and Total Capital is -0.28. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.8.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 9.23 points at the first support level, and at 8.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.97, and for the 2nd resistance point, it is at 10.26.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Weave Communications Inc [NYSE:WEAV] is 1.59. On the other hand, the Quick Ratio is 1.59, and the Cash Ratio is 0.45. Considering the valuation of this stock, the price to sales ratio is 3.87, the price to book ratio is 9.37.
Transactions by insiders
Recent insider trading involved Taylor Alan, Chief Financial Officer, that happened on Jan 24 ’24 when 15000.0 shares were sold. Chief Revenue Officer, Hyde Matthew C. completed a deal on Nov 01 ’23 to sell 6983.0 shares. Meanwhile, Chief Revenue Officer Hyde Matthew C. sold 6983.0 shares on Oct 02 ’23.
