WeWork Inc. (NYSE:WE – Get Rating)’s share price gapped up prior to trading on Friday . The stock had previously closed at $0.98, but opened at $1.02. WeWork shares last traded at $1.01, with a volume of 1,219,799 shares changing hands.
WeWork Price Performance
The company has a market cap of $713.21 million, a PE ratio of -0.37 and a beta of 1.65. The company has a fifty day moving average price of $1.47 and a 200 day moving average price of $2.21.
WeWork (NYSE:WE – Get Rating) last issued its earnings results on Thursday, February 16th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.19). The business had revenue of $848.00 million during the quarter, compared to analyst estimates of $847.34 million. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. As a group, sell-side analysts predict that WeWork Inc. will post -1.37 EPS for the current fiscal year.
Institutional Trading of WeWork
WeWork Inc provides flexible workspace solutions to individuals and organizations worldwide. The company offers workstation, private office, and customized floor solutions; and various amenities and services, such as private phone booths, internet, high-speed business printers and copiers, mail and package handling, front desk services, off-peak building access, common areas, and daily enhanced cleaning solutions.
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