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Saturday, June 3, 2023

It’s Not Over Yet For Weave Communications Inc. (NYSE: WEAV)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Weave Communications Inc. (WEAV) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.03, or 0.51%, to $5.90. The Weave Communications Inc. has recorded 657 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Weave Communications Announces First Quarter 2023 Financial Results.

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Stocks Info

Weave Communications Inc. is listed on the NYSE as a member of the Technology sector and is a part of the Software – Application industry. At the end of the last regular session, the stock closed at $5.87 and fluctuated between $5.93 as its day high and $5.49 as its day low. The current market capitalization of Weave Communications Inc. is $394.58M. A total of 0.76 million shares were traded on the day, compared to an average of 242.64K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, WEAV has seen 1 BUY and 5 SELL insider trades, representing the acquisition of 783 and the disposition of 44,902 shares. Over the last 12 months, there were 10 BUYs and 19 SELLs from insiders. Insiders purchased 1,594,844 shares during that period but sold 1,071,144.

In the most recent transaction, Hyde Matthew C. sold 5,353 shares of WEAV for 5.30 per share on May 05. After the transaction, the Chief Revenue Officer now owns 601,873 company shares. In a previous transaction on May 05, Goodsell Erin sold 2,500 shares at 5.31 per share. WEAV shares that Chief Legal Officer & Corp.Sec owns now total 745,104.

Among the insiders who bought shares, Taylor Alan acquired of 783 shares on Feb 15 at a per-share price of $4.62. This resulted in the Chief Financial Officer holding 370,691 shares of WEAV after the transaction. In another insider transaction, Taylor Alan sold 556 shares at $5.43 per share on Feb 13. Company shares held by the Chief Financial Officer now total 285,637.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for WEAV in the last 3 months, the mean price target is $6.07 with high estimates of $7.50 and low estimates of $5.00. In terms of 52-week highs and lows, WEAV has a high of $6.93 and a low of $2.91.

As of this writing, WEAV has an earnings estimate of -$0.08 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.06 per share and a lower estimate of -$0.14. The company reported an EPS of -$0.06 in the last quarter, which was 45.50% higher than expectations of -$0.11.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. WEAV’s latest balance sheet shows that the firm has $136.00M in Cash & Short Term Investments as of fiscal 2021. There were $25.04M in debt and $54.31M in liabilities at the time. Its Book Value Per Share was $1.27, while its Total Shareholder’s Equity was $112.30M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WEAV is Buy with a score of 4.17.

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