Can WW International Inc (WW) stock recover despite sales dropping?

The price of WW International Inc (NASDAQ:WW) shares last traded on Wall Street fell -17.28% to $0.89.

WW stock price is now -34.50% away from the 50-day moving average and -78.09% away from the 200-day moving average. The market capitalization of the company currently stands at $70.16M.

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With the price target reduced from $6.50 to $1.25, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for WW International Inc (NASDAQ: WW). On January 03, 2024, Barclays recently initiated its ‘Underweight’ rating on the stock quoting a target price of $8, while ‘Guggenheim’ rates the stock as ‘Buy’

In other news, COLOSI MICHAEL F, General Counsel and Secretary sold 25,900 shares of the company’s stock on Dec 01 ’23. The stock was sold for $182,245 at an average price of $7.04. Upon completion of the transaction, the General Counsel and Secretary now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 30 ’23, General Counsel and Secretary COLOSI MICHAEL F sold 20,000 shares of the business’s stock. A total of $144,314 was realized by selling the stock at an average price of $7.22. This leaves the insider owning 25,900 shares of the company worth $23051.0. A total of 1.38% of the company’s stock is owned by insiders.

During the past 12 months, WW International Inc has had a low of $1.02 and a high of $13.31. The fifty day moving average price for WW is $1.3334 and a two-hundred day moving average price translates $3.98995 for the stock.

The latest earnings results from WW International Inc (NASDAQ: WW) was released for 2024-03-30. The company reported revenue of $206.55 million for the quarter, compared to $241.9 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -14.61 percent.

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