How to Buy Wework Stock
Wework Inc
Bowx Acquisition Corp. intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses.
Wework stock last closed at $2.95, down 1.99% from the previous day, and has decreased 97.21% in one year. It has underperformed other stocks in the Real Estate Services industry by 0.8 percentage points. Wework stock is currently +13.03% from its 52-week low of $2.61, and -97.74% from its 52-week high of $130.80.
As of Oct 2, 2023, there are 53.26M WE shares outstanding. The market value of WE is $157.10M. In the last 24 hours, 804,270 WE shares were traded.
How to Buy Wework Stock
Wondering how to invest in Wework stock? Here's how.
- Decide where to buy Wework stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you choose where to buy Wework stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Pick your payment method and add your details.
- Evaluate Wework stock: The Wework ticker symbol is WE. Is Wework stock a good investment? Should you buy shares of WE? How do WE's underlying business fundamentals look? Do top analysts think Wework is a good buy? Why has WE's stock price moved recently? (Hint: Our stock research tools can help you understand if WE is a good stock to buy).
- Place your WE purchase: Decide if you will purchase WE shares at the current market price or use a limit order to buy WE shares at a given price.
- Get key alerts regarding your WE position: Create a watchlist to watch your new investment in Wework stock.
Step 1: Decide where to buy Wework stock
You need an online brokerage account to access the NYSE market and buy WE shares.
Our favorite brokerage: eToro
Based on our research, eToro is the best stock brokerage. eToro gives you:
- You can invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
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- Social investing: eToro has a community with more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your stock purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the right brokerage, it's time to fill out some personal details so you can invest in WE today.
How to Start a New Brokerage Account on eToro
- Click here to get started.
- Provide your personal data to open your new trading account.
- Submit your info by hitting the "Create Account" button.
Step 3: Deposit money your brokerage account
Now that you have created your account on the best investment app, you can securely and quickly fund your account:
Check out the tutorial below if you need help transferring money into your brokerage account.
Step 4: Evaluate Wework stock
Once you have figured out the best place to buy Wework stock, it's important to analyze their stock before you buy, so you actually understand the risk as well as the opportunity.
Wework quick stats
WE Zen Score
WallStreetZen was created to help average investors perform better fundamental analysis in less time.
You can see all of the due diligence checks on WE's stock page.
How is WE stock valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge WE's fair value.
You can do additional valuation analysis on WE's stock here.
A look at WE Cashflows and Balance Sheet
Failed Financial Due Diligence Checks:
- There are more short-term liabilities than short-term assets on the WE balance sheet.
- WE has cash burn of 1007000000. It does not have enough cash and short-term investments to cover this.
- WE debt to equity ratio of -5.02 is negative.
- Total WE debt is still negative.
- WE profit margin has gone up by 0.37 percentage points in the past year, but the company is still unprofitable.
- There are more long-term liabilities than short-term assets on the WE balance sheet.
- WE has $205.00M in cash and short term investments. This is not sufficient to cover its annual cash burn of $1.01B.
Is it a good time to buy Wework stock, according to analysts?
Out of 2 Equities analysts who give ratings on WE, the consensus analyst rating on Wework is a Buy
It's important to note that analyst ratings are not stock recommendations, nor are they investment advice.
Most Recent WE Analyst Upgrades/Downgrades
Brett Knoblauch, a bottom 3% analyst from Cantor Fitzgerald reiterates WE with a strong buy rating and maintains their WE price target from $40.00 to $40.00, on May 17, 2023.
Vikram Malhorta, a bottom 7% analyst from Mizuho downgrades WE to a hold rating and lowers their WE price target from $70.00 to $12.00, on May 17, 2023.
Downgrading the stock from Strong Buy to Hold, Malhorta lowered his price target on WeWork Inc. by 82.9%.
He views the new CEO's appointment* as disruptive, "especially given current macro headwinds," the analyst told investors.
With ramping corporate layoffs and bankruptcies over the past two months, those macro headwinds have only gotten worse for WeWork, Malhorta added.
The analyst now believes that his "base case business assumptions," particularly his occupancy expectations, are unrealistic.
Declining occupancy will mean a bigger cash burn by WeWork and ultimately necessitate outside funding, Malhorta predicted.
Referencing the magnitude of his price target reduction, Malhorta colorfully acknowledged, with the title of his note, "WE...Got It Wrong."
* From here: On 2023/05/16, WeWork announced that Sandeep Mathrani would step down as CEO effective 2023/05/26. "Tasked with leading the company's turnaround following a botched IPO attempt and amid rising investor concerns over corporate governance standards," Mathrani did just that as "WeWork went public in 2021 under his leadership, navigated the COVID-19 pandemic, cut costs, boosted revenue across business segments, and restructured and strengthened the balance sheet."
You can dive deeper into what analysts are forecasting on the Wework stock forecast page.
WE Technicals
WE Earnings
Last year, WE revenue was $3.36B. In the past 2 year, WE's revenue has increased by 12.18% per year. This was slower than the Real Estate Services industry average of 25.47%.
Find out more about WE's earnings and revenue performance here.
Are WE executives and large shareholders buying or selling the stock?
In the last 12 months, insiders at WE have sold more shares than they have bought.
Kurt Wehner, Chief Financial Officer of WE, was the latest WE insider to sell. They sold $5,911.75 worth of WE shares on Sep 15, 2023.
Learn more about who owns WE stock here.
Does WE stock generate passive income?
No, Wework doesn't provide an income stream by paying out dividends.
What others are saying about WE
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Place your WE purchase
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given price, use a limit order.
Click the Open button and eToro will execute the order.
If you require more assistance buying stocks on eToro, watch the how to video below:
Step 6: Get key alerts regarding your WE position
Now that you own some WE shares, you'll want to stay up-to-date on your company.
Make a watchlist to keep tabs on your WE stock.
WE Feed
How to Buy Stock in Wework
To summarize, here are the 6 steps you need to take to buy Wework stock right now:
- Decide where to buy Wework stock
- Open a brokerage account
- Deposit money your brokerage account
- Evaluate Wework stock
- Place your WE purchase
- Get key alerts regarding your WE position
If you need a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep track of your investment in Wework, hit the button below to create your watchlist.
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