WEWORK is working its way UP to series of PRICE GROWTH soon!
WEWORK is registering significant volume increase this past few days / weeks with net buy volume surging 100% from 30M to 70M. The sudden spike is conveying that buyers are definitely back in the zone -- positioning on the company's upside reversal play in terms of technical and fundamental aspect.
KEYNOTES:
Unusual Histogram gap jump hinting of buyer's buying spree.
First bubble up volume appearance in 4 months, last one was in February 2023.
Weekly descending trendline break.
Risk Reward ratio on this is significant.
Be guided that the company's current fundamentals is still muted. Factor it in your trades.
TAYOR.
Safeguard capital always.
FUNDAMENTAL / FINANCIAL NEWS:
By Commercial Observer
WeWork Reports 11 Percent Revenue Spike in First Quarter, Improving Net Losses
WeWork saw strong(er) earnings in the first quarter of 2023, but it’s still seeing $299 million in net losses.
The coworking giant saw an 11 percent increase in revenue year-over-year, according to an earnings report released Tuesday, amounting to about $849 million with net losses down and fundraising efforts yielding about $1 billion.
-------------------------------
Financials
Quarterly financials
MAR 2023
(USD) Mar 2023 Y/Y
Revenue 849M 10.98%
Net income -264M 39.31%
Diluted EPS -0.34 40.35%
Net profit margin -31.1% 45.3%
Operating income -185M 53.4%
Net change in cash 7M 101.73%
Cash on hand - -
Cost of revenue 150M 1.32%
KEYNOTES:
Unusual Histogram gap jump hinting of buyer's buying spree.
First bubble up volume appearance in 4 months, last one was in February 2023.
Weekly descending trendline break.
Risk Reward ratio on this is significant.
Be guided that the company's current fundamentals is still muted. Factor it in your trades.
TAYOR.
Safeguard capital always.
FUNDAMENTAL / FINANCIAL NEWS:
By Commercial Observer
WeWork Reports 11 Percent Revenue Spike in First Quarter, Improving Net Losses
WeWork saw strong(er) earnings in the first quarter of 2023, but it’s still seeing $299 million in net losses.
The coworking giant saw an 11 percent increase in revenue year-over-year, according to an earnings report released Tuesday, amounting to about $849 million with net losses down and fundraising efforts yielding about $1 billion.
-------------------------------
Financials
Quarterly financials
MAR 2023
(USD) Mar 2023 Y/Y
Revenue 849M 10.98%
Net income -264M 39.31%
Diluted EPS -0.34 40.35%
Net profit margin -31.1% 45.3%
Operating income -185M 53.4%
Net change in cash 7M 101.73%
Cash on hand - -
Cost of revenue 150M 1.32%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.