WW International (NASDAQ:WW) Shares Down 6.6% - Here's Why

Key Points

• WW International's share price fell by 6.6% to $31.34, with trading volume down by 68% from its average.
• The company has a market cap of $2.95 billion and a P/E ratio of -5.65, indicating financial challenges.
• Equities analysts like Morgan Stanley and Wall Street Zen have issued 'hold' ratings, reflecting cautious optimism regarding growth prospects.

WW International, Inc. (NASDAQ:WW - Get Free Report)'s share price traded down 6.6% during trading on Tuesday . The company traded as low as $31.83 and last traded at $31.34. 114,667 shares traded hands during trading, a decline of 68% from the average session volume of 362,631 shares. The stock had previously closed at $33.54.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WW shares. Morgan Stanley reiterated an "equal weight" rating on shares of WW International in a research report on Friday, August 1st. Wall Street Zen began coverage on shares of WW International in a report on Friday, May 16th. They issued a "hold" rating on the stock.

WW International Price Performance

The firm has a market cap of $2.95 billion, a P/E ratio of -5.65 and a beta of 1.30. The stock's 50-day simple moving average is $20.40 and its two-hundred day simple moving average is $7.48.

WW International Company Profile

WW International, Inc provides weight management products and services worldwide. It offers a range of nutritional, activity, behavioral, and lifestyle tools and approaches products and services. The company also provides various digital subscription products to wellness and weight management business, which provide interactive and personalized resources that allow users to follow its weight management program through its app and web-based platform; and allows members to inspire and support each other by sharing their experiences with other people on weight health journeys.

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