WW International (NASDAQ:WW) Shares Pass Above 200-Day Moving Average - Here's Why

Key Points

• WW International's stock has surpassed its 200-day moving average of $8.26, currently trading at $31.74 following a daily peak of $32.94.
• The company has a market capitalization of $2.87 billion with a price-to-earnings ratio of -5.48 and a beta of 1.30, indicating volatility.
• Analysts have issued mixed ratings, with Morgan Stanley retaining an "equal weight" rating while others suggest holding the stock, reflecting cautious outlooks on its future performance.

WW International, Inc. (NASDAQ:WW - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.26 and traded as high as $32.94. WW International shares last traded at $31.74, with a volume of 160,011 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on WW shares. Wall Street Zen started coverage on WW International in a research note on Friday, May 16th. They issued a "hold" rating on the stock. Morgan Stanley reaffirmed an "equal weight" rating on shares of WW International in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average target price of $0.75.

WW International Stock Performance

The firm has a 50 day simple moving average of $25.55 and a 200 day simple moving average of $9.12. The firm has a market cap of $2.80 billion, a P/E ratio of -5.36 and a beta of 1.30.

About WW International

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.