WeWork joins the cohort for IPO debuts this year
Over nine years, corporate landlord WeWork has earned a reputation as the go-to shared office start-up with about 401,000 memberships spread out across 425 locations, and now the company has finally filed its IPO to head to the stock market. The IPO will be valued at $47 billion and will be one of the most anticipated public offerings this year.
With trendy décor and tap beer and coffee, the start-up has gone upended the traditional office lease business model. But WeWork's vision comes at a steep cost, as the company more doubled its losses to $1.9 billion last year, even though revenue doubled to $1.8 billion.
To add to the worry, the biggest investor of WeWork, the Japanese technology conglomerate SoftBank with $2 billion put into the business, has opted not to buy a controlling stake in its business.
To advance its services, the company has also bought Meetup, the service for bringing together aficionados of common interests like learning Dutch or knitting, in 2017. It also opened a private school in Manhattan and invested in a wave-pool company.
However, much like other members in the IPO cohort like Lyft (LYFT) and Uber, analysts worry that companies who prioritize ambition than breaking even, runs the risk of suffering when economy worsens. This applies to WeWork as well, whose long shot vision has won the company billions of dollars in funding from deep-pocketed investors, like SoftBank. The main issue would probably be the company getting trapped in long term leases with a drop in number of subscribers.
LYFT's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for LYFT turned positive on May 30, 2023. Looking at past instances where LYFT's MACD turned positive, the stock continued to rise in of 31 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where LYFT's RSI Indicator exited the oversold zone, of 33 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 45 cases where LYFT's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 26, 2023. You may want to consider a long position or call options on LYFT as a result. In of 68 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where LYFT advanced for three days, in of 235 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 156 cases where LYFT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
LYFT moved below its 50-day moving average on May 05, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for LYFT crossed bearishly below the 50-day moving average on May 11, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where LYFT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
LYFT broke above its upper Bollinger Band on May 30, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (8.842) is normal, around the industry mean (31.306). P/E Ratio (0.000) is within average values for comparable stocks, (168.128). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.122). Dividend Yield (0.000) settles around the average of (0.040) among similar stocks. P/S Ratio (0.765) is also within normal values, averaging (70.523).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. LYFT’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. LYFT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of online social rideshare community platform
Industry PackagedSoftware
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| CSHI | 50.11 | 0.03 | +0.06% |
| NEOS Enhanced Income CA Alt ETF | |||
| NULC | 34.22 | -0.06 | -0.18% |
| Nuveen ESG Large-Cap ETF | |||
| RMMZ | 14.94 | -0.05 | -0.33% |
| RiverNorth Managed Duration Municipal Income Fund II | |||
| DFSV | 23.87 | -0.09 | -0.38% |
| Dimensional US Small Cap Value ETF | |||
| DBJP | 57.50 | -0.69 | -1.18% |
| Xtrackers MSCI Japan Hedged Equity ETF | |||
LYFT and
Correlation & Price change
A.I.dvisor indicates that over the last year, LYFT has been loosely correlated with UBER. These tickers have moved in lockstep 61% of the time. This A.I.-generated data suggests there is some statistical probability that if LYFT jumps, then UBER could also see price increases.
| Ticker / NAME | Correlation To LYFT | 1D Price Change % | ||
|---|---|---|---|---|
| LYFT | 100% | +6.56% | ||
| UBER - LYFT | 61% Loosely correlated | -2.31% | ||
| U - LYFT | 53% Loosely correlated | +3.87% | ||
| ASAN - LYFT | 52% Loosely correlated | +4.14% | ||
| SQ - LYFT | 52% Loosely correlated | -0.27% | ||
| DOCU - LYFT | 52% Loosely correlated | +1.76% | ||
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