WW International WW Stock Forecast 2023

WW International WW Stock Forecast 2023: Latest Price

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 for wellness and weight management businesses. It offers products through e-commerce platforms and through partners. The company was formerly known as Weight Watchers International, Inc. and changed its name to WW International, Inc. in September 2019. WW International, Inc. was founded in 1961 and is headquartered in New York, New York.

Performance of WW Stock

  • Last 1 Month: +77.9%,
  • Last 6 Months: -102.2%,
  • Last 12 Months: –32.3%

WW Stock Forecast 2023: Analysts

WW Target Price, 12 Months$8.3
DA Davidson$9
Goldman Sachs$13
Morgan Stanley$3

WW International WW Stock Forecast: Latest News

Investors jumped at a new angle on one of the hottest trades of the year on Tuesday, betting that the new anti-obesity drugs from companies like Eli Lilly LLY +1.38% and Novo Nordisk will become culture-reshaping mega-blockbusters. Shares of WW International, the business formerly known as Weight Watchers, increased by 59%.

The business of WW International has been declining recently. In-person meeting subscriptions are about half as popular as they were prior to the epidemic, and although digital-only subscriptions peaked in 2022, they are currently below 2019 levels.

It was recently announced by WW International, Inc that it had successfully acquired Weekend Health, Inc., d/b/a Sequence, a subscription telehealth platform that gives users access to medical professionals who specialize in chronic weight management. Sequence provides high-touch support in navigating the insurance approval process while integrating patient and physician experiences for drug management and related clinical care.

WW International WW Stock Technical Analysis

  • 52 Week Range: 3.28 – 11.03
  • Volume: 17,598,896
  • Average Vol.(3m): 5,573,208
  • Market Cap: 458.15M
  • EPS: -3.58
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The stock looks to be quite bullish when we look at the technical indicators. When looking at the short-term period graph over a one-day period, it still appears to be in the highly buy zone and points to a substantial breakout potential. The moving averages seem to be in decent form with MA 50 and MA 200 at 4.44 and 4.86, respectively.

The stock’s momentum oscillators are favorable, as shown by the ultimate oscillator’s reading of 73.633 and the relative strength index’s reading of 71.138.

The favorable aspect of the trend is further enhanced by the MACD (12, 26) and ADX (14) readings, which, at 0.270 and 22.782, respectively, indicate a fantastic purchase opportunity. As indicated by the volatility index, the volatility.

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WW Stock Forecast 2023: Macros

Over the projected period (2022-2030), the worldwide weight management market is expected to develop at a 9.7% compound annual growth rate (CAGR). The market for weight control was worth $132.7 billion in 2021. The rise in bariatric surgeries, the quick uptake of online weight loss and management programs, the rise in disposable income levels in developing nations, the expansion of government initiatives to support weight management, and the rise in obesity cases linked to sedentary lifestyles are some of the factors that have contributed to the market’s expansion. According to the Institute of Health Metrics and Evaluation, obese or overweight people make up 30.0% of the population worldwide.

Over the forecast years, cardiovascular equipment is anticipated to expand at the greatest CAGR. Numerous factors, including ongoing endeavors by big corporations and the integration of cardiovascular exercise equipment with new technology, particularly in commercial clubs, health clubs, and gyms, can be credited for this increase.

WW International Stock Forecast: Fundamentals

WW International, Inc. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported revenue was USD 1,040.86 million compared to USD 1,212.46 million a year ago. Net loss was USD 251.4 million compared to net income of USD 66.89 million a year ago. The basic loss per share from continuing operations was USD 3.58 compared to basic earnings per share from continuing operations of USD 0.96 a year ago. The diluted loss per share from continuing operations was USD 3.58 compared to diluted earnings per share from continuing operations of USD 0.95 a year ago.

Weight Watchers International, Inc.’s return on assets (ROA) stands at 0.08 which points towards a below-average return on assets but a decent one when compared to the industry.

Adjusted gross margin of 60.5% for the entire year was down about 70 basis points from the previous year, mostly owing to the mix of subscription income, with unfavorable foreign exchange accounting for 30 basis points of that loss. The $245 million in marketing costs was a 6% decrease from the prior year due to decreased non-working, TV advertising, and foreign exchange gains in our international markets. Compared to the preceding year, adjusted G&A of $231 million was down $33 million, or 12%, as a result of cost reductions from our restructuring initiatives, general spending restraint, and a gain from foreign currency. In line with our expectations and down $63 million from the previous year, the adjusted operating income for the entire 2022 fiscal year was $153 million.

WW is estimated to announce earnings between May 04, 2023, and May 05, 2023 (the company has not announced a date yet and the estimate is based on historical earnings dates).

WW Stock Forecast 2023: Analysts’ Price Target

  1. DA Davidson: $9
  2. Goldman Sachs: $13
  3. CNN: The analysts offering 12-month price forecasts for WW International Inc have a median target of 7.00, with a high estimate of 13.00 and a low estimate of 3.00. The median estimate represents a +7.86% increase from the last price of 6.49.
  4. NASDAQ: Based on analysts offering 12-month price targets for WW in the last 3 months. The average price target is $8 with a high estimate of $13 and a low estimate of $3.

Author: Pratyush Mengi

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions. 

WW International WW Stock Forecast 2023