Time to Buy Beat-Down Washington Prime Group Inc. (WPG) Stock? Here is the INSIGHT – Invest Chronicle

Time to Buy Beat-Down Washington Prime Group Inc. (WPG) Stock? Here is the INSIGHT

At the end of the latest market close, Washington Prime Group Inc. (WPG) was valued at $1.07. In that particular session, Stock kicked-off at the price of $1.12 while reaching the peak value of $1.15 and lowest value recorded on the day was $1.06. The stock current value is $0.92.Recently in News on September 7, 2021, Washington Prime Group Announces Intention to Voluntarily Delist Common and Preferred Stock from the NYSE. Washington Prime Group Inc. (NYSE: WPG) today announced its intention to voluntarily delist from the New York Stock Exchange (the “NYSE”) its shares of common stock (the “Common Stock”), 7.5% Series H Cumulative Redeemable Preferred Stock (the “Series H Preferred Stock”), and 6.875% Series I Cumulative Redeemable Preferred Stock (the “Series I Preferred Stock,” and together with the Series H Preferred Stock, the “Preferred Stock”). The Common Stock is currently listed on the NYSE under the symbol “WPG” with a CUSIP number of 93964W 405; the Series H Preferred Stock is currently listed on the NYSE under the symbol “WPG-H” with a CUSIP number of 93964W 207; and the Series I Preferred Stock is currently listed on the NYSE under the symbol “WPG-I” with a CUSIP number of 93964W 306. You can read further details here

Washington Prime Group Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $16.5499 on 01/27/21, with the lowest value was $0.9007 for the same time period, recorded on 09/14/21.


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Washington Prime Group Inc. (WPG) full year performance was -80.37%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Washington Prime Group Inc. shares are logging -94.43% during the 52-week period from high price, and -13.02% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.06 and $16.55.

The company’s shares, operating in the sector of Real Estate managed to top a trading volume set approximately around 2675946 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Washington Prime Group Inc. (WPG) recorded performance in the market was -83.56%, having the revenues showcasing -68.34% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 25.72M, as it employees total of 773 workers.

Washington Prime Group Inc. (WPG) in the eye of market guru’s

During the last month, 0 analysts gave the Washington Prime Group Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 2.1604, with a change in the price was noted -1.13. In a similar fashion, Washington Prime Group Inc. posted a movement of -55.18% for the period of last 100 days, recording 4,862,915 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for WPG is recording 13.98 at the time of this writing. In addition, long term Debt to Equity ratio is set at 13.98.

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Washington Prime Group Inc. (WPG): Stocks Technical analysis and Trends

Raw Stochastic average of Washington Prime Group Inc. in the period of last 50 days is set at 1.28%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 1.53%. In the last 20 days, the company’s Stochastic %K was 1.58% and its Stochastic %D was recorded 1.39%.

If we look into the earlier routines of Washington Prime Group Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -83.56%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -66.03%, alongside a downfall of -80.37% for the period of the last 12 months. The shares increased approximately by -28.19% in the 7-day charts and went up by -35.15% in the period of the last 30 days. Common stock shares were lifted by -68.34% during last recorded quarter.

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