A better buy-in window may exist right now for Waitr Holdings Inc. (WTRH)

Waitr Holdings Inc. (NASDAQ: WTRH) stock jumped 1.95% on Friday to $0.35 against a previous-day closing price of $0.34. With 4.2 million shares changed hands, the volume of the stock remained lighter than its average volume of 10.02 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $0.3590 whereas the lowest price it dropped to was $0.3305. The 52-week range on WTRH shows that it touched its highest point at $2.28 and its lowest point at $0.14 during that stretch. It currently has a 1-year price target of $2.00. Beta for the stock currently stands at 0.00.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WTRH was up-trending over the past week, with a rise of 5.72%, but this was up by 130.60% over a month. Three-month performance surged to 32.07% while six-month performance fell -38.55%. The stock lost -78.52% in the past year, while it has lost -53.26% so far this year. A look at the trailing 12-month EPS for WTRH yields -0.52 with Next year EPS estimates of -0.13. For the next quarter, that number is -0.07. This implies an EPS growth rate of -129.60% for this year and 43.50% for next year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 46.80%.

Float and Shares Shorts:

At present, 153.63 million WTRH shares are outstanding with a float of 123.03 million shares on hand for trading. On Jul 14, 2022, short shares totaled 18.07 million, which was 11.41% higher than short shares on Jun 14, 2022. In addition to Mr. Carl A. Grimstad as the firm’s CEO & Chairman, Mr. Thomas C. Pritchard serves as its Gen. Counsel.

Institutional Ownership:

Through their ownership of 12.42% of WTRH’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 9.18% of WTRH, in contrast to 3.71% held by mutual funds. Shares owned by individuals account for 12.77%. As the largest shareholder in WTRH with 2.63% of the stake, The Vanguard Group, Inc. holds 4,163,874 shares worth 4,163,874. A second-largest stockholder of WTRH, Jefferies Financial Group Inc., holds 3,895,000 shares, controlling over 2.46% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in WTRH, holding 1,905,049 shares or 1.20% stake. With a 1.66% stake in WTRH, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 2,622,672 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.89% of WTRH stock, is the second-largest Mutual Fund holder. It holds 1,410,517 shares valued at 0.22 million. Fidelity Extended Market Index Fu holds 0.34% of the stake in WTRH, owning 537,068 shares worth 82171.0.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2022, WTRH reported revenue of $35.04M and operating income of -$7.41M. Over the past year, revenue came in at $166.30M while operating income stood at -$84.64M. It generated -$77.22M net income for the quarter, which came to -$78.73M over the last twelve months. The EBITDA in the recently reported quarter was -$5.26M and diluted EPS was -$0.50. EBITDA for the full year was $8.26M.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WTRH since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With WTRH analysts setting a high price target of $2.00 and a low target of $2.00, the average target price over the next 12 months is $2.00. Based on these targets, WTRH could surge 471.43% to reach the target high and rise by 471.43% to reach the target low. Reaching the average price target will result in a growth of 471.43% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. WTRH will report FY 2022 earnings on 03/09/2023. Analysts have provided yearly estimates in a range of -$0.20 being high and -$0.20 being low. For WTRH, this leads to a yearly average estimate of -$0.20. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Waitr Holdings Inc. surprised analysts by -$0.43 when it reported -$0.50 EPS against a consensus estimate of -$0.07. The surprise factor in the prior quarter was -$0.03. Based on analyst estimates, the high estimate for the next quarter is -$0.07 and the low estimate is -$0.07. The average estimate for the next quarter is thus -$0.07.



Summary of Insider Activity:

Insiders traded WTRH stock several times over the past three months with 10 Buys and 13 Sells. In these transactions, 3,183,697 shares were bought while 1,273,229 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 27 over the past year. The total number of shares bought during that period was 3,259,437 while 6,841,813 shares were sold.

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