Waterdrop Inc. (NYSE: WDH) stock fell -6.71% on Monday to $3.06 against a previous-day closing price of $3.28. With 0.97 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.52 million shares. During the session, the Insurance – Diversified company that operates in wider Financial sector, reached to the highest price of $3.2600 whereas the lowest price it dropped to was $2.9700. The 52-week range on WDH shows that it touched its highest point at $3.36 and its lowest point at $0.90 during that stretch. It currently has a 1-year price target of $2.52.
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 WDH was down-trending over the past week, with a drop of -4.08%, but this was up by 34.21% over a month. Three-month performance surged to 128.36% while six-month performance rose 135.38%. The stock gained 121.74% in the past year, while it has lost -8.11% so far this year. A look at the trailing 12-month EPS for WDH yields 0.15 with Next year EPS estimates of 0.18. For the next quarter, that number is 0.03. This implies an EPS growth rate of -105.40% for this year and -14.30% for next year.
Float and Shares Shorts:
At present, 391.70 million WDH shares are outstanding with a float of 306.96 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.23 million, which was 0.06% higher than short shares on Sep 14, 2022. In addition to Mr. Peng Shen as the firm’s Co-Founder, Chairman & CEO, Mr. Guang Yang serves as its Co-Founder, VP of Fin., GM of Insurance Marketplace & Director.
Through their ownership of 2.99% of WDH’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 1.08% of WDH, in contrast to 0.02% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in WDH with 1.00% of the stake, Morgan Stanley & Co. LLC holds 3,147,730 shares worth 3,147,730. A second-largest stockholder of WDH, Norges Bank Investment Management, holds 200,000 shares, controlling over 0.06% of the firm’s shares. Renaissance Technologies LLC is the third largest shareholder in WDH, holding 54,100 shares or 0.02% stake. With a 0.02% stake in WDH, the SPDR S&P Emerging Markets Small C is the largest stakeholder. A total of 49,700 shares are owned by the mutual fund manager. The Psagot ETF, which owns about 0.00% of WDH stock, is the second-largest Mutual Fund holder. It holds 3,833 shares valued at 12764.0.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WDH since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 1 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 WDH analysts setting a high price target of $23.10 and a low target of $16.04, the average target price over the next 12 months is $18.67. Based on these targets, WDH could surge 654.9% to reach the target high and rise by 424.18% to reach the target low. Reaching the average price target will result in a growth of 510.13% 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. WDH will report FY 2022 earnings on 03/20/2024. Analysts have provided yearly estimates in a range of $1.52 being high and $1.21 being low. For WDH, this leads to a yearly average estimate of $1.39. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Waterdrop Inc. surprised analysts by -$0.02 when it reported $0.01 EPS against a consensus estimate of $0.03. The surprise factor in the prior quarter was $0.01. Based on analyst estimates, the high estimate for the next quarter is $0.21 and the low estimate is $0.21. The average estimate for the next quarter is thus $0.21.