Waterdrop Inc. (WDH) can make a big difference with a little luck

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.

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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 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.

Institutional Ownership:

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.

Analysts Ratings:

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.

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