A Look At Insider Reactions To Waitr Holdings Inc. (WTRH)

As of Friday close, Waitr Holdings Inc.’s (NASDAQ:WTRH) stock was up $0.04, moving up 18.49 percent to $0.22. The average number of shares traded per day over the past five days has been 3,320,140 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.0056 fall in that time frame. In the last twenty days, the average volume was 2,570,915, while in the previous 50 days, it was 2,884,232.

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Since last month, WTRH stock retreated -31.04%. Shares of the company fell to $0.1600 on 05/10/22, the lowest level in the past month. A 52-week high of $2.51 was reached on 01/03/22 after having rallying from a 52-week low of $0.16. Since the beginning of this year, WTRH’s stock price has dropped by -70.91% or -$0.5247, and marked a new high 1 time. However, the stock has declined by -91.42% since its 52-week high.

Waitr Holdings Inc. (WTRH) last reported insider trading activity 60 days ago on Mar 15. Newton Timothy Alan, the Chief Technology Officer of the company, purchased of 2,892 shares for $0.31 on Mar 15. It resulted in a $897 investment by the insider. Newton Timothy Alan added 1,280 shares at an average price of $0.51 on Mar 04. The insider now owns 1,780 shares following the transaction. On Feb 10, Chief Technology Officer Newton Timothy Alan bought 500 shares at $0.51 apiece. The transaction was valued at $257.

Valuation Metrics

The stock’s beta is -0.75. Besides these, the trailing price-to-sales (P/S) ratio of 0.20, the price-to-book (PB) ratio of 0.22.

Financial Health

In the three months ended September 29, Waitr Holdings Inc.’s quick ratio stood at 2.00, while its current ratio was 2.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.61, and the total debt-to-equity ratio was 0.63. In the year ended September 29, operating margins totaled -4.20%. Based on annual data, WTRH earned $73.59 million in gross profit and brought in $182.19 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -3.50%. Return on equity (ROE) for the past 12 months was -4.70%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. WTRH’s revenue fell -45.35% to $38.65 million during the quarter, while net income inched up to $35.04 million. While analysts expected Waitr Holdings Inc. to report -$0.02 quarterly earnings, the actual figure was $0.09 per share. During the quarter, the company generated -$4.03 million in EBITDA. The liabilities of Waitr Holdings Inc. were 117.97 million at the end of its most recent quarter ended September 29, and its total debt was $89.05 million. The value of shareholders’ equity is $158.44 million.

Technical Picture

This quick technical analysis looks at Waitr Holdings Inc.’s (WTRH) price momentum. With a historical volatility rate of 151.01%, the RSI 9-day stood at 41.57% on 13 May.

With respect to its five-day moving average, the current Waitr Holdings Inc. price is down by -2.54% percent or -$0.0056. At present, WTRH shares trade -28.23% below its 20-day simple moving average and -74.06% percent below its 100-day simple moving average. However, the stock is currently trading approximately -57.20% below its SMA50 and -86.63% below its SMA200.

Stochastic coefficient K was 23.67% and Stochastic coefficient D was 13.64%, while ATR was 0.0296. Given the Stochastic reading of 47.35% for the 14-day period, the RSI (14) reading has been calculated as 37.74%. As of today, the MACD Oscillator reading stands at -0.0246, while the 14-day reading stands at -0.0424.

Analyst Ratings

The Benchmark Company reiterated its a Buy rating on Waitr Holdings Inc. (NASDAQ: WTRH) in a note to investors. The analysts firm has however raised their price target to $4, representing a possible 95.6% increase in the stock price. Waitr Holdings Inc. (WTRH) has been rated Buy by analysts. According to 0 brokerage firms, WTRH is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Waitr Holdings Inc. stock as buy, with 1 recommending it as overweight.

With a median target price of $2.00, the current consensus forecast for the stock is $2.00 – $2.00. Based on these forecasts, analysts predict Waitr Holdings Inc. (WTRH) will achieve an average price target of $2.00.


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