Is Waitr Holdings Inc. (WTRH) Stock Cheap Or Risky?

As of Thursday close, Waitr Holdings Inc.’s (NASDAQ:WTRH) stock was up $0.09, moving up 26.90 percent to $0.43. The average number of shares traded per day over the past five days has been 7,283,340 shares. 2 times new highs have been achieved over the past 5 days, with a $0.0907 gain in that time frame. In the last twenty days, the average volume was 19,345,180, while in the previous 50 days, it was 12,417,730.

Since last month, WTRH stock rose 61.57%. Shares of the company fell to $0.1500 on 07/05/22, the lowest level in the past month. A 52-week high of $2.28 was reached on 01/03/22 after having rallying from a 52-week low of $0.14. Since the beginning of this year, WTRH’s stock price has dropped by -42.05% or -$0.3100, and marked a new high 1 time. However, the stock has declined by -81.19% since its 52-week high.

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Waitr Holdings Inc. (WTRH) last reported insider trading activity 37 days ago on Jun 29. Green Jonathan, the Director of the company, disposed of 238,980 shares for $0.15 on Jun 29. It resulted in a $36,325 divestment by the insider. Green Jonathan sold 218,784 shares at an average price of $0.16 on Jun 28. The insider now owns 238,980 shares following the transaction. On Jun 27, Director Green Jonathan sold 131,558 shares at $0.16 apiece. The transaction was valued at $21,326.

Valuation Metrics

The stock’s beta is 0.00. Besides these, the trailing price-to-sales (P/S) ratio of 0.38, the price-to-book (PB) ratio of 1.02.

Financial Health

In the three months ended March 30, 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 March 30 was 1.26, and the total debt-to-equity ratio was 1.28. In the year ended March 30, operating margins totaled -51.00%. 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 -76.70%.

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 -$0.07 quarterly earnings, the actual figure was -$0.05 per share, beating the consensus estimate by 28.60%. 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 March 30, and its total debt was $87.74 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 136.89%, the RSI 9-day stood at 74.36% on 04 August.

With respect to its five-day moving average, the current Waitr Holdings Inc. price is up by +26.73% percent or $0.0907. At present, WTRH shares trade +82.44% above its 20-day simple moving average and -5.66% percent below its 100-day simple moving average. However, the stock is currently trading approximately +110.99% above its SMA50 and -70.55% below its SMA200.

Stochastic coefficient K was 76.90% and Stochastic coefficient D was 70.48%, while ATR was 0.0560. Given the Stochastic reading of 87.23% for the 14-day period, the RSI (14) reading has been calculated as 69.32%. As of today, the MACD Oscillator reading stands at 0.0254, while the 14-day reading stands at 0.0447.

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 91.4% 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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