Waterdrop Inc. (NYSE:WDH) finished Friday with a subtraction of -$0.11 to close at $1.66, a downside of -6.21 percent. An average of 719,300 shares of common stock have been traded in the last five days. There was a fall of -$0.1200 in the past week, and it reached a new high 23 times over the past 12 months. The last 20 days have seen an average of 785,220 shares traded, while the 50-day average volume stands at 965,080.
WDH stock has decreased by -22.79% in the last month. The company shares reached their 1-month lowest point of $1.6200 on 08/11/23. With the stock rallying to its 52-week high on 01/04/23, shares of the company touched a low of $0.97 and a high of $3.36 in 52 weeks. It has reached a new high 2 times so far this year and lost -50.15% or -$1.6700 in price. In spite of this, the price is down -50.60% from the 52-week high.
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Valuation Metrics
Waterdrop Inc. (WDH) has a trailing price-to-earnings (P/E) ratio of 8.65. The stock’s beta is -1.04. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.67, the price-to-book (PB) ratio at 0.99.
Financial Health
Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending March 30. Its gross profit as reported stood at $258.42 million compared to revenue of $406.22 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Waterdrop Inc.’s return on assets was 9.60%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $88.11 million in the quarter, while revenues were grew 407.46%. The analyst consensus anticipated Waterdrop Inc.’s latest quarter earnings to come in at $0.02 per share, but it turned out to be $0.03, a 50.00% surprise. For the quarter, EBITDA amounted to $1.5 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Waterdrop Inc. (WDH) price momentum. RSI 9-day as of the close on 11 August was 28.02%, suggesting the stock is oversold, with historical volatility in this time frame at 42.54%.
As of today, WDH’s price is $1.7200 -6.74% or -$0.1200 from its 5-day moving average. WDH is currently trading -18.63% lower than its 20-day SMA and -44.48% lower than its 100-day SMA. However, the stock’s current price level is -33.60% below the SMA50 and +15.28% above the SMA200.
The stochastic %K and %D were 17.02% and 14.85%, respectively, and the average true range (ATR) was 0.1051. With the 14-day stochastic at 9.09% and the average true range at 0.1136, the RSI (14) stands at 29.68%. The stock has reached -0.0422 on the 9-day MACD Oscillator while the 14-day reading was at -0.0910.
Analyst Ratings
Morgan Stanley upgraded Waterdrop Inc. (NYSE: WDH) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as an Equal-weight. The consensus rating for Waterdrop Inc. (WDH) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell WDH, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
