Waitr Holdings Inc. (NASDAQ:WTRH) has seen 6,830,429 shares traded in the recent trading session. The company, currently valued at $289.83 Million, closed the recent trade at $2.89 per share which meant it gained $0.1 on the day or 7.01% during that session. The WTRH stock price is -124.91% off its 52-week high price of $6.5 and 92.63% above the 52-week low of $0.213. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.94 Million shares traded. The 3-month trading volume is 6.72 Million shares.
The consensus among analysts is that Waitr Holdings Inc. (WTRH) is a Buy stock at the moment, with a recommendation rating of 2. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 3 have rated it as a Hold, with 3 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.
Waitr Holdings Inc. (NASDAQ:WTRH) trade information
Sporting 8.67% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 30 when the WTRH stock price touched $3.08-6 or saw a rise of 6.49%. Year-to-date, Waitr Holdings Inc. shares have moved 794.41%, while the 5-day performance has seen it change 21.52%. Over the past 30 days, the shares of Waitr Holdings Inc. (NASDAQ:WTRH) have changed 16.6%. Short interest in the company has seen 9.56 Million shares shorted with days to cover at 1.42.
Wall Street analysts have a consensus price target for the stock at $3.33, which means that the shares’ value could jump 15.22% from current levels. The projected low price target is $2 while the price target rests at a high of $4. In that case, then, we find that the current price level is +38.41% off the targeted high while a plunge would see the stock lose -30.8% from current levels.
Waitr Holdings Inc. (WTRH) estimates and forecasts
Figures show that Waitr Holdings Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +723.71% over the past 6 months, with this year growth rate of NA%, compared to NA% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 100% and 100.3% for the next quarter. Revenue growth from the last financial year stood is estimated to be +1.2%.
2 analysts offering their estimates for the company have set an average revenue estimate of $52.19 Million for the current quarter. 2 have an estimated revenue figure of $50.29 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $51.34 Million and $49.2 Million respectively for this quarter and the next, and analysts expect sales will grow by 1.7% for the current quarter and 2.2% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +0% over the past 5 years. Earnings growth for 2020 is a modest -84.6% while over the next 5 years, the company’s earnings are expected to increase by 20%.
Waitr Holdings Inc. (NASDAQ:WTRH)’s Major holders
Insiders own 19.13% of the company shares, while shares held by institutions stand at 28.4% with a share float percentage of 35.12%. Investors are also buoyed by the number of investors in a company, with Waitr Holdings Inc. having a total of 100 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 3.97 Million shares worth more than $4.88 Million. As of March 30, 2020, Blackrock Inc. held 4.37% of shares outstanding.
The other major institutional holder is Jefferies Financial Group Inc., with the holding of over 3.9 Million shares as of March 30, 2020. The firm’s total holdings are worth over $4.79 Million and represent 4.29% of shares outstanding.