In today’s recent session, 1,384,044 shares of the Waitr Holdings Inc.(NASDAQ:WTRH) have been traded, and its beta is -1.89. Most recently the company’s share price was $3.63, and it changed around -$0.3 or -0.08% from the last close, which brings the market valuation of the company to $405.14 Million. WTRH at last check was trading at a discount to its 52-week high of $5.85, offering almost -61.16% off that amount. The share price’s 52-week low was $0.26, which indicates that the recent value has risen by an impressive 92.84% since then. We note from Waitr Holdings Inc.’s average daily trading volume that its 10-day average is 2.16 Million shares, with the 3-month average coming to 3.9 Million.
Waitr Holdings Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 3 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended WTRH as a Hold, whereas 3 deemed it a Buy, and no one rated it as Underweight. Waitr Holdings Inc. is expected to report earnings per share of $0.04 for the current quarter.
Waitr Holdings Inc. (NASDAQ:WTRH): Trading Information Today
Although WTRH has been showing red trend so far today with a performance of -7.63% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $4.04- on Friday, Feb 19 increased the stock’s daily price by 8.29%. The company’s shares are currently up 0.33% year-to-date, but still down -0.0644 over the last five days. On the other hand, Waitr Holdings Inc. (NASDAQ:WTRH) is 0.1% up in the 30-day period. We can see from the shorts that 13.87 Million shares have been sold at a short interest cover period of 3.56 day(s).
The consensus price target as assigned by Wall Street analysts is $6.33, which translates to bears needing to increase their stock price by 74.38% from its current value. Analyst projections state that WTRH is forecast to be at a low of $5 and a high of $7. In order for the stock price to hit the forecast high, the stock would need to surge +92.84% from its current level, while the stock would need to crash 37.74% from its current level to reach the projected low.
Waitr Holdings Inc. (WTRH) projections and forecasts
Waitr Holdings Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -21.24 percent over the past six months and at a 113.91% annual growth rate that is well above the industry average of 2.8%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +114.3% in revenue this quarter, and will report an increase of 233.3% in the next quarter. The year-over-year growth rate is expected to be 9%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of $51.08 Million in revenue for the current quarter. 2 analysts expect Waitr Holdings Inc. to make $55.55 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarters a year ago were $43.1 Million and $43.17 Million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 18.5%. Forecasts for the next quarter put sales growth at 28.7%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. Waitr Holdings Inc. earnings are expected to decrease by -84.6% in 2021, but the outlook is positive 20% per year for the next five years.
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Waitr Holdings Inc. (NASDAQ:WTRH)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 11.86% of Waitr Holdings Inc. shares, and 45.21% of them are in the hands of institutional investors. The stock currently has a share float of 51.29%. Waitr Holdings Inc. stock is held by 142 institutions, with Luxor Capital Group, LP being the largest institutional investor. By Sep 29, 2020, it held 9.17% of the shares, which is about 10.17 Million shares worth $32.76 Million.
Blackrock Inc., with 5.3% or 5.88 Million shares worth $16.34 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.