Waitr Holdings Inc. (NASDAQ:WTRH): Performance Review And Growth Outlook – Marketing Sentinel

Waitr Holdings Inc. (NASDAQ:WTRH): Performance Review And Growth Outlook

In the last trading session, 1,469,479 Waitr Holdings Inc. (NASDAQ:WTRH) shares changed hands as the company’s beta touched -1.97. With the company’s per share price at $2.73 changed hands at -$0.08 or -0.03% during last session, the market valuation stood at $314.19 Million. WTRH’s last price was a discount, traded about -114.29% off its 52-week high of $5.85. The share price had its 52-week low at $0.812, which suggests the last value was 70.26% up since then. When we look at Waitr Holdings Inc.’s average trading volume, we note the 10-day average is 2.1 Million shares, with the 3-month average coming to 3.61 Million.

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Analysts gave the Waitr Holdings Inc. (WTRH) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.8. If we narrow down to specifics, the data shows that none out of 4 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, none recommended WTRH as a Hold, 4 felt it is a Buy and none rated the stock as Underweight. Waitr Holdings Inc.’s EPS for the current quarter is expected to be $0.02.

Waitr Holdings Inc. (NASDAQ:WTRH) trade information

Although WTRH has turned red as seen at the end of in last trading. With action -2.85%, the performance over the past five days has been red. The jump to weekly highs of $3.00- on Tuesday, Mar 23 added 9% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.02%, with the 5-day performance at -0.08% in the red. However, in the 30-day time frame, Waitr Holdings Inc. (NASDAQ:WTRH) is -0.14% down. Looking at the short shares, we see there were 11.82 Million shares sold at short interest cover period of 3.27 days.

The consensus price target for the stock as assigned by Wall Street analysts is $5.75, meaning bulls need an upside of 110.62% from its current market value. According to analyst projections, WTRH’s forecast low is $4 with $7 as the target high. To hit the forecast high, the stock’s price needs a +156.41% upsurge from its current level, while the stock would need to tank 46.52% for it to hit the projected low.

Waitr Holdings Inc. (WTRH) estimates and forecasts

Data shows that the Waitr Holdings Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value dive -19.71% over the past 6 months, a 26.67% in annual growth rate that is considerably higher than the industry average of 0.3%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Waitr Holdings Inc. will rise +166.7%, while the growth in revenue is estimated to hit -40% for the next quarter. Year-over-year growth is forecast to reach 0.9% up from the last financial year.

Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of $48.3 Million. 4 analysts are of the opinion that Waitr Holdings Inc.’s revenue for the quarter ending June 01, 2021 will be $53.21 Million. The company’s revenue for the corresponding quarters a year ago was $43.17 Million and $60.51 Million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 11.9%. The estimates for the next quarter sales put growth at -12.1%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 229.3%. The 2021 estimates are for Waitr Holdings Inc. earnings to increase by 103.6%, but the outlook for the next 5-year period is at 20% per year.

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Waitr Holdings Inc. (NASDAQ:WTRH)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 11.86% of Waitr Holdings Inc. shares while 45.21% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 51.29%. There are 142 institutions holding the Waitr Holdings Inc. stock share, with Luxor Capital Group, LP the top institutional holder. As of Dec 30, 2020, the company held 9.12% of the shares, roughly 10.17 Million WTRH shares worth $28.28 Million.

Blackrock Inc. holds the second largest percentage of outstanding shares, with 5.27% or 5.88 Million shares worth $16.34 Million as of Dec 30, 2020.

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Among Mutual Funds, the top two as of Dec 30, 2020 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 2454700 shares estimated at $6.82 Million under it, the former controlled 2.2% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.83% of the shares, roughly 2.04 Million shares worth around $6.49 Million.

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