Home  »  Technologies   »  Should You Expect A Quick Recovery From Waterdrop ...

Should You Expect A Quick Recovery From Waterdrop Inc. (NYSE: WDH) After -17.89% Decline From High?

Waterdrop Inc. (NYSE:WDH)’s traded shares stood at 0.41 million during the last session. At the last check today, the stock’s price was $2.85, to imply a decrease of -0.35% or -$0.01 in intraday trading. The WDH share’s 52-week high remains $3.36, putting it -17.89% down since that peak but still an impressive 66.32% since price per share fell to its 52-week low of $0.96. The company has a valuation of $1.08B, with an average of 0.75 million shares in intraday trading volume over the past 10 days and average of 820.01K shares over the past 3 months.

Analysts have given a consensus recommendation of a Buy for Waterdrop Inc. (WDH), translating to a mean rating of 1.80. Of 4 analyst(s) looking at the stock, 0 analyst(s) give WDH a Sell rating. 1 of those analysts rate the stock as Overweight while 0 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.03.

Top 5 EV Tech Stocks to Buy for 2023

According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.

Click Here to Download the FREE Report.

Sponsored

Waterdrop Inc. (NYSE:WDH) trade information

After registering a -0.35% downside in the latest session, Waterdrop Inc. (WDH) has traded red over the past five days. The stock hit a weekly high of 3.00 this Wednesday, 03/15/23, dropping -0.35% in its intraday price action. The 5-day price performance for the stock is 2.15%, and -5.32% over 30 days. With these gigs, the year-to-date price performance is -14.41%. Short interest in Waterdrop Inc. (NYSE:WDH) saw shorts transact 0.71 million shares and set a 0.91 days time to cover.

Analysts on Wall Street suggest a consensus price target of $18.67, implying an increase of 84.73% to the stock’s recent value. The extremes give us $16.04 and $23.10 for target low and target high price respectively. As such, WDH has been trading -710.53% off suggested target high and -462.81% from its likely low.

Waterdrop Inc. (WDH) estimates and forecasts

Looking at statistics comparing Waterdrop Inc. share performance against respective industry, we note that the company has outperformed competitors. Waterdrop Inc. (WDH) shares are 141.53% up over the last 6 months, with its year-to-date growth rate higher than industry average at 116.48% against 17.60%. The rating firms project that company’s revenue will shrink -15.10% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is $101.47 million.

WDH Dividends

Waterdrop Inc. has its next earnings report out on March 17. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Waterdrop Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Waterdrop Inc. (NYSE:WDH)’s Major holders

Waterdrop Inc. insiders hold 0.80% of total outstanding shares, with institutional holders owning 3.70% of the shares at 3.73% float percentage. In total, 3.70% institutions holds shares in the company, led by Morgan Stanley. As of Dec 30, 2022, the company held over 3.16 million shares (or 1.01% of shares), all amounting to roughly $9.04 million.

The next major institution holding the largest number of shares is Orland Properties Ltd. with 2.23 million shares, or about 0.71% of shares outstanding. As of the market price on Dec 30, 2022, these shares were worth $6.36 million.

Going by data provided on Dec 30, 2021, TIFF Multi-Asset Fund holds roughly 10700.0 shares. This is just over 0.00% of the total shares, with a market valuation of $30548.0

Leave a Comment

Your email address will not be published. Required fields are marked *

On Key

Related Posts