Waitr Holdings Inc. [NASDAQ: WTRH] loss -4.78% or -0.17 points to close at $3.39 with a heavy trading volume of 2791796 shares. The company report on November 10, 2020 that Waitr Reports Third Quarter 2020 Results.
Waitr Holdings Inc. (Nasdaq: WTRH) (“Waitr” or the “Company”), a leader in on-demand food ordering and delivery, reported financial results for the third quarter of 2020.
Third Quarter 2020 Highlights.
It opened the trading session at $3.60, the shares rose to $3.64 and dropped to $3.38, the range by which the price of stock traded the whole day. The daily chart for WTRH points out that the company has recorded 64.56% gains over the past six months. However, it is still -1203.85% lower than its most recent low trading price.
If we look at the average trading volume of 3.50M shares, WTRH reached to a volume of 2791796 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Waitr Holdings Inc. [WTRH]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WTRH shares is $5.70 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WTRH stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
B. Riley FBR have made an estimate for Waitr Holdings Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 22, 2020. The new note on the price target was released on July 09, 2020, representing the official price target for Waitr Holdings Inc. stock. Previously, the target price had yet another raise from $1 to $2, while Craig Hallum kept a Buy rating on WTRH stock. On October 23, 2019, analysts decreased their price target for WTRH shares from 5 to 1.
The Average True Range (ATR) for Waitr Holdings Inc. is set at 0.33, with the Price to Sales ratio for WTRH stock in the period of the last 12 months amounting to 1.93. The Price to Book ratio for the last quarter was 4.58, with the Price to Cash per share for the same quarter was set at 0.67. Price to Free Cash Flow for WTRH in the course of the last twelve months was 61.47 with Quick ratio for the last quarter at 2.90.
Trading performance analysis for WTRH stock
Waitr Holdings Inc. [WTRH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.97. With this latest performance, WTRH shares gained by 22.38% in over the last four-week period, additionally plugging by 64.56% over the last 6 months – not to mention a rise of 557.10% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WTRH stock in for the last two-week period is set at 52.85, with the RSI for the last a single of trading hit 53.07, and the three-weeks RSI is set at 52.15 for Waitr Holdings Inc. [WTRH]. The present Moving Average for the last 50 days of trading for this stock 3.17, while it was recorded at 3.39 for the last single week of trading, and 2.76 for the last 200 days.
Waitr Holdings Inc. [WTRH]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Waitr Holdings Inc. [WTRH] shares currently have an operating margin of -42.70 and a Gross Margin at +13.83. Waitr Holdings Inc.’s Net Margin is presently recorded at -151.98.
Return on Total Capital for WTRH is now -45.36, given the latest momentum, and Return on Invested Capital for the company is -163.37. Return on Equity for this stock declined to -382.29, with Return on Assets sitting at -143.67. When it comes to the capital structure of this company, Waitr Holdings Inc. [WTRH] has a Total Debt to Total Equity ratio set at 553.76. Additionally, WTRH Total Debt to Total Capital is recorded at 84.70, with Total Debt to Total Assets ending up at 70.88. Long-Term Debt to Equity for the company is recorded at 538.00, with the Long-Term Debt to Total Capital now at 82.29.
Reflecting on the efficiency of the workforce at the company, Waitr Holdings Inc. [WTRH] managed to generate an average of -$27,521 per employee. Receivables Turnover for the company is 55.09 with a Total Asset Turnover recorded at a value of 0.95.Waitr Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.90 and a Current Ratio set at 2.90.
Waitr Holdings Inc. [WTRH]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Waitr Holdings Inc. posted -0.28/share EPS, while the average EPS was predicted by analysts to be reported at -0.28/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WTRH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Waitr Holdings Inc. go to 20.00%.
An analysis of insider ownership at Waitr Holdings Inc. [WTRH]
There are presently around $167 million, or 45.20% of WTRH stock, in the hands of institutional investors. The top three institutional holders of WTRH stocks are: LUXOR CAPITAL GROUP, LP with ownership of 10,173,557, which is approximately 0% of the company’s market cap and around 2.40% of the total institutional ownership; BLACKROCK INC., holding 5,241,177 shares of the stock with an approximate value of $17.77 million in WTRH stocks shares; and VANGUARD GROUP INC, currently with $17.08 million in WTRH stock with ownership of nearly 35.931% of the company’s market capitalization.
Positions in Waitr Holdings Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 69 institutional holders increased their position in Waitr Holdings Inc. [NASDAQ:WTRH] by around 11,560,479 shares. Additionally, 53 investors decreased positions by around 10,296,527 shares, while 14 investors held positions by with 27,544,391 shares. The mentioned changes placed institutional holdings at 49,401,397 shares, according to the latest SEC report filing. WTRH stock had 32 new institutional investments in for a total of 4,190,883 shares, while 24 institutional investors sold positions of 4,409,531 shares during the same period.