Waitr Holdings Inc. [WTRH] Stock trading around $0.80 per share: What’s Next?

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Waitr Holdings Inc. [NASDAQ: WTRH] loss -3.83% on the last trading session, reaching $0.80 price per share at the time. The company report on August 26, 2021 that Waitr Closes ProMerchant, Flow Payments and Cape Cod Merchant Services Acquisitions.

Waitr Holdings Inc. (Nasdaq: WTRH) (“Waitr” or the “Company”), a leader in on-demand food ordering and delivery, announced the Company has completed the asset acquisitions of payment processing companies ProMerchant, Flow Payments and Cape Cod Merchant Services, three players in the merchant processing solutions space.

“These acquisitions of these innovative payment companies are part of our growth strategy to offer a full suite of payment processing services to our current base of restaurants and any restaurant in the future,” said Carl Grimstad, CEO and Chairman of the Board of Waitr. “Our goal is to be able to offer a suite of payment services to our ecosystem partners, including loyalty programs, gift cards, payment processing, and merchant lending. We view these acquisitions as an important step in pursuing this strategy and we believe this could lead to significant growth for Waitr in the future,” concluded Mr. Grimstad.

Waitr Holdings Inc. represents 115.64 million in outstanding shares, while the company has a total market value of $97.90 million with the latest information. WTRH stock price has been found in the range of $0.8009 to $0.8492.

If compared to the average trading volume of 4.51M shares, WTRH reached a trading volume of 8598111 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]:

The Benchmark Company have made an estimate for Waitr Holdings Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 10, 2021. The new note on the price target was released on August 10, 2021, representing the official price target for Waitr Holdings Inc. stock. Previously, the target price had yet another raise to $4, while Deutsche Bank analysts kept a Buy rating on WTRH stock.

The Average True Range (ATR) for Waitr Holdings Inc. is set at 0.06, with the Price to Sales ratio for WTRH stock in the period of the last 12 months amounting to 0.49. The Price to Book ratio for the last quarter was 1.00, with the Price to Cash per share for the same quarter was set at 0.50. Price to Free Cash Flow for WTRH in the course of the last twelve months was 4.15 with Quick ratio for the last quarter at 1.60.

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 -8.48. With this latest performance, WTRH shares dropped by -19.04% in over the last four-week period, additionally sinking by -71.27% over the last 6 months – not to mention a drop of -75.93% 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 30.73, with the RSI for the last a single of trading hit 28.08, and the three-weeks RSI is set at 32.65 for Waitr Holdings Inc. [WTRH]. The present Moving Average for the last 50 days of trading for this stock 1.1166, while it was recorded at 0.8308 for the last single week of trading, and 2.2478 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 +13.32 and a Gross Margin at +42.19. Waitr Holdings Inc.’s Net Margin is presently recorded at +7.75.

Return on Total Capital for WTRH is now 16.26, given the latest momentum, and Return on Invested Capital for the company is 9.64. Return on Equity for this stock inclined to 28.53, with Return on Assets sitting at 7.70. When it comes to the capital structure of this company, Waitr Holdings Inc. [WTRH] has a Total Debt to Total Equity ratio set at 110.22. Additionally, WTRH Total Debt to Total Capital is recorded at 52.43, with Total Debt to Total Assets ending up at 41.81. Long-Term Debt to Equity for the company is recorded at 107.12, with the Long-Term Debt to Total Capital now at 50.96.

Reflecting on the efficiency of the workforce at the company, Waitr Holdings Inc. [WTRH] managed to generate an average of $15,315 per employee. Receivables Turnover for the company is 65.64 with a Total Asset Turnover recorded at a value of 0.99.Waitr Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.60.

Waitr Holdings Inc. [WTRH]: An earnings per share (EPS) analysis

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 $35 million, or 32.70% 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 3.40% of the total institutional ownership; PORTOLAN CAPITAL MANAGEMENT, LLC, holding 5,891,646 shares of the stock with an approximate value of $4.72 million in WTRH stocks shares; and VANGUARD GROUP INC, currently with $3.69 million in WTRH stock with ownership of nearly -17.009% of the company’s market capitalization.

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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 45 institutional holders increased their position in Waitr Holdings Inc. [NASDAQ:WTRH] by around 10,080,633 shares. Additionally, 67 investors decreased positions by around 18,714,201 shares, while 20 investors held positions by with 14,750,504 shares. The mentioned changes placed institutional holdings at 43,545,338 shares, according to the latest SEC report filing. WTRH stock had 20 new institutional investments in for a total of 1,599,834 shares, while 30 institutional investors sold positions of 3,372,159 shares during the same period.

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