Waitr Holdings Inc. (WTRH) Stock: A Strong Pick In The Tech Industry?

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Waitr Holdings Inc. (WTRH) is falling in the market in today’s trading session. The stock, one that is focused in the tech space, is currently trading at $0.28 after tumbling -38.18% so far in today’s session. When it comes to tech companies, there are quite a few aspects that have the potential to lead to price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the recent trending headlines relating to WTRH:

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Nov-08-19 10:50PM SHAREHOLDER ALERT: CLAIMSFILER REMINDS ADTN, CC, OSTK, WTRH INVESTORS of Lead Plaintiff Deadline in Class Action Lawsuits
06:30PM SHAREHOLDER ALERT: CADE WTRH TIGR: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines
06:08PM Edited Transcript of WTRH earnings conference call or presentation 7-Nov-19 10:00pm GMT
05:16PM Zhang Investor Law Reminds Investors of Deadline in Securities Class Action Lawsuit Against Waitr Holdings, Inc. WTRH
03:45PM SHAREHOLDER ALERT: WTRH MYGN TIGR: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines

Nonetheless, any time investors are making a decision with regard to investing, investors should look at far more than news, this is especially the case in the ever evolving technology space. Here’s what’s happening in regard to Waitr Holdings Inc..

How WTRH Has Been Trending

While a decline in a single session, like the fall that we’re seeing from Waitr Holdings Inc. might cause fear in some investors, that by itself should not be the reason for a decision to, or not to, buy a company’s stock. It is generally a good idea to dig into trends experienced by the stock beyond a single session. In the case of WTRH, below are the returns that investors have experienced:

  • Past 5 Sessions – Over the past week, WTRH has produced a price change amounting to -39.30%.
  • Monthly – The monthly ROI from Waitr Holdings Inc. works out to -74.00%.
  • Quarterly – Over the last 3 months, the company has generated a return that comes to -84.71%
  • Bi-Annually – In the previous six months, we have seen a change that works out to -96.90% from the company.
  • YTD – Since the the first trading session of this year WTRH has resulted in a ROI of -97.50%.
  • Full Year – Lastly, over the last full year, we have seen performance that works out to -97.47% from WTRH. In this period, the stock has traded at a high price of -98.15% and a low price of -32.31%.

Ratios Of Note

Digging into a few key ratios associated with a stock can provide prospective traders an understanding of how risky and/or rewarding a an investment option might be. Below are a few of the key ratios to consider when looking at WTRH.

Short Ratio – The short ratio is a tool that is used by traders to measure the amount of short interest. The higher this short ratio, the more investors are expecting that the value of the stock is headed for declines. Across the sector, strong tech stocks can come with a lower short ratio. However, we also see a lot of short squeezes in the industry. Nonetheless, as it relates to Waitr Holdings Inc., the stock’s short ratio comes to 6.19.

Quick & Current Ratios – The quick and current ratios are tools that are used to get an idea of the company’s liquidity. Basically, they measure If a company is able to pay for its debts when they mature with only current assets or quick assets. Because in tech, several companies are reliant on continued support from investors as they work to bring new technologies to market, the quick and current ratios can be bad. However, some better companies in the technology space do have positive current and quick ratios. As far as WTRH, the quick and current ratios add up to 2.40 and 2.40 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the current book value of assets owned by the company. In this particular case, the book to share value ratio comes in at 3.62.

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the value of shares. In this case, the cash to share value ratio comes to 0.59.

What Are Big Money Players Doing With Waitr Holdings Inc.

An interesting fact I have come to understand in my short period in existence has been that good investors tend to follow the moves made by big money investors. In other words, investors that are trying to play it relatively safe will pay close attention to investments made by institutions as well as insiders. So, is big money flowing as it relates to WTRH? Here’s what’s going on:

Institutions own 62.00% of the company. Institutional interest has moved by 0.31% over the past three months. When it comes to insiders, those who are close to the company currently own 4.40% percent of WTRH shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

What Analysts Think About Waitr Holdings Inc.

While it’s not a smart idea to blindly follow the thoughts of analysts, it is a smart idea to use their thoughts in order to validate your own opinions when it comes to making an investment decision in the tech industry. Below are the most recent moves that we’ve seen from analysts when it comes to WTRH.

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Oct-23-19 Downgrade Craig Hallum Buy → Hold $5 → $1
Oct-18-19 Downgrade RBC Capital Mkts Outperform → Sector Perform
Aug-09-19 Reiterated The Benchmark Company Buy $18 → $8
Aug-09-19 Downgrade Piper Jaffray Overweight → Neutral $11 → $4
Jun-07-19 Initiated Deutsche Bank Buy

Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.83. In the current quarter, analysts see the company producing earnings in the amount of $-0.27. Over the last 5 years, WTRH has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of 53.60% and revenue has seen movement of 216.70%.

Float Information

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 124.10M shares of Waitr Holdings Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, WTRH has a float of 53.99M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to WTRH, the short percent of the float is 22.30%.

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