Saturday, June 25, 2022

Waitr Holdings Inc. [WTRH] stock for 23,933 USD was sold by Green Jonathan

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Waitr Holdings Inc. shares valued at $23,933 were sold by Green Jonathan on Jun 07. At $0.15 per share, Green Jonathan sold 157,870 shares. The insider’s holdings dropped to 1,061,896 shares worth approximately $0.16 million following the completion of this transaction.

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Also, Green Jonathan sold 101,687 shares, netting a total of over 17,327 in proceeds. Following the sale of shares at $0.17 each, the insider now holds 1,219,766 shares.

Before that, Green Jonathan had sold 105,200 shares from its account. In a trade valued at $18,421, the Director traded Waitr Holdings Inc. shares for $0.18 each. Upon closing the transaction, the insider’s holdings decreased to 105,200 shares, worth approximately $0.2 million.

As published in a research note from The Benchmark Company on August 10, 2021, Waitr Holdings Inc. [WTRH] has been retained to a Buy and the price target has been revised to $4. This represents a 96.25% premium over Wednesday’s closing price. Analysts at B. Riley Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of March 08, 2021, Deutsche Bank has increased its “Hold” rating to a “Buy” for WTRH. Earlier on July 22, 2020, B. Riley FBR initiated its rating. Their recommendation was “a Buy” for WTRH stock.

Analyzing WTRH’s Price Performance

On Wednesday, Waitr Holdings Inc. [NASDAQ: WTRH] rose 1.35% to $0.15. The stock’s lowest price that day was $0.148, but it reached a high of $0.163 in the same session. During the last five days, there has been a surge of approximately 2.81%. Over the course of the year, Waitr Holdings Inc. shares have dropped approximately -79.70%. Shares of the company reached a 52-week high of $0.7881 on 01/03/22 and a 52-week low of $0.1381 on 06/16/22. A 50-day SMA is recorded $0.2148, while a 200-day SMA reached $0.6853. Nevertheless, trading volume fell to 2.29 million shares from 7.64 million shares the previous day.

Support And Resistance Levels for Waitr Holdings Inc. (WTRH)

According to the 24-hour chart, there is a support level at 0.1445, which, if violated, would cause prices to drop to 0.1387. In the upper region, resistance lies at 0.1595. The next price resistance is at 0.1687. RSI (Relative Strength Index) is 37.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0050, which suggests the price will decrease in the coming days. Percent R is at 75.60%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Waitr Holdings Inc. subject to short interest?

Stocks of Waitr Holdings Inc. saw a sharp rise in short interest on Apr 28, 2022 jumping by 1.36 million shares to 7.65 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 6.29 million shares. A jump of 17.78% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.97 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.97.

Which companies own the most shares of Waitr Holdings Inc. (WTRH)?

According to The Vanguard Group, Inc. filings, the company currently owns 4,163,874 shares, which is about 2.63% of the total WTRH shares outstanding. The investor’s shares have plunged by -920,556 from its previous 13-F filing of 5084430.0 shares. With the completion of the sale, Jefferies Financial Group Inc.’s stake is now worth $716,680. BlackRock Fund Advisors acquire a 1.27% interest valued at $0.35 million while Morgan Stanley & Co. LLC purchased a 1,288,523 stake. A total of -1,742 shares of Waitr Holdings Inc. were bought by Geode Capital Management LLC during the quarter, and -364,757 were sold by Luxor Capital Group LP. In its current portfolio, Susquehanna Financial Group LLLP holds 973,691 shares valued at $0.18 million.

In terms of Waitr Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $2.00 in the next 12 months, up nearly 1233.33% from the previous closing price of $0.15. Analysts anticipate Waitr Holdings Inc. stock to reach $2.00 by 2022, with the lowest price target being $2.00. In spite of this, 1 analysts ranked Waitr Holdings Inc. stock as a Buy at the end of 2022.

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