Analysts who follow Waitr Holdings Inc (WTRH) on average expect it to decline -2.60% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy.
That average rating earns Waitr Holdings Inc an Analyst Ranking of 65, which means it ranks higher than 65 of stocks, based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.
InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.
What's Happening With Waitr Holdings Inc Stock Today?
Waitr Holdings Inc (WTRH) stock has gained 1.76% while the S&P 500 is lower by -0.88% as of 9:52 AM on Tuesday, Jun 9. WTRH is higher by $0.04 from the previous closing price of $2.27 on volume of 350,066 shares. Over the past year the S&P 500 has risen 10.99% while WTRH is lower by -62.19%. WTRH lost -$3.54 per share the over the last 12 months.
