Waterdrop Inc. (WDH) Stock on a Bullish Ride, Here’s Why

 Waterdrop Inc. (WDH), a company providing online insurance brokerage services, has soared 9.49% in the premarket trading session. Consequently, WDH stock was trading at $1.50 when last checked. During Tuesday’s regular trading session, the stock surged by 7.87% to close the day at $1.37. The stock went on a roll following the announcement of financial results by the company.

Q4 2021 Operating Results

Hours ago, WDH announced the unaudited operating results for Q4 2021. The net operating revenue for the quarter was $94.8 million, a decline of 27.3% on a year-over-year basis. The operating costs for the quarter were $106.4 million, a decrease of 38.6% on a year-over-year basis. The net loss suffered during the three months was $11.2 million versus $63.3 million during the same quarter of the preceding year.

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FY 2021 Operating Results

WDH also provided an update regarding the operating results for FY 2021. The operating revenue for fiscal 2021 stood at $503.1 million, an increase of 5.9% compared to fiscal 2020. The operating expenses during the year were $795.4 million after increasing by 43.8% on a year-over-year basis. The net loss attributable to the company during the year was $247 million versus $104 million during fiscal 2020.

Comments from WDH CEO

Mr. Peng Shen, Founder, Chairman, and Chief Executive Officer of WDH, commented that the capital market gas has proven to be capricious since the start of the third quarter. The company hopes that it would uphold the commitment to developing its business in a customer-centric fashion despite facing all sorts of challenges

What’s Net for WDH?

Analysts are holding a negative evaluation of WDH stock at the moment as stock is expected to perform weakly in the next couple of weeks. So investors should take a careful decision regarding investment in WDH stock.


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