The stock of Waldencast plc (WALD) has gone down by -2.74% for the week, with a 13.07% rise in the past month and a -24.88% drop in the past quarter. The volatility ratio for the week is 23.41%, and the volatility levels for the past 30 days are 12.41% for WALD. The simple moving average for the past 20 days is 12.07% for WALD’s stock, with a -48.52% simple moving average for the past 200 days.
Is It Worth Investing in Waldencast plc (NASDAQ: WALD) Right Now?
The stock has a 36-month beta value of -0.48. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for WALD is 22.81M, and at present, short sellers hold a 1.42% of that float. On September 02, 2024, the average trading volume of WALD was 245.38K shares.
WALD) stock’s latest price update
Waldencast plc (NASDAQ: WALD) has experienced a rise in its stock price by 4.58 compared to its previous closing price of 3.06. However, the company has seen a fall of -2.74% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-28 that Waldencast plc. (NASDAQ:WALD ) Q2 2024 Earnings Conference Call August 28, 2024 8:30 AM ET Company Participants Allison Malkin – Investor Relations, ICR Michel Brousset – Founder & Chief Executive Officer Manuel Manfredi – Chief Financial Officer Conference Call Participants Olivia Tong – Raymond James Linda Bolton Weiser – DA Davidson Dana Telsey – Telsey Advisory Group Operator Greetings.
Analysts’ Opinion of WALD
Many brokerage firms have already submitted their reports for WALD stocks, with Telsey Advisory Group repeating the rating for WALD by listing it as a “Outperform.” The predicted price for WALD in the upcoming period, according to Telsey Advisory Group is $8 based on the research report published on May 01, 2024 of the current year 2024.
WALD Trading at -1.26% from the 50-Day Moving Average
After a stumble in the market that brought WALD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -73.33% of loss for the given period.
Volatility was left at 12.41%, however, over the last 30 days, the volatility rate increased by 23.41%, as shares surge +12.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.79% lower at present.
During the last 5 trading sessions, WALD fell by -2.74%, which changed the moving average for the period of 200-days by -60.44% in comparison to the 20-day moving average, which settled at $2.87. In addition, Waldencast plc saw -70.75% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WALD starting from Zeno Investment Master Fund, who proposed sale 170,000 shares at the price of $3.00 back on Aug 30 ’24. After this action, Zeno Investment Master Fund now owns shares of Waldencast plc, valued at $510,000 using the latest closing price.
Stock Fundamentals for WALD
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.7 for the gross margin
The net margin for Waldencast plc stands at -0.38. The total capital return value is set at 0.05. Equity return is now at value -11.45, with -6.73 for asset returns.
Currently, EBITDA for the company is -21.43 million with net debt to EBITDA at 1.61. When we switch over and look at the enterprise to sales, we see a ratio of 2.28. The receivables turnover for the company is 10.72for trailing twelve months and the total asset turnover is 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.47.
Conclusion
To sum up, Waldencast plc (WALD) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
