Analysts have differing opinions on the stock, with 8 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for WAY is 72.47M, and currently, short sellers hold a 1.29% ratio of that floaft. The average trading volume of WAY on September 20, 2024 was 649.72K shares.
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WAY) stock’s latest price update
Waystar Holding Corp (NASDAQ: WAY)’s stock price has increased by 0.60 compared to its previous closing price of 26.85. However, the company has seen a 2.35% increase in its stock price over the last five trading sessions. prnewswire.com reported 2024-08-19 that Company awarded several distinctions for healthcare payments software at 2024 International Business Awards® LEHI, Utah and LOUISVILLE, Ky., Aug. 19, 2024 /PRNewswire/ — Waystar Holding Corp. (Nasdaq: WAY), a provider of leading healthcare payment software, today announced that it has been recognized with a series of Stevie® Awards as part of the 2024 International Business Awards® (IBAs).
WAY’s Market Performance
Waystar Holding Corp (WAY) has experienced a 2.35% rise in stock performance for the past week, with a 1.66% rise in the past month, and a 25.05% rise in the past quarter. The volatility ratio for the week is 2.83%, and the volatility levels for the past 30 days are at 2.76% for WAY. The simple moving average for the last 20 days is 1.27% for WAY stock, with a simple moving average of 13.88% for the last 200 days.
Analysts’ Opinion of WAY
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see WAY reach a price target of $27. The rating they have provided for WAY stocks is “Outperform” according to the report published on July 02nd, 2024.
Raymond James gave a rating of “Outperform” to WAY, setting the target price at $30 in the report published on July 02nd of the current year.
WAY Trading at 9.71% from the 50-Day Moving Average
After a stumble in the market that brought WAY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.46% of loss for the given period.
Volatility was left at 2.76%, however, over the last 30 days, the volatility rate increased by 2.83%, as shares surge +3.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.42% upper at present.
During the last 5 trading sessions, WAY rose by +2.35%, in comparison to the 20-day moving average, which settled at $26.71. In addition, Waystar Holding Corp saw 30.48% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WAY starting from DRISCOLL JOHN PATRICK, who purchase 6,000 shares at the price of $21.50 back on Jun 10 ’24. After this action, DRISCOLL JOHN PATRICK now owns 85,623 shares of Waystar Holding Corp, valued at $129,000 using the latest closing price.
Stock Fundamentals for WAY
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.46 for the gross margin
The net margin for Waystar Holding Corp stands at -0.09. The total capital return value is set at 0.03. Equity return is now at value -2.92, with -1.59 for asset returns.
Based on Waystar Holding Corp (WAY), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at 0.46. The interest coverage ratio of the stock is 0.53.
Currently, EBITDA for the company is 322.89 million with net debt to EBITDA at 4.34. When we switch over and look at the enterprise to sales, we see a ratio of 6.72. The receivables turnover for the company is 5.42for trailing twelve months and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.15.
Conclusion
In a nutshell, Waystar Holding Corp (WAY) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
