Wheeler Real Estate Investment Trust Inc (NASDAQ: WHLR)’s stock price has gone decline by -25.57 in comparison to its previous close of 18.81, however, the company has experienced a -14.06% decrease in its stock price over the last five trading days. accesswire.com reported 2024-09-05 that VIRGINIA BEACH, VA / ACCESSWIRE / September 5, 2024 / Cedar Realty Trust, Inc. (NYSE:CDRpB)(NYSE:CDRpC) (“Cedar”) and Wheeler Real Estate Investment Trust, Inc. (Nasdaq:WHLR) (“Wheeler”) jointly announced that, on September 4, 2024, the United States Court of Appeals for the Fourth Circuit affirmed the 2023 Order of the United States District Court for the District of Maryland dismissing a putative class action complaint, entitled Kim, et al., v. Cedar Realty Trust, Inc., et al.
Is It Worth Investing in Wheeler Real Estate Investment Trust Inc (NASDAQ: WHLR) Right Now?
Moreover, the 36-month beta value for WHLR is 1.51. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for WHLR is 0.62M and currently, short sellers hold a 16.36% of that float. On September 23, 2024, WHLR’s average trading volume was 1.35M shares.
WHLR’s Market Performance
WHLR’s stock has seen a -14.06% decrease for the week, with a 95.26% rise in the past month and a -66.06% fall in the past quarter. The volatility ratio for the week is 32.91%, and the volatility levels for the past 30 days are at 58.72% for Wheeler Real Estate Investment Trust Inc The simple moving average for the past 20 days is 4.20% for WHLR’s stock, with a -73.18% simple moving average for the past 200 days.
Analysts’ Opinion of WHLR
Many brokerage firms have already submitted their reports for WHLR stocks, with B. Riley FBR Inc. repeating the rating for WHLR by listing it as a “Buy.” The predicted price for WHLR in the upcoming period, according to B. Riley FBR Inc. is $9 based on the research report published on February 20, 2018 of the previous year 2018.
B. Riley FBR Inc., on the other hand, stated in their research note that they expect to see WHLR reach a price target of $13. The rating they have provided for WHLR stocks is “Buy” according to the report published on January 17th, 2018.
WHLR Trading at -11.79% from the 50-Day Moving Average
After a stumble in the market that brought WHLR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -99.15% of loss for the given period.
Volatility was left at 58.72%, however, over the last 30 days, the volatility rate increased by 32.91%, as shares surge +83.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -58.15% lower at present.
During the last 5 trading sessions, WHLR fell by -14.06%, which changed the moving average for the period of 200-days by -86.11% in comparison to the 20-day moving average, which settled at $13.75. In addition, Wheeler Real Estate Investment Trust Inc saw -87.25% 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 WHLR starting from MAGNOLIA CAPITAL FUND, LP, who sale 11,700 shares at the price of $20.40 back on Sep 18 ’24. After this action, MAGNOLIA CAPITAL FUND, LP now owns 249,626 shares of Wheeler Real Estate Investment Trust Inc, valued at $238,680 using the latest closing price.
MAGNOLIA CAPITAL FUND, LP, the 10% Owner of Wheeler Real Estate Investment Trust Inc, sale 9,380 shares at $20.48 during a trade that took place back on Sep 17 ’24, which means that MAGNOLIA CAPITAL FUND, LP is holding 261,326 shares at $192,102 based on the most recent closing price.
Stock Fundamentals for WHLR
Current profitability levels for the company are sitting at:
- 0.31 for the present operating margin
- 0.47 for the gross margin
The net margin for Wheeler Real Estate Investment Trust Inc stands at -0.26. The total capital return value is set at 0.05. Equity return is now at value 44.50, with -5.40 for asset returns.
Based on Wheeler Real Estate Investment Trust Inc (WHLR), the company’s capital structure generated 0.88 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 7.49. The interest coverage ratio of the stock is -24.85.
Currently, EBITDA for the company is 59.16 million with net debt to EBITDA at 38.22. When we switch over and look at the enterprise to sales, we see a ratio of 4.45. The receivables turnover for the company is 7.16for trailing twelve months and the total asset turnover is 0.15.
Conclusion
To wrap up, the performance of Wheeler Real Estate Investment Trust Inc (WHLR) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
