Waystar Holding Corp (NASDAQ: WAY)’s stock price has gone rise by 3.24 in comparison to its previous close of 28.11, however, the company has experienced a 5.49% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-10-16 that Global IPO activity is recovering but remains below recent years, with 326 IPOs in Q3 2024 totaling $23.32 billion, the lowest since Q1 2019. US IPO activity has increased steadily, with 36 IPOs in Q3 2024, and $26.28 billion raised in the first three quarters, nearly double 2023. European IPO activity slowed in Q3 2024, with 30 transactions and $770 million offered, but $17.46 billion raised through Q3 2024, up from $13.50 billion in 2023.
Is It Worth Investing in Waystar Holding Corp (NASDAQ: WAY) Right Now?
There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for WAY is 72.47M, and at present, short sellers hold a 3.57% of that float. The average trading volume of WAY on October 30, 2024 was 674.18K shares.
WAY’s Market Performance
WAY stock saw an increase of 5.49% in the past week, with a monthly gain of 7.36% and a quarterly increase of 26.45%. The volatility ratio for the week is 1.84%, and the volatility levels for the last 30 days are 2.28% for Waystar Holding Corp (WAY). The simple moving average for the past 20 days is 4.86% for WAY’s stock, with a 16.73% simple moving average for the past 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 6.65% 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 able to rebound, for now settling with 1.58% of gains for the given period.
Volatility was left at 2.28%, however, over the last 30 days, the volatility rate increased by 1.84%, as shares surge +8.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.99% upper at present.
During the last 5 trading sessions, WAY rose by +6.23%, in comparison to the 20-day moving average, which settled at $27.68. In addition, Waystar Holding Corp saw 40.19% 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 7.05. 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 summary, Waystar Holding Corp (WAY) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
