Waystar Holding Corp [WAY] stock is trading at $24.49, up 2.73%. An important factor to consider is whether the stock is rising or falling in short-term value. The WAY shares have gain 8.03% over the last week, with a monthly amount glided 14.07%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, RBC Capital Mkts started tracking the stock with Outperform rating on July 02, 2024, and set its price target to $27. On July 02, 2024, Raymond James initiated with a Outperform rating and assigned a price target of $30 on the stock. JP Morgan started tracking the stock assigning a Overweight rating and suggested a price target of $24 on July 02, 2024. Goldman initiated its recommendation with a Buy and recommended $32 as its price target on July 02, 2024. Evercore ISI started tracking with a Outperform rating for this stock on July 02, 2024, and assigned it a price target of $25. In a note dated July 02, 2024, Deutsche Bank initiated an Buy rating and provided a target price of $27 on this stock.
Waystar Holding Corp [WAY] stock has fluctuated between $20.26 and $24.29 over the past year. Currently, Wall Street analysts expect the stock to reach $27.5 within the next 12 months. Waystar Holding Corp [NASDAQ: WAY] shares were valued at $24.49 at the most recent close of the market. An investor can expect a potential return of 12.29% based on the average WAY price forecast.
Analyzing the WAY fundamentals
Waystar Holding Corp [NASDAQ:WAY] reported sales of 863.29M for the trailing twelve months, which represents a growth of 19.68%. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at -0.12%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.03 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.46.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 23.91 points at the first support level, and at 23.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.80, and for the 2nd resistance point, it is at 25.11.
Ratios To Look Out For
For context, Waystar Holding Corp’s Current Ratio is 2.15. On the other hand, the Quick Ratio is 2.15, and the Cash Ratio is 0.64. Considering the valuation of this stock, the price to sales ratio is 4.73, the price to book ratio is 1.39.
Transactions by insiders
Recent insider trading involved DRISCOLL JOHN PATRICK, Chairperson, that happened on Jun 10 ’24 when 6000.0 shares were purchased.
