At the time of writing, Waystar Holding Corp [WAY] stock is trading at $28.57, up 1.64%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WAY shares have gain 3.85% over the last week, with a monthly amount glided 5.70%, 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.
For the past year, the stock price of Waystar Holding Corp fluctuated between $20.26 and $28.57. Currently, Wall Street analysts expect the stock to reach $29.67 within the next 12 months. Waystar Holding Corp [NASDAQ: WAY] shares were valued at $28.57 at the most recent close of the market. An investor can expect a potential return of 3.85% based on the average WAY price forecast.
Analyzing the WAY fundamentals
According to Waystar Holding Corp [NASDAQ:WAY], the company’s sales were 863.29M for trailing twelve months, which represents an 19.68% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.46.
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 27.89 points at the first support level, and at 27.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.33, and for the 2nd resistance point, it is at 30.09.
Ratios To Look Out For
It is important to note that Waystar Holding Corp [NASDAQ:WAY] has a current ratio of 2.15. As well, the Quick Ratio is 2.15, while the Cash Ratio is 0.64. Considering the valuation of this stock, the price to sales ratio is 5.52, the price to book ratio is 1.62.
Transactions by insiders
Recent insider trading involved DRISCOLL JOHN PATRICK, Chairperson, that happened on Jun 10 ’24 when 6000.0 shares were purchased.
