In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
Waystar Holding Corp (NASDAQ: WAY) closed the day trading at $30.87 down -0.29% from the previous closing price of $30.96. In other words, the price has decreased by -$0.29 from its previous closing price. On the day, 0.52 million shares were traded. WAY stock price reached its highest trading level at $31.2174 during the session, while it also had its lowest trading level at $30.74.
Ratios:
For a better understanding of WAY, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 36.80 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 59.28. For the most recent quarter (mrq), Quick Ratio is recorded 2.29 and its Current Ratio is at 2.29. In the meantime, Its Debt-to-Equity ratio is 0.41 whereas as Long-Term Debt/Eq ratio is at 0.41.
On July 02, 2024, RBC Capital Mkts started tracking the stock assigning a Outperform rating and target price of $27.RBC Capital Mkts initiated its Outperform rating on July 02, 2024, with a $27 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 10 ’24 when DRISCOLL JOHN PATRICK bought 6,000 shares for $21.50 per share. The transaction valued at 129,000 led to the insider holds 85,623 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WAY now has a Market Capitalization of 5312294912 and an Enterprise Value of 6450281984. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.86 while its Price-to-Book (P/B) ratio in mrq is 1.74. Its current Enterprise Value per Revenue stands at 7.118 whereas that against EBITDA is 22.151.
Stock Price History:
Over the past 52 weeks, WAY has reached a high of $33.25, while it has fallen to a 52-week low of $20.26. The 50-Day Moving Average of the stock is 7.78%, while the 200-Day Moving Average is calculated to be 19.92%.
Shares Statistics:
Over the past 3-months, WAY traded about 887.04K shares per day on average, while over the past 10 days, WAY traded about 1004570 shares per day. A total of 166.66M shares are outstanding, with a floating share count of 74.91M. Insiders hold about 56.47% of the company’s shares, while institutions hold 46.83% stake in the company. Shares short for WAY as of 1731628800 were 3216737 with a Short Ratio of 3.19, compared to 1728950400 on 2583989. Therefore, it implies a Short% of Shares Outstanding of 3216737 and a Short% of Float of 5.54.
