Waterdrop (NYSE:WDH) Sets New 1-Year Low – Here’s What Happened
by Kim Johansen · The Markets DailyWaterdrop Inc. Unsponsored ADR (NYSE:WDH – Get Free Report)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $1.26 and last traded at $1.2750, with a volume of 728863 shares traded. The stock had previously closed at $1.40.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the stock. Wall Street Zen raised shares of Waterdrop from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Weiss Ratings raised shares of Waterdrop from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Waterdrop currently has a consensus rating of “Hold” and a consensus target price of $2.00.
Read Our Latest Research Report on WDH
Waterdrop Stock Performance
The stock’s 50-day moving average price is $1.58 and its two-hundred day moving average price is $1.71. The stock has a market capitalization of $460.12 million, a PE ratio of 6.67 and a beta of -0.18.
Waterdrop (NYSE:WDH – Get Free Report) last released its earnings results on Tuesday, June 16th. The company reported $0.04 earnings per share for the quarter. Waterdrop had a net margin of 14.28% and a return on equity of 11.34%.
Waterdrop Dividend Announcement
The company also recently disclosed a dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, April 24th were given a dividend of $0.03 per share. This represents a yield of 356.0%. The ex-dividend date of this dividend was Friday, April 24th. Waterdrop’s dividend payout ratio is 23.81%.
Institutional Trading of Waterdrop
Several institutional investors have recently bought and sold shares of WDH. Invesco Ltd. purchased a new stake in Waterdrop during the 2nd quarter valued at about $156,000. Marshall Wace LLP purchased a new stake in Waterdrop during the 2nd quarter valued at about $25,000. E Fund Management Co. Ltd. purchased a new stake in Waterdrop during the 2nd quarter valued at about $372,000. GSA Capital Partners LLP grew its position in Waterdrop by 91.0% during the 3rd quarter. GSA Capital Partners LLP now owns 46,065 shares of the company’s stock valued at $87,000 after purchasing an additional 21,953 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in Waterdrop during the 3rd quarter valued at about $36,000. 1.96% of the stock is owned by hedge funds and other institutional investors.
About Waterdrop
Waterdrop Inc (NYSE: WDH) is a China-based insurtech and health protection platform that leverages digital technology to connect consumers with insurance and healthcare services. Through its mobile app and online marketplace, Waterdrop offers a range of microinsurance and critical illness products designed to provide affordable coverage for everyday risks. The platform also features crowdfunding channels that enable users to contribute to medical expense relief for individuals facing serious health challenges.
Since its founding in 2016 and headquartered in Shanghai, Waterdrop has grown its partner network to include leading insurance carriers and medical institutions across mainland China.