Stock Groups

Is Waitr Holdings a Buy Under $1? By StockNews

[ad_1]

© Reuters. Waitr Holdings worth Buying Below $1

Waitr Holdings, a food delivery company (NASDAQ:), has increased its market reach by including national brands and diversifying its offering. However, given the company’s declining revenues and uncertain growth prospects, is it worth betting on the stock at its current price level? Let’s find out.On-demand food ordering and delivery platform provider Waitr Holdings Inc. (WTRH) operates through Waitr and Bite Squad mobile applications in the United States. WTRH’s expanded delivery options and a growing footprint in new markets, with more than 25,000 restaurants on its platform, have facilitated a surge in average daily orders. WTRH’s average daily orders rose 2.5% sequentially to 38,583 for the second quarter of 2021.

However, WTRH’s stock has slumped 19.6% in price over the past month to close yesterday’s trading session at $0.94. The stock currently trades at 79.5% lower than its 52-week peak of $4.57.

Although the food delivery company’s recent investment in a mobile banking blockchain application as a payment option for its customers, and acquisitions in the fintech sector could bode well for the stock, its underwhelming financials and unchanged active diner growth rate in its last reported quarter could be alarming.

Continue reading on StockNews

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs include futures, stocks, indexes and Forex. Prices are provided not by the exchanges. They are provided by market makers. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]