Waterdrop (NYSE:WDH) Hits New 12-Month Low – Time to Sell?

Waterdrop Inc. Unsponsored ADR (NYSE:WDH)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $1.26 and last traded at $1.2750, with a volume of 728863 shares trading hands. The stock had previously closed at $1.40.

Wall Street Analyst Weigh In

A number of analysts have issued reports on WDH shares. Wall Street Zen raised Waterdrop from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Weiss Ratings downgraded Waterdrop from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $2.00.

Waterdrop Stock Performance

The business’s fifty day moving average price is $1.57 and its two-hundred day moving average price is $1.70. The stock has a market capitalization of $451.46 million, a P/E ratio of 5.96 and a beta of -0.18.

Waterdrop (NYSE:WDH) last released its quarterly earnings results on Wednesday, June 17th. The company reported $0.04 EPS for the quarter. Waterdrop had a return on equity of 11.02% and a net margin of 12.47%.The company had revenue of $180.17 million during the quarter.

Waterdrop Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, May 20th. Stockholders of record on Friday, April 24th were issued a $0.03 dividend. The ex-dividend date was Friday, April 24th. This represents a dividend yield of 356.0%. Waterdrop’s payout ratio is 23.81%.

Institutional Trading of Waterdrop

A number of institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP purchased a new position in Waterdrop during the second quarter worth $25,000. Sei Investments Co. purchased a new stake in shares of Waterdrop in the third quarter valued at $26,000. Russell Investments Group Ltd. bought a new stake in shares of Waterdrop in the 3rd quarter worth about $36,000. Centiva Capital LP bought a new stake in shares of Waterdrop in the 3rd quarter worth about $59,000. Finally, Ethos Financial Group LLC purchased a new position in shares of Waterdrop during the 4th quarter worth about $73,000. 1.96% of the stock is currently owned by 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.