With over 13.42 million Wheeler Real Estate Investment Trust Inc (WHLR) shares trading Monday and a closing price of $0.24 on the day, the dollar volume was approximately $3.22 million. The shares have shown a negative half year performance of -96.70% and its price on 11/27/23 gained nearly 37.05%. Currently, there are 17.58M common shares owned by the public and among those 10.92M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for WHLR have a consensus price objective of $50.00. The analysts have set the share’s price value over the next 12 months at a high of $50.00 and a low of $50.00. The average price target is 95.2% above its recent price level and an upside to the estimated low will see the stock gain 99.52% over that period. But an upside of 99.52% will see the stock hit the forecast high price target while median target price for the stock is $50.00.
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Insiders at the company have transacted a total of 5 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 4 of these insider trades were purchases, accounting for 6,458 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 3,000 shares.
However, the script later moved the day high at 0.2726, up 37.05%. The company’s stock has a 5-day price change of 2.61% and -93.99% over the past three months. WHLR shares are trading -98.31% year to date (YTD), with the 12-month market performance down to -98.72% lower. It has a 12-month low price of $0.16 and touched a high of $19.01 over the same period. WHLR has an average intraday trading volume of 2.67 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -33.85%, -83.47%, and -96.75% respectively.
Institutional ownership of Wheeler Real Estate Investment Trust Inc (NASDAQ: WHLR) shares accounts for 3.42% of the company’s 17.58M shares outstanding.
It has a market capitalization of $4.15M and a beta (3y monthly) value of 2.25. The earnings-per-share (ttm) stands at -$48.42. The company has a debt-to-equity ratio at 8.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 28.52% over the week and 26.28% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Wheeler Real Estate Investment Trust Inc (WHLR) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the WHLR, a number of firms have released research notes about the stock. B. Riley FBR Inc. stated their Buy rating for the stock in a research note on February 20, 2018, with the firm’s price target at $13-$9.
