Some Investing Thoughts On Wheeler Real Estate Investment Trust Inc (NASDAQ: WHLR)

Wheeler Real Estate Investment Trust Inc (WHLR) concluded trading on Thursday at a closing price of $4.44, with 5.97 million shares of worth about $26.52 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -95.03% during that period and on December 12, 2024 the price saw a loss of about -0.45%. Currently the company’s common shares owned by public are about 1.31M shares, out of which, 1.31M shares are available for trading.

Stock saw a price change of -17.01% in past 5 days and over the past one month there was a price change of -69.38%. Year-to-date (YTD), WHLR shares are showing a performance of -97.98% which decreased to -98.24% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.41 but also hit the highest price of $273.02 during that period. The average intraday trading volume for Wheeler Real Estate Investment Trust Inc shares is 539.22K. The stock is currently trading -43.64% below its 20-day simple moving average (SMA20), while that difference is down -70.86% for SMA50 and it goes to -92.28% lower than SMA200.

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Wheeler Real Estate Investment Trust Inc (NASDAQ: WHLR) currently have 1.31M outstanding shares and institutions hold larger chunk of about 5.47% of that.

The stock has a current market capitalization of $5.82M and its 3Y-monthly beta is at 1.45. It has posted earnings per share of -$369.20 in the same period. It has a debt-to-equity ratio of 19.23. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WHLR, volatility over the week remained 25.87% while standing at 17.65% over the month.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by B. Riley FBR Inc. on February 20, 2018 offering a Buy rating for the stock and assigned a target price range of between $13 and $9 to it. Coverage by B. Riley FBR Inc. stated Wheeler Real Estate Investment Trust Inc (WHLR) stock as a Buy in their note to investors on January 17, 2018, suggesting a price target of $13 for the stock. On November 03, 2017, Compass Point Downgrade their recommendations, while on July 11, 2017, FBR & Co. Resumed their ratings for the stock with a price target of $13. Stock get a Mkt perform rating from JMP Securities on May 24, 2017.

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