Is Wheeler Real Estate Investment Trust Inc (NASDAQ: WHLR) Proving The Doubters Wrong?

Wheeler Real Estate Investment Trust Inc (WHLR) concluded trading on Thursday at a closing price of $2.85, with 80.64 million shares of worth about $229.83 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -94.91% during that period and on January 16, 2025 the price saw a gain of about 21.28%. Currently the company’s common shares owned by public are about 2.40M shares, out of which, 2.40M shares are available for trading.

Stock saw a price change of 4.40% in past 5 days and over the past one month there was a price change of -40.25%. Year-to-date (YTD), WHLR shares are showing a performance of -15.43% which decreased to -98.30% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.28 but also hit the highest price of $190.73 during that period. The average intraday trading volume for Wheeler Real Estate Investment Trust Inc shares is 502.78K. The stock is currently trading -16.79% below its 20-day simple moving average (SMA20), while that difference is down -59.88% for SMA50 and it goes to -93.48% lower than SMA200.

Wheeler Real Estate Investment Trust Inc (NASDAQ: WHLR) currently have 2.40M outstanding shares and institutions hold larger chunk of about 2.99% of that.

The stock has a current market capitalization of $6.84M and its 3Y-monthly beta is at 1.56. 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 30.66% while standing at 20.31% over the month.

Analysts are in expectations that Wheeler Real Estate Investment Trust Inc (WHLR) stock would likely to be making an EPS of 0 in the current quarter, while forecast for next quarter EPS is 0 and it is 0 for next year. For the current quarter EPS, analysts have given the company a lowest target 0 which is 0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -4019.76 in the same quarter a year ago.

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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