The price of Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) shares last traded on Wall Street fell -13.06% to $2.33.
WHLR stock price is now -21.13% away from the 50-day moving average and -87.46% away from the 200-day moving average. The market capitalization of the company currently stands at $6.59M.
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With the price target reduced from $13 to $9, B. Riley FBR Inc. maintained Buy rating for Wheeler Real Estate Investment Trust Inc (NASDAQ: WHLR). On January 17, 2018, B. Riley FBR Inc. reiterated its ‘Buy’ rating on the stock and kept its target price maintained at $13, while ‘Compass Point’ rates the stock as ‘Neutral’
In other news, STILWELL JOSEPH, Director bought 200,000 shares of the company’s stock on Dec 21 ’23. The stock was bought for $56,940 at an average price of $0.28. Upon completion of the transaction, the Director now directly owns 15,179,309 shares in the company, valued at $35.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 20 ’23, Director STILWELL JOSEPH bought 319,238 shares of the business’s stock. A total of $90,951 was incurred on buying the stock at an average price of $0.28. This leaves the insider owning 15,041,309 shares of the company worth $35.05 million. A total of 4.55% of the company’s stock is owned by insiders.
During the past 12 months, Wheeler Real Estate Investment Trust Inc has had a low of $1.47 and a high of $226.08. The fifty day moving average price for WHLR is $2.95414 and a two-hundred day moving average price translates $18.585535 for the stock.
The latest earnings results from Wheeler Real Estate Investment Trust Inc (NASDAQ: WHLR) was released for 2024-03-31. The net profit margin was -33.75% and return on equity was -13.71% for WHLR. The company reported revenue of $25.87 million for the quarter, compared to $26.07 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.74 percent.
