Does Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) warrant a purchase right now? What to Consider Before Making a Decision

Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) shares traded -17.00% lower at $0.23 on Wall Street last session.

In accordance with the data, 1 analysts cover Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $50.00 and a low of $50.00, we find $50.00. Given the previous closing price of $0.28, this indicates a potential upside of 17757.14 percent. WHLR stock price is now -89.77% away from the 50-day moving average and -97.11% away from the 200-day moving average. The market capitalization of the company currently stands at $0.23M.

It has been rated a hold by 1 analysts and a buy by 0. Brokers who have rated the stock have averaged $50.00 as their price target over the next twelve months.

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).

In other news, Steamboat Capital Partners, LL, 10% Owner sold 274,302 shares of the company’s stock on Nov 07. The stock was sold for $86,433 at an average price of $0.32. Upon completion of the transaction, the 10% Owner now directly owns 5,998 shares in the company, valued at $1379.54. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 09, Former 10% beneficial owner Corbin Capital Partners, L.P. sold 254,961 shares of the business’s stock. A total of $263,732 was realized by selling the stock at an average price of $1.03. This leaves the insider owning 264,523 shares of the company worth $60840.29. Insiders disposed of 3,000 shares of company stock worth roughly $690.0 over the past 1 year. A total of 37.89% of the company’s stock is owned by insiders.

Wheeler Real Estate Investment Trust Inc (NASDAQ: WHLR) opened at $0.2950 on Thursday. During the past 12 months, Wheeler Real Estate Investment Trust Inc has had a low of $0.27 and a high of $19.90. The fifty day moving average price for WHLR is $2.2950 and a two-hundred day moving average price translates $8.1118 for the stock.

The latest earnings results from Wheeler Real Estate Investment Trust Inc (NASDAQ: WHLR) was released for Sep, 2023. The net profit margin was -24.70% and return on equity was -17.14% for WHLR. The company reported revenue of $25.2 million for the quarter, compared to $18.72 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 34.65 percent.

Wheeler Real Estate Investment Trust Inc(WHLR) Company Profile

Headquartered in Virginia Beach, Virginia, Wheeler Real Estate Investment Trust, Inc. is a fully integrated, self-managed commercial real estate investment trust (REIT) focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers.

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