Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) price on current trading day, rose 98.96% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $13.39.
A look at the stock’s price movement, the close in the last trading session was $6.73, moving within a range at $6.95 and $17.99. The beta value (5-Year monthly) was 1.531. Turning to its 52-week performance, $1126.80 and $2.90 were the 52-week high and 52-week low respectively. Overall, WHLR moved 294.99% over the past month.
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Wheeler Real Estate Investment Trust Inc’s market cap currently stands at around $8.30 million, with investors looking forward to this quarter’s earnings report slated for in November.
Turning to the stock’s technical picture we see that short term indicators suggest on average that WHLR is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
WHLR’s current price about -13.50% and 4.13% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.19, while 7-day volatility ratio is 48.10% and 65.53% in the 30-day chart. Further, Wheeler Real Estate Investment Trust Inc (WHLR) has a beta value of 1.61, and an average true range (ATR) of 5.12.
If we refocus on Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR), historical trading data shows that trading volumes averaged 2.55 over the past 10 days and 1.40 million over the past 3 months. The company’s latest data on shares outstanding shows there are 0.62 million shares.
The 0.38% of Wheeler Real Estate Investment Trust Inc’s shares are in the hands of company insiders while institutional holders own 19.62% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.16 million on 2024-09-13, giving us a short ratio of 0.05. The data shows that as of 2024-09-13 short interest in Wheeler Real Estate Investment Trust Inc (WHLR) stood at 2970.0002 of shares outstanding, with shares short rising to 11195.0 registered in 2024-08-15. Current price change has pushed the stock -87.81% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the WHLR stock continues to rise going into the next quarter.
