Waterdrop (NYSE:WDH) Hits New 52-Week High - Time to Buy?

Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $1.95 and last traded at $1.69, with a volume of 2678354 shares changing hands. The stock had previously closed at $1.45.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Waterdrop from a "hold" rating to a "buy" rating in a report on Friday, June 27th.

Waterdrop Stock Performance

The company's 50 day moving average price is $1.40 and its 200-day moving average price is $1.32. The stock has a market cap of $606.79 million, a P/E ratio of 11.33 and a beta of -0.30.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Waterdrop stock. Baader Bank Aktiengesellschaft raised its holdings in Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Free Report) by 28.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,660,910 shares of the company's stock after purchasing an additional 369,325 shares during the quarter. Baader Bank Aktiengesellschaft owned 0.45% of Waterdrop worth $2,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 1.96% of the company's stock.

Waterdrop Company Profile

Waterdrop Inc, through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People's Republic of China. The company offers short-term health and long-term health and life insurance products and services.