5 Reasons Why Waitr Holdings ($WTRH) Can Potentially Moon!

March 2020 Share Of Sales

Unfortunately, COVID-19 isn’t going away any time soon.

While 2020 isn’t the best year for many people and certain businesses, the growth in food delivery services is increasing everyday.

Uber Eats, Postmates, DoorDash, and all of these food delivery services are receiving huge volumes of orders since the start of COVID-19.

By March 2020:

  • Uber Eats increased by 20%
  • Postmates increased by 9%
  • DoorDash increased by 42%

After getting a closer look and eliminating companies to find the golden gem for my watchlist, we discovered Waitr Holdings ($WTRH). In this article, you’ll find the five reasons why $WTRH can be an excellent company to keep your eyes on!


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Read this before continuing: Please note that the information provided by Garbage2Gucci.com isn’t to help investors make financial decisions. It’s always recommended that readers (you) should do their due diligence and invest at their own risk. We help provide market ideas – not financial advice. 

What Is Waitr Holdings? ($WTHR)

$WTRH

Unlike Uber Eats and DoorDash, Waitr Holdings is an on-demand food delivery and order that’s currently in the growth stage. The company has been around since 2013 and started its growth in Lafayette, Louisiana. 

As of now – Waitr has numerous opportunities, benefits, and help provide services to consumers.

  • Restaurants are able to sell on Waitr
  • Job seekers are able to apply and become drivers
  • You can order food through Waitr’s huge selection of restaurants

Stock Market Stats And Info

March 18th, 2020 when $WTRH started its climb.

At the beginning of March 2020, the stock price of WTRH was barely over $1.00. When countries were beginning to shut down, the demand for food-delivery services increased drastically.

This led to a huge increase in orders and earnings for the company, which also gained the attention of many investors.

As of October 9th, 2020 – WTRH is now currently at $3.44 per share with a market cap of $374,000,000. As for the average volume, WTRH trades around 4,129,000 on a daily basis in the market.

An over 200% increased and we believe that it’s not the end. This pandemic isn’t going away.

We believe this company still has great potential despite the fact that they’ve increased over 200%.

Here are five reasons why:


Reason 1. Beating Previous Earnings Report

Since the pandemic, the growth of this company received a tremendous number of sales. For the second quarter of 2020, Waitr’s revenue was reported to be $60.5 million. This is increased by 18% when comparing to the same time last year. Since Waitr is receiving more attention and user sign-ups, there’s a high possibility that the next earnings report could be stronger than before.


Reason 2. Acquirement Of Bite Squad

Another success from Waitr worth mentioning is the company’s acquirement of Bite Squad back in 2018. Waitr was able to acquire Bite Squad for ~$321.3 million. Bite Squad helps connect restaurants to provide online orders for consumers. Without a doubt, this helped Waitr tremendously.


Reason 3. Provides Opportunities For Businesses

Many businesses are closing down due to a lack of funds because of shutdowns happening throughout the United States. Waitr helps businesses by carrying their indoor ordering to online delivery, which increases sales to keep local/big restaurants going. Even on the homepage of Waitr, restaurant owners can find the option to become a restaurant partner.


Reason 4. Waitr Create Jobs

Ever since all of the shutdowns throughout the United States, a great number of people lost their jobs. With Waitr, there are opportunities for delivery drivers to earn in their free time. Since Waitr’s user base is growing at an exponential rate, more drivers will be able to earn.


Reason 5. High Cash On Hand

Another notable mention about Waitr is that they have high cash on hand. Since reported around July of 2020, it was reported that the company has $87.3 million. Not only that but Waitr also paid $10.5 million in debt to decrease their 200 basis points. 


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1 COMMENT

  1. Great information about WTRH! I’ve been following you guys for awhile now. Your Telegram group is extremely helpful. Looking forward to seeing more stock picks from you guys!

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