We recently compiled a list of the 10 Stocks Trade Weaker on Disappointing News. In this article, we are going to take a look at where Waystar Holding Corp. (NASDAQ:WAY) stands against the other stocks.

Wall Street finished the trading week on a strong note, with all major indices recording gains as investors digested the latest US jobs data, which fell short of expectations.

The tech-heavy Nasdaq posted the largest gain with 0.70 percent, followed by the S&P 500 with 0.55 percent, and the Dow Jones by 0.52 percent.

Ten companies across mixed sectors bucked a wider market optimism, ending Friday in the red territory. In this article, we have listed the 10 worst-performing names and detailed the reasons behind their performance.

To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A computer engineer seated in front of several connected consoles, illustrating the depth of cloud services offered by the company.

Waystar Holding Corp. (NASDAQ:WAY)

Waystar Holding Corp. (NASDAQ:WAY) dropped its share prices by 7.99 percent on Friday to close at $37.42 each amid the lack of fresh catalysts to boost buying appetite.

In recent news, the company which provides payment software solutions to healthcare firms, reported impressive earnings performance last year, having swung to a net income of $19.08 million in the last quarter of 2024 from a $14 million net loss in the same period a year earlier.

Net loss for the full year also narrowed markedly by 63 percent to $19 million from $51 million in 2023.

Revenues also grew by 18 percent during the quarter at $244 million from $207 million, while revenues for the full year grew 19 percent to $943 million from $791 million year-on-year.

For this year, Waystar Holding Corp. (NASDAQ:WAY) expects revenues to settle between $1 billion and $1.016 billion.

Overall WAY ranks 4th on our list of Friday's worst performers. While we acknowledge the potential of WAY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WAY but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

 

Disclosure: None. This article is originally published at Insider Monkey.