The Insider Activity Of Warby Parker Inc. (WRBY) Should Not Be Ignored

As of Friday close, Warby Parker Inc.’s (NYSE:WRBY) stock was up $0.24, moving up 1.40 percent to $17.44. The average number of shares traded per day over the past five days has been 3,625,840 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.96 fall in that time frame. In the last twenty days, the average volume was 1,853,910, while in the previous 50 days, it was 1,801,048.

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Since last month, WRBY stock retreated -40.52%. Shares of the company fell to $15.02 on 05/12/22, the lowest level in the past month. Since the beginning of this year, WRBY’s stock price has dropped by -62.54% or -$29.12, and marked a new high 1 time. However, the stock has declined by -71.08% since its 52-week high.

Warby Parker Inc. (WRBY) last reported insider trading activity 54 days ago on Mar 21. Briggs Teresa, the Director of the company, disposed of 19,325 shares for $30.01 on Mar 21. It resulted in a $579,852 divestment by the insider. Miller Steven Clive sold 7,696 shares at an average price of $24.49 on Mar 11. The insider now owns 157,444 shares following the transaction. On Mar 10, Co-Chief Executive Officer Blumenthal Neil Harris sold 5,393 shares at $25.00 apiece. The transaction was valued at $134,825.

Financial Health

In the three months ended September 29, Warby Parker Inc.’s quick ratio stood at 2.30, while its current ratio was 2.80, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 58.80% percent. Based on annual data, WRBY earned $317.75 million in gross profit and brought in $540.8 million in revenue.

WRBY’s revenue rose 100.0% to $137.37 million during the quarter, while net income inched up to -$137.37 million. While analysts expected Warby Parker Inc. to report -$0.36 quarterly earnings, the actual figure was $0.03 per share, beating the consensus estimate by 108.30%. The value of shareholders’ equity is $114.93 million.

Technical Picture

This quick technical analysis looks at Warby Parker Inc.’s (WRBY) price momentum. With a historical volatility rate of 93.56%, the RSI 9-day stood at 26.96% on 13 May.

With respect to its five-day moving average, the current Warby Parker Inc. price is down by -18.50% percent or -$3.96. At present, WRBY shares trade -38.11% below its 20-day simple moving average and -60.28% percent below its 100-day simple moving average. However, the stock is currently trading approximately -39.42% below its SMA50.

Stochastic coefficient K was 16.03% and Stochastic coefficient D was 12.61%, while ATR was 2.25. Given the Stochastic reading of 23.94% for the 14-day period, the RSI (14) reading has been calculated as 29.62%. As of today, the MACD Oscillator reading stands at -3.26, while the 14-day reading stands at -4.45.

Analyst Ratings

Stifel launched its rating on Warby Parker Inc. (NYSE: WRBY) to a Hold in a note to investors on March 31, 2022. Warby Parker Inc. (WRBY) has been rated Overweight by analysts. According to 0 brokerage firms, WRBY is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Warby Parker Inc. stock as buy, with 4 recommending it as overweight.

With a median target price of $38.00, the current consensus forecast for the stock is $24.00 – $60.00. Based on these forecasts, analysts predict Warby Parker Inc. (WRBY) will achieve an average price target of $37.67.


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