Last Week, Warby Parker Inc. (WRBY) Recorded A Gain Of $50.68

As of Friday close, Warby Parker Inc.’s (NYSE:WRBY) stock was down -$0.18, moving down -1.43 percent to $12.43. The average number of shares traded per day over the past five days has been 1,280,100 shares. 3 times new highs have been achieved over the past 5 days, with a $0.04 gain in that time frame. In the last twenty days, the average volume was 1,168,190, while in the previous 50 days, it was 1,783,604.

Since last month, WRBY stock rose 2.90%. Shares of the company fell to $10.86 on 07/06/22, the lowest level in the past month. Since the beginning of this year, WRBY’s stock price has dropped by -73.30% or -$34.13, and marked a new high 1 time. However, the stock has declined by -79.39% since its 52-week high.

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Warby Parker Inc. (WRBY) last reported insider trading activity 54 days ago on Jun 13. Miller Steven Clive, the Chief Financial Officer of the company, disposed of 7,053 shares for $13.42 on Jun 13. It resulted in a $94,663 divestment by the insider. Gilboa David Abraham sold 5,224 shares at an average price of $14.64 on Jun 10. The insider now owns 235 shares following the transaction. On Jun 10, Co-Chief Executive Officer Blumenthal Neil Harris sold 5,224 shares at $14.64 apiece. The transaction was valued at $76,479.

Financial Health

In the three months ended March 30, Warby Parker Inc.’s quick ratio stood at 1.90, while its current ratio was 2.40, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 58.30% 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 $153.22 million. While analysts expected Warby Parker Inc. to report $0.01 quarterly earnings, the actual figure was -$0.03 per share. During the quarter, the company generated -$26.6 million in EBITDA. The liabilities of Warby Parker Inc. were 263.78 million at the end of its most recent quarter ended March 30, and its total debt was $151.34 million. The value of shareholders’ equity is $114.94 million.

Technical Picture

This quick technical analysis looks at Warby Parker Inc.’s (WRBY) price momentum. With a historical volatility rate of 64.60%, the RSI 9-day stood at 52.35% on 05 August.

With respect to its five-day moving average, the current Warby Parker Inc. price is up by +0.32% percent or $0.04. At present, WRBY shares trade +6.88% above its 20-day simple moving average and -46.51% percent below its 100-day simple moving average. However, the stock is currently trading approximately -21.33% below its SMA50 and -78.34% below its SMA200.

Stochastic coefficient K was 72.99% and Stochastic coefficient D was 67.37%, while ATR was 0.70. Given the Stochastic reading of 56.59% for the 14-day period, the RSI (14) reading has been calculated as 48.63%. As of today, the MACD Oscillator reading stands at 0.39, while the 14-day reading stands at 0.34.

With a median target price of $18.50, the current consensus forecast for the stock is $11.00 – $30.00. Based on these forecasts, analysts predict Warby Parker Inc. (WRBY) will achieve an average price target of $19.90.


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