Buying Wayfair Inc. (W) Stock Is A Smart Move Today?

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MDVL Stock
MDVL Stock

Wayfair Inc. (NYSE:W) finished Wednesday with a subtraction of -$0.62 to close at $42.32, a downside of -1.44 percent. An average of 4,405,780 shares of common stock have been traded in the last five days. There was a fall of -$7.72 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 3,853,420 shares traded, while the 50-day average volume stands at 3,780,084.

W stock has decreased by -22.09% in the last month. The company shares reached their 1-month lowest point of $41.89 on 09/21/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $42.67 and a high of $298.00 in 52 weeks. It has reached a new high 2 times so far this year and lost -77.72% or -$147.65 in price. In spite of this, the price is down -85.80% from the 52-week high.


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Insider Transactions

6 days have passed since Wayfair Inc. (W) last reported insider trading activity. Oblak Steve, who is Chief Commercial Officer, most recently acquired $1,687 shares at $46.59 per share on Sep 16. In this transaction, the insider spent $78,597. Chief Operating Officer, Netzer Thomas, disposed of 279 shares at a price of $46.58 on Sep 16. The insider now owns more than $12,996 worth of shares. Prior to that, Director Schaferkordt Anke went on to Sale 11 shares at $51.19 each on Sep 02. An amount of $563 was transacted.

Valuation Metrics

Wayfair Inc. (W) stock’s beta is 2.88. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.38.

Financial Health

The quick ratio of Wayfair Inc. for the three months ended June 29 was 1.10, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Its gross profit as reported stood at $3.9 billion compared to revenue of $13.71 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Wayfair Inc.’s return on assets was -22.50%.

Earnings Surprise

For the three-month period that ended June 29, Wayfair Inc. had $644.0 million in cash and short-term investments compared to $3.05 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$378.0 million in the quarter, while revenues were grew 134.51%. The analyst consensus anticipated Wayfair Inc.’s latest quarter earnings to come in at -$1.89 per share, but it turned out to be -$1.94, a -2.60% surprise. For the quarter, EBITDA amounted to -$279.0 million. Shareholders own equity worth $106.2 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Wayfair Inc. (W) price momentum. RSI 9-day as of the close on 21 September was 30.74%, suggesting the stock is Neutral, with historical volatility in this time frame at 93.84%.

As of today, W’s price is $44.97 -15.43% or -$7.72 from its 5-day moving average. W is currently trading -21.70% lower than its 20-day SMA and -49.25% lower than its 100-day SMA. However, the stock’s current price level is -16.63% below the SMA50 and -81.95% below the SMA200.

The stochastic %K and %D were 6.33% and 7.83%, respectively, and the average true range (ATR) was 4.09. With the 14-day stochastic at 2.98% and the average true range at 4.45, the RSI (14) stands at 36.01%. The stock has reached -4.29 on the 9-day MACD Oscillator while the 14-day reading was at -4.89.

Analyst Ratings

The consensus rating for Wayfair Inc. (W) among analysts is Hold. According to current brokerage recommendations, 6 brokerage firms advise that investors sell W, while 13 suggest investors hold. There are 2 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 10 others rate it as a “buy”.

What is W’s price target for the next 12 months?

Analysts predict a range of price targets between $40.00 and $150.00, with a median target of $65.00. Taking a look at these predictions, the average price target given by analysts for Wayfair Inc. (W) stock is $72.52.

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