As of Friday close, Warby Parker Inc.’s (NYSE:WRBY) stock was down -$0.5, moving down -4.91 percent to $9.69. The average number of shares traded per day over the past five days has been 1,886,460 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.35 fall in that time frame. In the last twenty days, the average volume was 1,525,555, while in the previous 50 days, it was 1,131,702.
Since last month, WRBY stock retreated -34.48%. Shares of the company fell to $9.68 on 03/17/23, the lowest level in the past month. A 52-week high of $36.57 was reached on 02/02/23 after having rallying from a 52-week low of $10.02. Since the beginning of this year, WRBY’s stock price has dropped by -28.17% or -$3.80, and marked a new high 6 times. However, the stock has declined by -73.50% since its 52-week high.
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WRBY stock investors should be aware that Warby Parker Inc. (WRBY) stock had its last reported insider trading activity 5 days ago on Mar 13. Miller Steven Clive, the Chief Financial Officer of the company, disposed of 8,251 shares for $10.89 on Mar 13. It resulted in a $89,818 divestment by the insider. Blumenthal Neil Harris sold 6,517 shares at an average price of $11.04 on Mar 10. The insider now owns 106 shares following the transaction. On Mar 10, Co-Chief Executive Officer Gilboa David Abraham sold 6,517 shares at $11.04 apiece. The transaction was valued at $71,948.
In the three months ended December 30, Warby Parker Inc.’s quick ratio stood at 1.70, while its current ratio was 2.30, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 57.00% percent. In the year ended December 30, operating margins totaled -18.60%. Based on annual data, WRBY earned $341.06 million in gross profit and brought in $598.11 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -39.00%. Return on equity (ROE) for the past 12 months was -39.00%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. WRBY’s revenue rose 193.77% to $148.78 million during the quarter, while net income inched up to $146.49 million. While analysts expected Warby Parker Inc. to report $0 quarterly earnings, the actual figure was $0 per share. During the quarter, the company generated -$12.79 million in EBITDA. The liabilities of Warby Parker Inc. were 282.06 million at the end of its most recent quarter ended December 30, and its total debt was $173.38 million. The value of shareholders’ equity is $115.96 million.
This quick technical analysis looks at Warby Parker Inc.’s (WRBY) price momentum. With a historical volatility rate of 17.96%, the RSI 9-day stood at 10.87% on 17 March.
With respect to its five-day moving average, the current Warby Parker Inc. price is down by -12.23% percent or -$1.35. At present, WRBY shares trade -28.75% below its 20-day simple moving average and -31.08% percent below its 100-day simple moving average. However, the stock is currently trading approximately -36.87% below its SMA50 and -42.93% below its SMA200.
Stochastic coefficient K was 4.75% and Stochastic coefficient D was 6.85%, while ATR was 0.65. Given the Stochastic reading of 0.26% for the 14-day period, the RSI (14) reading has been calculated as 18.30%. As of today, the MACD Oscillator reading stands at -0.85, while the 14-day reading stands at -1.39.
Warby Parker Inc. downgraded its rating on Warby Parker Inc. (NYSE: WRBY) to a Neutral in a note to investors on March 01, 2023. The analysts firm previously had a Buy rating on the stock.Warby Parker Inc. (WRBY) has been rated Overweight by analysts. According to 0 brokerage firms, WRBY is a sell, and 7 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 $17.00, the current consensus forecast for the stock is $12.00 – $22.00. Based on these forecasts, analysts predict Warby Parker Inc. (WRBY) will achieve an average price target of $16.55.