The stock of Warby Parker Inc. (NYSE:WRBY) decreased by -$0.26 on Friday to finish at $13.23, down -1.93 percent. The last five days have seen an average of 1,039,960 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$0.26. The average number of shares traded over the last 20 days was 994,755, while the average volume over the last 50 days totaled 1,034,506.
WRBY stock appreciated 1.53% since last month. On 07/14/23, the company’s shares reached a one-month low of $12.57. The stock touched a high of $18.99 on 02/02/23, after rallying from a low of $9.50 in 52 weeks. The price of WRBY stock has declined by -1.93% or -$0.26 this year, reaching a new high 6 times. Still, the stock price is down -30.33% from the 52-week high.
Insider Transactions
WRBY stock investors should be aware that Warby Parker Inc. (WRBY) stock had its last reported insider trading activity 53 days ago on Jun 22. On Jun 22, 10% Owner Durable Capital Partners LP sold 24,151 shares at $11.91 each. This transaction resulted in the insider making $287,638. On Jun 21, Durable Capital Partners LP sold 218,088 shares at a price of US$11.91. After the transaction, the insider now owns 10,117,249 shares. 10% Owner Durable Capital Partners LP had earlier sold 2,522 shares on Jun 20 for $11.90 a share. The transaction was completed for $30,012.
Valuation Metrics
Beta for the stock is 1.99. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.47, the price-to-book (PB) ratio of 5.11.
Financial Health
For the three months ended June 29, Warby Parker Inc.’s quick ratio was 2.10, while its current ratio was 2.60, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 55.30% percent. Warby Parker Inc.’s EBITDA margin for the year ended June 29 was -13.26%, whereas its operating margin stood at -12.00% for the same period. Based on annual data, it had gross profit of $341.06 million and revenue of $598.11 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. WRBY’s return on assets (ROA) during the last 12 months has been -12.70%. There was a -39.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -24.20%.
Earnings Surprise
According to Warby Parker Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $165.64 million, while revenues rose by 9.67% to $171.97 million. It was predicted that Warby Parker Inc.’s quarterly earnings would be $0.04, but it ended up being $0.02. EBITDA was -$8.48 million for the quarter. At the end of Warby Parker Inc.’s most recent quarter ended June 29, its liabilities totaled 259.65 million, while its total debt was $170.35 million. Equity owned by shareholders amounts to $117.1 million.
Technical Picture
Here’s a quick look at Warby Parker Inc.’s (WRBY) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 30.77%, suggesting the stock is Neutral, with a 28.06% historical volatility rate.
The stochastic %K and %D were 7.59% and 22.58% respectively, while the average true range (ATR) was 0.84. Based on the 14-day stochastic reading of 5.78%, the RSI (14) reading is 41.41%. On the 9-day MACD Oscillator, the stock is at -0.78, and the 14-day reading is at -0.91.
Analyst Ratings
In its analyst report released on June 27, 2023, William Blair began covering Warby Parker Inc. (NYSE: WRBY). The stock was rated as a Mkt perform by the brokerage firm. Analysts have assigned Warby Parker Inc. (WRBY) an Overweight rating. WRBY is a stock that is recommended for selling by 0 brokerage firms, while 9 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 4 others recommend it as a buy.
What is WRBY’s price target for the next 12 months?
The current consensus forecast for the stock is between $12.00 and $22.00, with a median target price of $15.00. In analyzing these forecasts, the average price target given by analysts for Warby Parker Inc. (WRBY) is $16.00.
