The stock of Wayfair Inc. (NYSE:W) increased by $3.36 on Monday to finish at $78.36, up 4.48 percent. The last five days have seen an average of 4,199,440 shares of common stock traded. 18 times new highs were reached in the current year, with a gain of $45.47. The average number of shares traded over the last 20 days was 5,184,160, while the average volume over the last 50 days totaled 5,523,110.
W stock appreciated 12.73% since last month. On 07/26/23, the company’s shares reached a one-month low of $66.37. The stock touched a high of $90.71 on 08/03/23, after rallying from a low of $28.11 in 52 weeks. The price of W stock has risen by 138.25% or $45.47 this year, reaching a new high 18 times. Still, the stock price is down -13.61% from the 52-week high.
Insider Transactions
W stock investors should be aware that Wayfair Inc. (W) stock had its last reported insider trading activity 12 days ago on Aug 03. On Aug 03, Chief Operating Officer Netzer Thomas sold 5,000 shares at $85.00 each. This transaction resulted in the insider making $425,000. On Aug 02, Schaferkordt Anke sold 679 shares at a price of US$73.10. After the transaction, the insider now owns 9,286 shares. Chief Technology Officer Tan Fiona had earlier sold 24,069 shares on Jul 05 for $64.13 a share. The transaction was completed for $1,543,480.
Financial Health
For the three months ended June 29, Wayfair Inc.’s quick ratio was 0.90, while its current ratio was 0.90, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 29.40% percent. Wayfair Inc.’s EBITDA margin for the year ended June 29 was -7.72%, whereas its operating margin stood at -8.40% for the same period. Based on annual data, it had gross profit of $3.42 billion and revenue of $12.22 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. W’s return on assets (ROA) during the last 12 months has been -29.90%. There was a -221.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 39.90%.
Earnings Surprise
According to Wayfair Inc.’s quarterly financial report for the quarter that ended June 29, it had $3.21 billion in total debt versus $4.0 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.17 billion, while revenues fell by -3.56% to $2.77 billion. It was predicted that Wayfair Inc.’s quarterly earnings would be $0.21, but it ended up being -$0.74, beating the consensus by 128.40%. EBITDA was -$38.0 million for the quarter. At the end of Wayfair Inc.’s most recent quarter ended June 29, its liabilities totaled 6.08 million, while its total debt was $4.07 billion. Equity owned by shareholders amounts to $115.95 million.
Technical Picture
Here’s a quick look at Wayfair Inc.’s (W) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 56.78%, suggesting the stock is Neutral, with a 100.72% historical volatility rate.
The stochastic %K and %D were 37.11% and 36.83% respectively, while the average true range (ATR) was 5.10. Based on the 14-day stochastic reading of 49.26%, the RSI (14) reading is 58.64%. On the 9-day MACD Oscillator, the stock is at -3.10, and the 14-day reading is at -1.06.
Analyst Ratings
In its most recent analyst report, UBS raised its rating on Wayfair Inc. (NYSE: W) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Wayfair Inc. (W) an Overweight rating. W is a stock that is recommended for selling by 1 brokerage firm, while 16 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 17 others recommend it as a buy.
What is W’s price target for the next 12 months?
The current consensus forecast for the stock is between $55.00 and $139.00, with a median target price of $96.00. In analyzing these forecasts, the average price target given by analysts for Wayfair Inc. (W) is $91.17.
