As of Friday close, Warby Parker Inc.’s (NYSE:WRBY) stock was up $0.32, moving up 2.67 percent to $12.29. The average number of shares traded per day over the past five days has been 947,560 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.94 fall in that time frame. In the last twenty days, the average volume was 950,595, while in the previous 50 days, it was 1,040,178.
Since last month, WRBY stock retreated -15.53%. Shares of the company fell to $11.81 on 08/18/23, the lowest level in the past month. A 52-week high of $18.99 was reached on 02/02/23 after having rallying from a 52-week low of $9.50. Since the beginning of this year, WRBY’s stock price has dropped by -8.90% or -$1.20, and marked a new high 6 times. However, the stock has declined by -35.28% since its 52-week high.
WRBY stock investors should be aware that Warby Parker Inc. (WRBY) stock had its last reported insider trading activity 5 days ago on Aug 14. Briggs Teresa, the Director of the company, disposed of 9,720 shares for $12.94 on Aug 14. It resulted in a $125,788 divestment by the insider. Durable Capital Partners LP sold 24,151 shares at an average price of $11.91 on Jun 22. The insider now owns 10,093,098 shares following the transaction. On Jun 21, 10% Owner Durable Capital Partners LP sold 218,088 shares at $11.91 apiece. The transaction was valued at $2,597,105.
Valuation Metrics
The stock’s beta is 2.03. Besides these, the trailing price-to-sales (P/S) ratio of 2.30, the price-to-book (PB) ratio of 4.75.
Financial Health
In the three months ended June 29, Warby Parker Inc.’s quick ratio stood at 2.10, while its current ratio was 2.60, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 55.30% percent. In the year ended June 29, EBITDA margin amounted to -13.26%, whereas operating margins totaled -12.00%. 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 -24.20%.
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 9.67% to $171.97 million during the quarter, while net income inched up to $165.64 million. While analysts expected Warby Parker Inc. to report $0.02 quarterly earnings, the actual figure was $0.04 per share. During the quarter, the company generated -$8.48 million in EBITDA. The liabilities of Warby Parker Inc. were 259.65 million at the end of its most recent quarter ended June 29, and its total debt was $170.35 million. The value of shareholders’ equity is $117.1 million.
Technical Picture
This quick technical analysis looks at Warby Parker Inc.’s (WRBY) price momentum. With a historical volatility rate of 25.03%, the RSI 9-day stood at 28.31% on 18 August.
With respect to its five-day moving average, the current Warby Parker Inc. price is down by -7.11% percent or -$0.94. At present, WRBY shares trade -14.06% below its 20-day simple moving average and +24.52% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.33% above its SMA50 and -23.43% below its SMA200.
Stochastic coefficient K was 4.53% and Stochastic coefficient D was 2.68%, while ATR was 0.70. Given the Stochastic reading of 10.26% for the 14-day period, the RSI (14) reading has been calculated as 35.29%. As of today, the MACD Oscillator reading stands at -0.77, while the 14-day reading stands at -1.41.
Analyst Ratings
William Blair launched its rating on Warby Parker Inc. (NYSE: WRBY) to a Mkt perform in a note to investors on June 27, 2023. Warby Parker Inc. (WRBY) has been rated Overweight by analysts. According to 0 brokerage firms, WRBY is a sell, and 9 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 $15.00, 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 $16.00.
