Wayfair Inc. (NYSE:W) saw a downside of -6.70% to close Tuesday at $65.31 after subtracting -$4.69 on the day. The 5-day average trading volume is 3,145,740 shares of the company’s common stock. It has gained $76.67 in the past week and touched a new high 1 time within the past 5 days. An average of 5,075,460 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,983,806.
W’s 1-month performance is -5.92% or -$5.71 on its low of $65.26 reached on 08/22/23. The company’s shares have touched a 52-week low of $28.11 and high of $90.71, with the stock’s rally to the 52-week high happening on 08/03/23. YTD, W has achieved 98.57% or $32.42 and has reached a new high 18 times. However, the current price is down -28.00% from the 52-week high price.
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Insider Transactions
W stock investors last saw insider trading activity on Aug 03.Netzer Thomas (Chief Operating Officer) most recently sold 5,000 shares at $85.00 per share on Aug 03. This transaction cost the insider $425,000. Director, Schaferkordt Anke, sold 679 shares at a price of $73.10 on Aug 02. Then, on Jul 05, Chief Technology Officer Tan Fiona sold 24,069 shares at a price of $64.13 per share. This transaction amounted to $1,543,480.
Valuation Metrics
W stock has a beta of 3.16. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.63.
Wayfair Inc.’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 0.90.. In terms of profitability, the gross margin trailing 12 months is 29.40%. The trailing 12-month EBITDA margin is -7.72% while for the period ending June 29, Wayfair Inc.’s operating margin was -8.40%. The firm’s gross profit as reported stood at $3.42 billion against revenue of $12.22 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -721.74% to -$46.0 million, while revenue of -$355.0 million was -671.74% off the previous quarter. Analysts expected W to announce -$0.74 per share in earnings in its latest quarter, but it posted $0.21, representing a 128.40% surprise. EBITDA for the quarter stood at more than -$38.0 million. W stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 6.08 million, with total debt at $4.07 billion. Shareholders hold equity totaling $115.95 million.
Let’s look briefly at Wayfair Inc. (W) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 32.06% to suggest the stock is trending Neutral, with historical volatility in this time period at 53.80%.
The stock’s 5-day moving average is $69.99, reflecting a -14.97% or -$11.50 change from its current price. W is currently trading -4.96% above its 20-day SMA, +95.66% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +25.36% and SMA200 by+83.46%.
Stochastic %K and %D was 5.89% and 7.31% and the average true range (ATR) pointed at 4.53. The RSI (14) points at 40.33%, while the 14-day stochastic is at 0.20% with the period’s ATR at 4.50. The stock’s 9-day MACD Oscillator is pointing at -3.97 and -7.16 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Wayfair Inc. (NYSE: W), Oppenheimer reiterated its an Outperform rating for the company but lifted their price target by $70 to $100. Analysts offering their rating for W stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate W as a “sell,”, while 16 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 17 have offered a “buy” rating.
