As of Friday close, Wayfair Inc.’s (NYSE:W) stock was down -$1.19, moving down -1.97 percent to $59.34. The average number of shares traded per day over the past five days has been 2,965,740 shares. 1 time new highs have been achieved over the past 5 days, with a -$11.66 fall in that time frame. In the last twenty days, the average volume was 2,786,960, while in the previous 50 days, it was 3,836,500.
Since last month, W stock retreated -11.97%. Shares of the company fell to $59.13 on 09/22/23, the lowest level in the past month. A 52-week high of $90.71 was reached on 08/03/23 after having rallying from a 52-week low of $28.11. Since the beginning of this year, W’s stock price has risen by 80.42% or $26.45, and marked a new high 18 times. However, the stock has declined by -34.58% since its 52-week high.
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W stock investors should be aware that Wayfair Inc. (W) stock had its last reported insider trading activity 5 days ago on Sep 18. Oblak Steve, the Chief Commercial Officer of the company, disposed of 2,000 shares for $69.36 on Sep 18. It resulted in a $138,720 divestment by the insider. Netzer Thomas sold 985 shares at an average price of $69.51 on Sep 18. The insider now owns 105,468 shares following the transaction. On Sep 07, Chief Executive Officer Shah Niraj sold 10,000 shares at $70.37 apiece. The transaction was valued at $703,676.
Financial Health
In the three months ended June 29, Wayfair Inc.’s quick ratio stood at 0.90, while its current ratio was 0.90, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 29.40% percent. In the year ended June 29, EBITDA margin amounted to -7.72%, whereas operating margins totaled -8.40%. Based on annual data, W earned $3.42 billion in gross profit and brought in $12.22 billion 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 -221.50%. Return on equity (ROE) for the past 12 months was 39.90%.
In Wayfair Inc.’s quarter-end financial report for June 29, it reported total debt of $3.21 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. W’s revenue fell -3.56% to $2.77 billion during the quarter, while net income inched up to $3.17 billion. While analysts expected Wayfair Inc. to report -$0.74 quarterly earnings, the actual figure was $0.21 per share, beating the consensus estimate by 128.40%. During the quarter, the company generated -$38.0 million in EBITDA. The liabilities of Wayfair Inc. were 6.08 million at the end of its most recent quarter ended June 29, and its total debt was $4.07 billion. The value of shareholders’ equity is $115.95 million.
Technical Picture
This quick technical analysis looks at Wayfair Inc.’s (W) price momentum. With a historical volatility rate of 50.69%, the RSI 9-day stood at 23.23% on 22 September.
With respect to its five-day moving average, the current Wayfair Inc. price is down by -16.42% percent or -$11.66. At present, W shares trade -10.04% below its 20-day simple moving average and +83.89% percent above its 100-day simple moving average. However, the stock is currently trading approximately -17.79% below its SMA50 and +53.97% above its SMA200.
Stochastic coefficient K was 5.13% and Stochastic coefficient D was 7.82%, while ATR was 3.59. Given the Stochastic reading of 1.29% for the 14-day period, the RSI (14) reading has been calculated as 32.13%. As of today, the MACD Oscillator reading stands at -5.08, while the 14-day reading stands at -7.37.
Analyst Ratings
Bernstein upgraded its rating on Wayfair Inc. (NYSE: W) to a Mkt perform in a note to investors on Sep-23-23. The analysts firm previously had an Underperform rating on the stock.Wayfair Inc. (W) has been rated Overweight by analysts. According to 1 brokerage firm, W is a sell, and 18 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Wayfair Inc. stock as buy, with 16 recommending it as overweight.
With a median target price of $96.00, the current consensus forecast for the stock is $55.00 – $114.00. Based on these forecasts, analysts predict Wayfair Inc. (W) will achieve an average price target of $89.24.
