Wayfair Inc (NYSE:W) saw a downside of -4.16% to close Tuesday at $56.86 after subtracting -$2.47 on the day. The 5-day average trading volume is 2,517,360 shares of the company’s common stock. It has gained $66.08 in the past week and touched a new high 1 time within the past 5 days. An average of 2,831,065 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,784,680.
W’s 1-month performance is -12.78% or -$8.33 on its low of $56.66 reached on 09/26/23. 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 72.88% or $23.97 and has reached a new high 18 times. However, the current price is down -37.32% from the 52-week high price.
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Insider Transactions
W stock investors last saw insider trading activity on Sep 18.Oblak Steve (Chief Commercial Officer) most recently sold 2,000 shares at $69.36 per share on Sep 18. This transaction cost the insider $138,720. Chief Operating Officer, Netzer Thomas, sold 985 shares at a price of $69.51 on Sep 18. Then, on Sep 07, Chief Executive Officer Shah Niraj sold 10,000 shares at a price of $70.37 per share. This transaction amounted to $703,676.
Valuation Metrics
W stock has a beta of 3.19. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.55.
Wayfair Inc’s quick ratio for the period ended June 29 was 0.86, with the current ratio over the same period at 0.90.. In terms of profitability, the gross margin trailing 12 months is 27.12%. The trailing 12-month EBITDA margin is -7.72% while for the period ending June 29, Wayfair Inc’s operating margin was -9.10%. 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 26 September was 19.45% to suggest the stock is trending oversold, with historical volatility in this time period at 51.68%.
The stock’s 5-day moving average is $59.94, reflecting a -10.63% or -$6.76 change from its current price. W is currently trading -10.86% above its 20-day SMA, +81.72% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -19.46% and SMA200 by+59.67%.
Stochastic %K and %D was 3.52% and 4.19% and the average true range (ATR) pointed at 3.35. The RSI (14) points at 28.99%, while the 14-day stochastic is at 1.09% with the period’s ATR at 3.50. The stock’s 9-day MACD Oscillator is pointing at -4.72 and -7.81 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Wayfair Inc (NYSE: W), Bernstein upgraded it to a Mkt perform rating. They previously had an Underperform rating on the stock. 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 18 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 16 have offered a “buy” rating.
What is W’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $55.00 and a high of $114.00, with their median price target at $96.00. Looking at these predictions, the average price target given by analysts is for Wayfair Inc (W) stock is $88.72.
