Warby Parker Inc (NYSE:WRBY) saw a downside of -1.79% to $12.31 after subtracting -$0.23 on Wednesday. The 5-day average trading volume is 1,298,133 shares of the company’s common stock. It has gained $12.75 in the past week and touched a new high 4 times within the past 5 days. An average of 1,012,673 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 978,837.
WRBY’s 1-month performance is 6.07% or $0.77 on its low of $11.56 reached on 08/28/23. The company’s shares have touched a 52-week low of $9.50 and high of $18.99, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, WRBY has lost -8.71% or -$1.10 and has reached a new high 6 times. However, the current price is down -35.15% from the 52-week high price.
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Insider Transactions
WRBY stock investors last saw insider trading activity on Sep 08.Miller Steven Clive (Chief Financial Officer) most recently sold 7,607 shares at $11.92 per share on Sep 08. This transaction cost the insider $90,675. Co-Chief Executive Officer, Blumenthal Neil Harris, sold 5,016 shares at a price of $11.92 on Sep 08. Then, on Sep 08, Co-Chief Executive Officer Gilboa David Abraham sold 5,016 shares at a price of $11.92 per share. This transaction amounted to $59,791.
Valuation Metrics
WRBY stock has a beta of 1.88. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.27 while the price-to-book (PB) in the most recent quarter is 4.75.
Warby Parker Inc’s quick ratio for the period ended June 29 was 2.07, with the current ratio over the same period at 2.61. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.49, while the total debt to equity was 0.56. In terms of profitability, the gross margin trailing 12 months is 53.92%. The trailing 12-month EBITDA margin is -13.26% while for the period ending June 29, Warby Parker Inc’s operating margin was -12.01%. The firm’s gross profit as reported stood at $341.06 million against revenue of $598.11 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -101.95% to -$15.93 million, while revenue of -$10.81 million was 32.14% off the previous quarter. Analysts expected WRBY to announce $0.02 per share in earnings in its latest quarter, but it posted $0.04, representing a 100.00% surprise. EBITDA for the quarter stood at more than -$8.48 million. WRBY stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 259.65 million, with total debt at $170.35 million. Shareholders hold equity totaling $117.1 million.
Let’s look briefly at Warby Parker Inc (WRBY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 51.84% to suggest the stock is trending Neutral, with historical volatility in this time period at 27.76%.
The stock’s 5-day moving average is $12.40, reflecting a +1.85% or $0.23 change from its current price. WRBY is currently trading +1.93% above its 20-day SMA, +9.99% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -13.27% and SMA200 by-25.93%.
Stochastic %K and %D was 57.07% and 55.41% and the average true range (ATR) pointed at 0.47. The RSI (14) points at 49.70%, while the 14-day stochastic is at 45.08% with the period’s ATR at 0.49. The stock’s 9-day MACD Oscillator is pointing at 0.16 and 0.18 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Warby Parker Inc (NYSE: WRBY), UBS launched coverage with a Neutral rating. Analysts offering their rating for WRBY stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate WRBY as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 4 have offered a “buy” rating.
What is WRBY’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $12.00 and a high of $22.00, with their median price target at $14.50. Looking at these predictions, the average price target given by analysts is for Warby Parker Inc (WRBY) stock is $15.75.
