Warby Parker Inc (NYSE:WRBY) finished Friday with a subtraction of -$0.01 to close at $13.16, a downside of -0.08 percent. An average of 1,647,580 shares of common stock have been traded in the last five days. There was a gain of $0.81 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 1,153,355 shares traded, while the 50-day average volume stands at 1,021,542.
WRBY stock has increased by 9.85% in the last month. The company shares reached their 1-month lowest point of $11.58 on 09/07/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $9.50 and a high of $18.99 in 52 weeks. It has reached a new high 6 times so far this year and lost -2.45% or -$0.33 in price. In spite of this, the price is down -30.70% from the 52-week high.
Insider Transactions
WRBY stock investors should be aware that Warby Parker Inc (WRBY) stock had its last reported insider trading activity 22 days ago on Sep 08. In this transaction, the insider spent $90,675. Co-Chief Executive Officer, Blumenthal Neil Harris, disposed of 5,016 shares at a price of $11.92 on Sep 08. The insider now owns more than $59,791 worth of shares. Prior to that, Co-Chief Executive Officer Gilboa David Abraham went on to Sale 5,016 shares at $11.92 each on Sep 08. An amount of $59,791 was transacted.
Valuation Metrics
Warby Parker Inc (WRBY) stock’s beta is 1.86. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.42, the price-to-book (PB) ratio at 5.08.
Financial Health
The quick ratio of Warby Parker Inc for the three months ended June 29 was 2.07, and the current ratio was 2.61, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.49 and a total debt to equity ratio of 0.56 for the quarter ending June 29. Its gross profit as reported stood at $341.06 million compared to revenue of $598.11 million.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$15.93 million in the quarter, while revenues were shrunk -101.95%. The analyst consensus anticipated Warby Parker Inc’s latest quarter earnings to come in at $0.02 per share, but it turned out to be $0.04, a 100.00% surprise. For the quarter, EBITDA amounted to -$8.48 million. Shareholders own equity worth $117.1 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Warby Parker Inc (WRBY) price momentum. RSI 9-day as of the close on 29 September was 69.39%, suggesting the stock is Neutral, with historical volatility in this time frame at 30.33%.
As of today, WRBY’s price is $12.77 +6.56% or $0.81 from its 5-day moving average. WRBY is currently trading +9.58% higher than its 20-day SMA and +8.85% higher than its 100-day SMA. However, the stock’s current price level is -9.55% below the SMA50 and -20.39% below the SMA200.
The stochastic %K and %D were 71.08% and 65.41%, respectively, and the average true range (ATR) was 0.52. With the 14-day stochastic at 75.15% and the average true range at 0.52, the RSI (14) stands at 61.74%. The stock has reached 0.39 on the 9-day MACD Oscillator while the 14-day reading was at 0.45.
Analyst Ratings
UBS launched coverage on Warby Parker Inc (NYSE: WRBY) in its analyst report released on September 25, 2023. The firm assigned the stock a Neutral rating. The consensus rating for Warby Parker Inc (WRBY) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell WRBY, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 4 others rate it as a “buy”.
What is WRBY’s price target for the next 12 months?
Analysts predict a range of price targets between $12.00 and $22.00, with a median target of $14.50. Taking a look at these predictions, the average price target given by analysts for Warby Parker Inc (WRBY) stock is $15.75.
