Wayfair Inc. (NYSE:W) traded at $200.23 at last check on Monday, Jun 29, making a downturn move of -0.85% on its previous day’s price.
Looking at the stock we see that its previous close was $201.94 and the beta (5Y monthly) reads 3.35 with the day’s price range being $193.70 – 202.11. In terms of its 52-week price range, W has a high of $221.54 and a low of $21.7. The company’s stock has gained about 16.72% over that past 30 days.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $3.87 Billion, with a low of $3.32 Billion and a high of $4.45 Billion. The median projection represents growth adding up to 65.2% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $12.52 Billion, or +37.2% up from figures reported last year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the W stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 33 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 13 have rated the Wayfair Inc. (W) stock as a Hold, while 12 rate it as a Buy. None analysts rate it as outperform while 1 of them rated it as underperform, whereas 7 suggests the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the W stock currently stands at 0, and the current price level is 5.33% off its SMA20 and 21.45% from its 50-day simple moving average. The RSI (14) is pointing at 61.36 while the volatility over the past week is 5.61% and jumps to 6.64% over the past one month. The beta value is 3.36, while the average true range (ATR) is currently pointing at 12.34. The average price target for the stock over the next 12 months is $178, with the estimates having a low of $40 and a high of $250. These price ends are -80.02% and +24.86% off the current price level respectively, although investors could be excited at the prospect of a -3.11% if the W share price touches on the median price of $194.
Let’s briefly compare Wayfair (W) stock to its peers. We find that today’s price change of -0.85% and +37.14% over the past 12 months for W competes that of Amazon.com Inc (AMZN), which has seen its stock price fall -0.46% in the latest trading session and is +41.55% over the last one year. Another of its peers Alibaba Group Holding (BABA) has dropped -0.32% today, and is +26.89% up over the past year, while Pinduoduo Inc ADR (PDD) is also down -0.85% yet its price remains in the green at 37.14% over the same period. Amazon.com has a P/E ratio of 128.04 compared to Wayfair’s 0 and Alibaba’s 27.03. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 2.32% and 1.47%, respectively, in early deals.
Coming back to Wayfair Inc. (NYSE:W), we note that the average 3-month trading volume was 3.92 Million, while that of the preceding 10-day period stands at 2.13 Million. Current shares outstanding are 67.68 Million.
According to data from Thomson Reuters, insiders hold 6.06% of the company’s shares while institutions hold 122.28%. The data shows that short shares as of June 14, 2020, stood at 17.95 Million at a short ratio of 6.49. This represents a 18.97% Short interest in Shares outstanding on June 14, 2020. Shares short rose in June from the previous month at 15.35 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +121.57% up in year-to-date price movement.