Wayfair Inc (NYSE:W) price on Thursday, November 14, rose 0.81% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $38.79.
A look at the stock’s price movement, the close in the last trading session was $38.48, moving within a range at $37.7542 and $39.79. The beta value (5-Year monthly) was 3.465. Turning to its 52-week performance, $76.18 and $37.51 were the 52-week high and 52-week low respectively. Overall, W moved -28.60% over the past month.
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Wayfair Inc’s market cap currently stands at around $4.86 billion, with investors looking forward to this quarter’s earnings report slated for in December.
Analysts have a consensus estimate of 3.05B for the company’s revenue for the quarter, with a low and high estimate of 3.01B and 3.08B respectively. The average forecast suggests down to a -2.07% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 11.78B, representing a -1.88% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that W is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
30 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 10 analyst(s) rate the stock as a Hold, 19 recommend W as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
W’s current price about -9.39% and -19.54% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.80, while 7-day volatility ratio is 5.81% and 6.09% in the 30-day chart. Further, Wayfair Inc (W) has a beta value of 3.41, and an average true range (ATR) of 2.69. Analysts have given the company’s stock an average 52-week price target of $63, forecast between a low of $20 and high of $375. Looking at the price targets, the low is 48.44% off current price level while to achieve the yearly target high, price needs to move -866.74%. Nonetheless, investors will most likely welcome a -62.41% jump to $63 which is the analysts’ median price.
If we refocus on Wayfair Inc (NYSE:W), historical trading data shows that trading volumes averaged 8.51 over the past 10 days and 4.78 million over the past 3 months. The company’s latest data on shares outstanding shows there are 92.46 million shares.
The 27.55% of Wayfair Inc’s shares are in the hands of company insiders while institutional holders own 88.35% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 17.1 million on 2024-10-31, giving us a short ratio of 4.06. The data shows that as of 2024-10-31 short interest in Wayfair Inc (W) stood at 2408.0 of shares outstanding, with shares short falling to 20.34 million registered in 2024-09-30. Current price change has pushed the stock -37.13% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the W stock continues to rise going into the next quarter.
