Wayfair Inc (NYSE:W) price on Wednesday, January 15, rose 0.49% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $42.92.
A look at the stock’s price movement, the close in the last trading session was $42.71, moving within a range at $42.8 and $45.8. The beta value (5-Year monthly) was 3.465. Turning to its 52-week performance, $76.18 and $37.35 were the 52-week high and 52-week low respectively. Overall, W moved -19.41% over the past month.
Wayfair Inc’s market cap currently stands at around $5.38 billion, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 3.06B for the company’s revenue for the quarter, with a low and high estimate of 3B and 3.43B respectively. The average forecast suggests down to a -1.64% 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 -1.86% 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 50% Sell. On the other hand, the stock is on average a 100% 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 -5.48% and -5.08% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.79, while 7-day volatility ratio is 4.97% and 5.47% in the 30-day chart. Further, Wayfair Inc (W) has a beta value of 3.44, and an average true range (ATR) of 2.47. Analysts have given the company’s stock an average 52-week price target of $55, forecast between a low of $50 and high of $63. Looking at the price targets, the low is -16.5% off current price level while to achieve the yearly target high, price needs to move -46.78%. Nonetheless, investors will most likely welcome a -28.15% jump to $55 which is the analysts’ median price.
If we refocus on Wayfair Inc (NYSE:W), historical trading data shows that trading volumes averaged 3.09 over the past 10 days and 4.53 million over the past 3 months. The company’s latest data on shares outstanding shows there are 97.89 million shares.
The 28.21% of Wayfair Inc’s shares are in the hands of company insiders while institutional holders own 87.99% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 14.73 million on 2024-12-31, giving us a short ratio of 4.16. The data shows that as of 2024-12-31 short interest in Wayfair Inc (W) stood at 2074.0 of shares outstanding, with shares short falling to 17.69 million registered in 2024-11-29. Current price change has pushed the stock -3.16% 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.
