Warby Parker Inc (NYSE:WRBY) price on current trading day, rose 4.36% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $24.80.
A look at the stock’s price movement, the level at last check in today’s session was $23.76. Turning to its 52-week performance, $28.68 and $11.35 were the 52-week high and 52-week low respectively. Overall, WRBY moved -8.03% over the past month.
Warby Parker Inc’s market cap currently stands at around $2.98 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 226.37M for the company’s revenue for the quarter, with a low and high estimate of 221.3M and 235.84M respectively. The average forecast suggests up to a 13.18% 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 872.1M, representing a 13.07% jump 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 WRBY is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
9 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 5 analyst(s) rate the stock as a Hold, 4 recommend WRBY as a Buy and 0 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 Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
WRBY’s current price about -3.76% and -2.74% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.31, while 7-day volatility ratio is 5.83% and 4.53% in the 30-day chart. Further, Warby Parker Inc (WRBY) has a beta value of 1.93, and an average true range (ATR) of 1.36. Analysts have given the company’s stock an average 52-week price target of $19, forecast between a low of $15 and high of $22. Looking at the price targets, the low is 39.52% off recent price level in today’s trading while to achieve the yearly target high, it has to move 11.29%. Nonetheless, investors will most likely welcome a 23.39% jump to $19 which is the analysts’ median price.
If we refocus on Warby Parker Inc (NYSE:WRBY), historical trading data shows that trading volumes averaged 1.54 million over the past 3 months. The company’s latest data on shares outstanding shows there are 101.59 million shares.
The 26.43% of Warby Parker Inc’s shares are in the hands of company insiders while institutional holders own 77.23% of the company’s shares. Current price change has pushed the stock 2.42% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the WRBY stock continues to rise going into the next quarter.
