Wayfair Inc (NYSE:W) price on Wednesday, May 21, fall -4.51% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $36.42.
A look at the stock’s price movement, the close in the last trading session was $38.14. Turning to its 52-week performance, $66.82 and $20.41 were the 52-week high and 52-week low respectively. Overall, W moved 32.73% over the past month.
Wayfair Inc’s market cap currently stands at around $4.67 billion, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 3.11B for the company’s revenue for the quarter, with a low and high estimate of 3.06B and 3.16B respectively. The average forecast suggests down to a -0.10% 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 11.81B, representing a -0.31% 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 Hold. 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 6.72% and 14.45% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 55.84, while 7-day volatility ratio is 3.76% and 5.61% in the 30-day chart. Further, Wayfair Inc (W) has a beta value of 2.91, and an average true range (ATR) of 2.46. Analysts have given the company’s stock an average 52-week price target of $43, forecast between a low of $25 and high of $60. Looking at the price targets, the low is 31.36% off current price level while to achieve the yearly target high, price needs to move -64.74%. Nonetheless, investors will most likely welcome a -18.07% jump to $43 which is the analysts’ median price.
If we refocus on Wayfair Inc (NYSE:W), historical trading data shows that trading volumes averaged 6.45 million over the past 3 months. The company’s latest data on shares outstanding shows there are 102.29 million shares.
The 26.70% of Wayfair Inc’s shares are in the hands of company insiders while institutional holders own 89.57% of the company’s shares. Current price change has pushed the stock -17.82% 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.
