Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 7 as “hold,” and 0 as “sell.”
The average price suggested by analysts for WRBY is $16.55, which is $5.71 above the current market price. The public float for WRBY is 69.30M, and currently, shorts hold a 16.84% of that float. The average trading volume for WRBY on March 15, 2023 was 1.02M shares.
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WRBY) stock’s latest price update
Warby Parker Inc. (NYSE: WRBY)’s stock price has decreased by -2.79 compared to its previous closing price of 10.77. Despite this, the company has seen a loss of -13.97% in its stock price over the last five trading days. The Wall Street Journal reported on 08/11/22 that Warby Parker Cuts Sales Forecast, Corporate Staff as Consumers Delay Purchases
WRBY’s Market Performance
Warby Parker Inc. (WRBY) has seen a -13.97% fall in stock performance for the week, with a -26.94% decline in the past month and a -36.55% plunge in the past quarter. The volatility ratio for the week is 6.65%, and the volatility levels for the past 30 days are at 5.47% for WRBY. The simple moving average for the last 20 days is -18.58% for WRBY stock, with a simple moving average of -27.61% for the last 200 days.
Analysts’ Opinion of WRBY
Many brokerage firms have already submitted their reports for WRBY stocks, with Citigroup repeating the rating for WRBY by listing it as a “Neutral.” The predicted price for WRBY in the upcoming period, according to Citigroup is $13 based on the research report published on March 01st of the current year 2023.
Wolfe Research gave a rating of “Outperform” to WRBY, setting the target price at $20 in the report published on December 15th of the previous year.
WRBY Trading at -28.77% from the 50-Day Moving Average
After a stumble in the market that brought WRBY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -71.37% of loss for the given period.
Volatility was left at 5.47%, however, over the last 30 days, the volatility rate increased by 6.65%, as shares sank -29.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.85% lower at present.
During the last 5 trading sessions, WRBY fell by -13.97%, which changed the moving average for the period of 200-days by -36.47% in comparison to the 20-day moving average, which settled at $12.64. In addition, Warby Parker Inc. saw -22.39% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WRBY starting from Miller Steven Clive, who sale 8,251 shares at the price of $10.89 back on Mar 13. After this action, Miller Steven Clive now owns 165,547 shares of Warby Parker Inc., valued at $89,818 using the latest closing price.
Blumenthal Neil Harris, the Co-Chief Executive Officer of Warby Parker Inc., sale 6,517 shares at $11.04 during a trade that took place back on Mar 10, which means that Blumenthal Neil Harris is holding 106 shares at $71,948 based on the most recent closing price.
Stock Fundamentals for WRBY
Current profitability levels for the company are sitting at:
- -18.59 for the present operating margin
- +55.15 for the gross margin
The net margin for Warby Parker Inc. stands at -18.46. Equity return is now at value -39.00, with -20.00 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.27.
Conclusion
In conclusion, Warby Parker Inc. (WRBY) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
