The stock of Wayfair Inc (NYSE: W) has increased by 6.32 when compared to last closing price of 47.16. Despite this, the company has experienced a 21.41% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-11-20 that Retail stocks with a solid online presence, like Amazon.com, Inc. (AMZN), Wayfair Inc. (W), Travelzoo (TZOO) and Ross Stores (ROSS), are likely to benefit in the near term.
Is It Worth Investing in Wayfair Inc (NYSE: W) Right Now?
The 36-month beta value for W is also noteworthy at 3.15. There are mixed opinions on the stock, with 19 analysts rating it as a “buy,” 0 rating it as “overweight,” 18 rating it as “hold,” and 0 rating it as “sell.”
The average price estimated by analysts for W is $66.10, which is $15.96 above than the current price. The public float for W is 83.12M, and at present, short sellers hold a 26.94% of that float. The average trading volume of W on November 20, 2023 was 3.60M shares.
W’s Market Performance
W stock saw an increase of 21.41% in the past week, with a monthly gain of 14.30% and a quarterly increase of -23.22%. The volatility ratio for the week is 5.52%, and the volatility levels for the last 30 days are 6.32% for Wayfair Inc (W). The simple moving average for the past 20 days is 13.45% for W’s stock, with a -2.95% simple moving average for the past 200 days.
Analysts’ Opinion of W
Many brokerage firms have already submitted their reports for W stocks, with Deutsche Bank repeating the rating for W by listing it as a “Buy.” The predicted price for W in the upcoming period, according to Deutsche Bank is $55 based on the research report published on November 16, 2023 of the current year 2023.
W Trading at -4.59% from the 50-Day Moving Average
After a stumble in the market that brought W to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -44.72% of loss for the given period.
Volatility was left at 6.32%, however, over the last 30 days, the volatility rate increased by 5.52%, as shares surge +16.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.45% lower at present.
During the last 5 trading sessions, W rose by +19.24%, which changed the moving average for the period of 200-days by -26.64% in comparison to the 20-day moving average, which settled at $44.54. In addition, Wayfair Inc saw 52.46% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at W starting from Blotner Jon, who sale 3,628 shares at the price of $50.00 back on Nov 06. After this action, Blotner Jon now owns 24,417 shares of Wayfair Inc, valued at $181,400 using the latest closing price.
Schaferkordt Anke, the Director of Wayfair Inc, sale 616 shares at $47.15 during a trade that took place back on Nov 02, which means that Schaferkordt Anke is holding 8,659 shares at $29,044 based on the most recent closing price.
Stock Fundamentals for W
Current profitability levels for the company are sitting at:
- -10.75 for the present operating margin
- +27.96 for the gross margin
The net margin for Wayfair Inc stands at -10.89. The total capital return value is set at -65.05, while invested capital returns managed to touch -69.96.
When we switch over and look at the enterprise to sales, we see a ratio of 0.70, with the company’s debt to enterprise value settled at 0.65. The receivables turnover for the company is 38.36 and the total asset turnover is 3.00. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.89.
In summary, Wayfair Inc (W) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as 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.