Wayfair Inc (W) Stock: Analyzing the Market Value

, and the 36-month beta value for W is at 3.26.

The public float for W is 83.34M, and currently, shorts hold a 24.70% of that float. The average trading volume for W on February 13, 2024 was 0.91 shares.

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W) stock’s latest price update

The stock of Wayfair Inc (NYSE: W) has increased by 54.23 when compared to last closing price of 69.68.Despite this, the company has seen a gain of 10.61% in its stock price over the last five trading days. Zacks Investment Research reported 2024-02-12 that Wayfair (W) made it through our ‘Fast-Paced Momentum at a Bargain’ screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

W’s Market Performance

W’s stock has risen by 10.61% in the past week, with a monthly drop of -1.70% and a quarterly rise of 26.59%. The volatility ratio for the week is 5.31% while the volatility levels for the last 30 days are 5.99% for Wayfair Inc The simple moving average for the last 20 days is 72.64% for W’s stock, with a simple moving average of Feb 22 BMO for the last 200 days.

Analysts’ Opinion of W

Many brokerage firms have already submitted their reports for W stocks, with Morgan Stanley repeating the rating for W by listing it as a “Overweight.” The predicted price for W in the upcoming period, according to Morgan Stanley is $80 based on the research report published on January 16, 2024 of the current year 2024.

W Trading at 3.66% 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 -40.22% of loss for the given period.

Volatility was left at 5.99%, however, over the last 30 days, the volatility rate increased by 5.31%, as shares surge +6.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.30% lower at present.

During the last 5 trading sessions, W rose by +10.61%, which changed the moving average for the period of 200-days by +54.72% in comparison to the 20-day moving average, which settled at $53.00. In addition, Wayfair Inc saw -12.11% 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 W starting from Conine Steven, who sale 8,300 shares at the price of $52.31 back on Feb 09. After this action, Conine Steven now owns 259,073 shares of Wayfair Inc, valued at $434,173 using the latest closing price.

Shah Niraj, the Chief Executive Officer of Wayfair Inc, sale 8,300 shares at $52.31 during a trade that took place back on Feb 09, which means that Shah Niraj is holding 259,137 shares at $434,173 based on the most recent closing price.

Conclusion

In conclusion, Wayfair Inc (W) has had a mixed 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.

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