The stock of Wayfair Inc (W) has seen a 2.81% increase in the past week, with a 9.25% gain in the past month, and a 1.55% flourish in the past quarter. The volatility ratio for the week is 4.18%, and the volatility levels for the past 30 days are at 4.61% for W. The simple moving average for the past 20 days is 4.25% for W’s stock, with a 9.68% simple moving average for the past 200 days.
Is It Worth Investing in Wayfair Inc (NYSE: W) Right Now?
Additionally, the 36-month beta value for W is 3.29. There are mixed opinions on the stock, with 10 analysts rating it as a “buy,” 8 rating it as “overweight,” 20 rating it as “hold,” and 0 rating it as “sell.”
The public float for W is 85.81M and currently, short sellers hold a 25.05% ratio of that float. The average trading volume of W on April 01, 2024 was 4.34M shares.
W) stock’s latest price update
Wayfair Inc (NYSE: W) has experienced a decline in its stock price by -4.08 compared to its previous closing price of 67.88. However, the company has seen a gain of 2.81% in its stock price over the last five trading days. Bloomberg Markets and Finance reported 2024-03-28 that Top calls today are Wayfair Price Target Hiked, Palantir Cut to Sell, Vornado Upgraded.
Analysts’ Opinion of W
Many brokerage firms have already submitted their reports for W stocks, with Mizuho repeating the rating for W by listing it as a “Buy.” The predicted price for W in the upcoming period, according to Mizuho is $72 based on the research report published on March 19, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see W reach a price target of $65. The rating they have provided for W stocks is “Strong Buy” according to the report published on February 16th, 2024.
Morgan Stanley gave a rating of “Overweight” to W, setting the target price at $80 in the report published on January 16th of the current year.
W Trading at 14.41% 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 -28.22% of loss for the given period.
Volatility was left at 4.61%, however, over the last 30 days, the volatility rate increased by 4.18%, as shares surge +9.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.03% upper at present.
During the last 5 trading sessions, W rose by +3.70%, which changed the moving average for the period of 200-days by +27.87% in comparison to the 20-day moving average, which settled at $62.74. In addition, Wayfair Inc saw 5.53% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at W starting from Netzer Thomas, who sale 984 shares at the price of $60.58 back on Mar 18 ’24. After this action, Netzer Thomas now owns 117,841 shares of Wayfair Inc, valued at $59,611 using the latest closing price.
Conine Steven, the Co-Founder of Wayfair Inc, sale 10,000 shares at $59.91 during a trade that took place back on Mar 07 ’24, which means that Conine Steven is holding 249,073 shares at $599,061 based on the most recent closing price.
Stock Fundamentals for W
Current profitability levels for the company are sitting at:
- -0.06 for the present operating margin
- 0.31 for the gross margin
The net margin for Wayfair Inc stands at -0.06. The total capital return value is set at -0.57.
Based on Wayfair Inc (W), the company’s capital structure generated 5.26 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at -1.23. The interest coverage ratio of the stock is -43.24.
Currently, EBITDA for the company is -317.0 million with net debt to EBITDA at -8.25. When we switch over and look at the enterprise to sales, we see a ratio of 0.88. The receivables turnover for the company is 85.74for trailing twelve months and the total asset turnover is 3.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.85.
Conclusion
In conclusion, Wayfair Inc (W) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
