The stock of Wayfair Inc (W) has seen a -0.73% decrease in the past week, with a 9.20% gain in the past month, and a 18.08% flourish in the past quarter. The volatility ratio for the week is 4.35%, and the volatility levels for the past 30 days are at 4.64% for W. The simple moving average for the past 20 days is 3.30% for W’s stock, with a 9.66% simple moving average for the past 200 days.
Is It Worth Investing in Wayfair Inc (NYSE: W) Right Now?
The 36-month beta value for W is at 3.29. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 9 rating it as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for W is 85.73M, and currently, shorts hold a 25.07% of that float. The average trading volume for W on April 09, 2024 was 4.28M shares.
W) stock’s latest price update
The stock of Wayfair Inc (NYSE: W) has increased by 3.42 when compared to last closing price of 63.21. Despite this, the company has experienced a -0.73% fall in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-08 that AI stocks, biotech stocks, and renewable energy stocks dominate the list of most shorted stocks, but there also many consumer discretionary stocks short sellers are betting against. There is an excellent reason for this.
Analysts’ Opinion of W
Many brokerage firms have already submitted their reports for W stocks, with Evercore ISI repeating the rating for W by listing it as a “Outperform.” The predicted price for W in the upcoming period, according to Evercore ISI is $80 based on the research report published on April 04, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see W reach a price target of $72. The rating they have provided for W stocks is “Buy” according to the report published on March 19th, 2024.
Raymond James gave a rating of “Strong Buy” to W, setting the target price at $65 in the report published on February 16th of the current year.
W Trading at 13.29% 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 -27.94% of loss for the given period.
Volatility was left at 4.64%, however, over the last 30 days, the volatility rate increased by 4.35%, as shares surge +6.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.09% upper at present.
During the last 5 trading sessions, W fell by -0.73%, which changed the moving average for the period of 200-days by +18.06% in comparison to the 20-day moving average, which settled at $63.47. In addition, Wayfair Inc saw 5.95% 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 Tan Fiona, who sale 4,884 shares at the price of $65.03 back on Apr 04 ’24. After this action, Tan Fiona now owns 41,027 shares of Wayfair Inc, valued at $317,599 using the latest closing price.
Netzer Thomas, the Chief Operating Officer of Wayfair Inc, sale 4,255 shares at $65.02 during a trade that took place back on Apr 04 ’24, which means that Netzer Thomas is holding 134,439 shares at $276,668 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 0.87. 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 had a better 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.
