The stock price of Wayfair Inc (NYSE: W) has surged by 8.44 when compared to previous closing price of 58.64, but the company has seen a 22.26% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-03 that Wayfair’s (W) first-quarter 2024 results reflect the positive impact of a growing active customer base. However, lower net revenues per active customer is a concern.
Is It Worth Investing in Wayfair Inc (NYSE: W) Right Now?
The 36-month beta value for W is also noteworthy at 3.38. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 9 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
The public float for W is 85.97M, and at present, short sellers hold a 27.09% of that float. The average trading volume of W on May 06, 2024 was 4.31M shares.
W’s Market Performance
W stock saw an increase of 22.26% in the past week, with a monthly gain of 1.39% and a quarterly increase of 23.36%. The volatility ratio for the week is 6.10%, and the volatility levels for the last 30 days are 5.57% for Wayfair Inc (W). The simple moving average for the last 20 days is 12.20% for W stock, with a simple moving average of 8.04% for the last 200 days.
Analysts’ Opinion of W
Many brokerage firms have already submitted their reports for W stocks, with RBC Capital Mkts repeating the rating for W by listing it as a “Sector Perform.” The predicted price for W in the upcoming period, according to RBC Capital Mkts is $61 based on the research report published on April 24, 2024 of the current year 2024.
Evercore ISI, on the other hand, stated in their research note that they expect to see W reach a price target of $80, previously predicting the price at $65. The rating they have provided for W stocks is “Outperform” according to the report published on April 04th, 2024.
Mizuho gave a rating of “Buy” to W, setting the target price at $72 in the report published on March 19th of the current year.
W Trading at 7.02% 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 -29.90% of loss for the given period.
Volatility was left at 5.57%, however, over the last 30 days, the volatility rate increased by 6.10%, as shares surge +0.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.67% upper at present.
During the last 5 trading sessions, W rose by +22.26%, which changed the moving average for the period of 200-days by -10.96% in comparison to the 20-day moving average, which settled at $56.69. In addition, Wayfair Inc saw 3.06% 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 Schaferkordt Anke, who sale 348 shares at the price of $58.81 back on May 02 ’24. After this action, Schaferkordt Anke now owns 13,251 shares of Wayfair Inc, valued at $20,465 using the latest closing price.
Blotner Jon, the Chief Commercial Officer of Wayfair Inc, sale 4,144 shares at $60.52 during a trade that took place back on Apr 15 ’24, which means that Blotner Jon is holding 37,957 shares at $250,795 based on the most recent closing price.
Stock Fundamentals for W
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.31 for the gross margin
The net margin for Wayfair Inc stands at -0.05. The total capital return value is set at -0.51.
Based on Wayfair Inc (W), the company’s capital structure generated 11.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at -1.1. The interest coverage ratio of the stock is -34.56.
Currently, EBITDA for the company is -317.0 million with net debt to EBITDA at -14.11. 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 105.82for trailing twelve months and the total asset turnover is 3.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.78.
Conclusion
In summary, Wayfair Inc (W) has had a better performance as of late. Analysts have mixed 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.
