Company’s 36-month beta value is 1.89.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 3 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for WRBY is 87.53M, and currently, short sellers hold a 16.10% ratio of that floaft. The average trading volume of WRBY on November 20, 2024 was 1.68M shares.
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WRBY) stock’s latest price update
The stock of Warby Parker Inc (NYSE: WRBY) has increased by 1.05 when compared to last closing price of 22.82.Despite this, the company has seen a gain of 8.62% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-08 that Warby Parker Inc. (NYSE:WRBY ) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Jaclyn Berkley – Head of Investor Relations Neil Blumenthal – Co-Founders & Co-CEOs Dave Gilboa – Co-Founders & Co-CEOs Steve Miller – Senior Vice President & Chief Financial Officer Conference Call Participants Brooke Roach – Goldman Sachs Dana Telsey – Telsey Oliver Chen – TD Cowen Amy Teske – Baird Janine Stichter – BTIG Nick Jones – Citizens JMP Operator Hello and welcome to today’s Warby Parker’s Third Quarter 2024 Earnings Call. My name is Bailey and I’ll be your moderator for today.
WRBY’s Market Performance
Warby Parker Inc (WRBY) has seen a 8.62% rise in stock performance for the week, with a 26.70% gain in the past month and a 64.25% surge in the past quarter. The volatility ratio for the week is 4.12%, and the volatility levels for the past 30 days are at 4.38% for WRBY. The simple moving average for the past 20 days is 20.53% for WRBY’s stock, with a 52.74% simple moving average for the past 200 days.
Analysts’ Opinion of WRBY
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see WRBY reach a price target of $22, previously predicting the price at $19. The rating they have provided for WRBY stocks is “Outperform” according to the report published on November 08th, 2024.
WRBY Trading at 35.62% from the 50-Day Moving Average
After a stumble in the market that brought WRBY to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.52% of gains for the given period.
Volatility was left at 4.38%, however, over the last 30 days, the volatility rate increased by 4.12%, as shares surge +29.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +66.14% upper at present.
During the last 5 trading sessions, WRBY rose by +8.62%, which changed the moving average for the period of 200-days by +74.04% in comparison to the 20-day moving average, which settled at $19.13. In addition, Warby Parker Inc saw 63.55% 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 WRBY starting from Warby Parker Impact Foundation, who proposed sale 29,762 shares at the price of $21.34 back on Nov 14 ’24. After this action, Warby Parker Impact Foundation now owns shares of Warby Parker Inc, valued at $635,000 using the latest closing price.
Miller Steven Clive, the Chief Financial Officer of Warby Parker Inc, sale 6,763 shares at $13.90 during a trade that took place back on Sep 11 ’24, which means that Miller Steven Clive is holding 177,488 shares at $94,006 based on the most recent closing price.
Stock Fundamentals for WRBY
Current profitability levels for the company are sitting at:
- -0.06 for the present operating margin
- 0.54 for the gross margin
The net margin for Warby Parker Inc stands at -0.04. The total capital return value is set at -0.08. Equity return is now at value -10.15, with -5.37 for asset returns.
Currently, EBITDA for the company is -30.21 million with net debt to EBITDA at 7.06. When we switch over and look at the enterprise to sales, we see a ratio of 3.66. The receivables turnover for the company is 678.73for trailing twelve months and the total asset turnover is 1.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.44.
Conclusion
In a nutshell, Warby Parker Inc (WRBY) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
