Wayfair Inc. (NYSE:W) does about 4.70M shares in volume on a normal day but saw 27464853 shares change hands in Monday trading. The company now has a market cap of 5.29B USD. Its current market price is $59.33, marking an increase of 26.80% compared to the previous close of $46.79. The 52 week high reached by this stock is $163.99 whilst the lowest price level in 52 weeks is $28.11. The script in recent trading has seen the stock touch a high of $59.68 and a low of $53.28.
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Wayfair Inc. (W) has a 20-day trading average at $38.70 and the current price is -63.82% off the 52-week high compared with 111.06% distance from its 52-week low. The 50-day simple moving average of the closing price is $37.37 and its 200-day simple moving average is $50.86. If we look at the stock’s price movements over the week, volatility stands at 10.02%, which decreases to 8.36% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 77.71 to suggest the stock is overbought.
38 analysts observing the Wayfair Inc. (W) stock have set the 12-month price targets for the company’s shares at between $20.00 and $124.00. The consensus objective for the share price is $48.17, suggesting that the stock has a potential downside of -23.17% over the period. The median price target is -27.59% away from the current levels at $46.50.
FactSet Research has provided data showing that 38 brokerages have issued ratings for the stock. 5 analysts have rated it as a sell, while 1 advise that it is a overweight. 12 analysts have rated it as a buy and 19 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 23, 2023 when Wedbush upgraded the stock to “Outperform” and issued a price target of $38. JP Morgan also upgraded the stock to “Overweight” from Underweight on January 23, 2023 at a price target of $35-$63. BofA Securities upgraded its price target at $30-$65.
The current price level is 57.92%, 61.12%, and 16.01% away from its SMA20, SMA50, and SMA200 respectively, with the W price moving below the 50-day SMA on January 23. Wayfair Inc. (W) stock is up 37.24% over the week and 72.47% over the past month. Its price is 80.39% year-to-date and -59.89% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2022, with the company’s earnings per share (EPS) of -$1.94 below consensus estimates by -$0.05. The company’s next earnings report is expected on 05/04/2023, with forecasts estimating quarterly EPS at -$2.14 and -$7.48 for whole year. W’s earnings per share are forecast to shrink by -422.40% this year and 36.60% over next year. Expected sales for next quarter are $3.05 billion, which analysts say will come at $12.15 billion for the current fiscal year and next year at $12.75 billion. In addition, estimates put the company’s current quarterly revenue at an average of $2.82 billion.
Its 12-month price target is $46.50. To reach the target analysts have set, the stock logically needs to shrink -23.17 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $20.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $124.00.
Outstanding shares total 106.00M with insiders holding 5.90% of the shares and institutional holders owning 120.87% of the company’s common stock. The company has a return on investment of -6.60% and return on equity of 58.70%. The beta has a value of 2.86. Price to sales ratio is 0.43.
According to a U.S. Securities and Exchange Commission filing, American Funds Growth Fund of Ame has added its position in Wayfair Inc. (W) to 6,962,212 shares, mirroring a recent increase by 54.04%. American Funds Growth Fund of Ame added 2.44 million shares of Wayfair Inc. common stock bringing its total worth to about $228.99 million at the end of recent close, SEC documents show. American Funds Growth Fund of Ame isn’t the only investment manager who changed stakes and is followed by American Funds Small Cap World Fu, which added 2.03 million shares to end up with 3,499,201 shares worth $115.09 million. Fidelity Growth Company Fund cut their holdings by -0.67% in the company over the course of the most recent quarter. It now holds a 4.20% position in Wayfair Inc. thanks to 3.42 million shares amounting to $112.35 million.
