Warby Parker Inc (NYSE: WRBY) closed the day trading at $13.25 up 3.92% from the previous closing price of $12.75. In other words, the price has increased by $+0.50 from its previous closing price. On the day, 1816044 shares were traded.
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Ratios:
For a better understanding of WRBY, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 213.88. For the most recent quarter (mrq), Quick Ratio is recorded 1.86 and its Current Ratio is at 2.35. In the meantime, Its Debt-to-Equity ratio is 0.58 whereas as Long-Term Debt/Eq ratio is at 0.50.
On October 03, 2023, Evercore ISI Upgraded its rating to Outperform which previously was In-line but kept the price unchanged to $20.
On September 25, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $13.UBS initiated its Neutral rating on September 25, 2023, with a $13 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 11 ’24 when Miller Steven Clive sold 24,225 shares for $11.98 per share. The transaction valued at 290,216 led to the insider holds 166,879 shares of the business.
Gilboa David Abraham sold 52,065 shares of WRBY for $635,193 on Mar 08 ’24. The Co-Chief Executive Officer now owns 12,306 shares after completing the transaction at $12.20 per share. On Mar 07 ’24, another insider, Blumenthal Neil Harris, who serves as the Co-Chief Executive Officer of the company, sold 50,000 shares for $12.40 each. As a result, the insider received 620,000 and left with 12,177 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WRBY now has a Market Capitalization of 1.57B and an Enterprise Value of 1.52B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.34 while its Price-to-Book (P/B) ratio in mrq is 5.19. Its current Enterprise Value per Revenue stands at 2.27 whereas that against EBITDA is -45.55.
Stock Price History:
Over the past 52 weeks, WRBY has reached a high of $16.49, while it has fallen to a 52-week low of $9.64. The 50-Day Moving Average of the stock is 13.10, while the 200-Day Moving Average is calculated to be 12.81.
Shares Statistics:
Over the past 3-months, WRBY traded about 1.20M shares per day on average, while over the past 10 days, WRBY traded about 1.29M shares per day. A total of 98.37M shares are outstanding, with a floating share count of 84.59M. Insiders hold about 28.41% of the company’s shares, while institutions hold 72.78% stake in the company. Shares short for WRBY as of Feb 29, 2024 were 8.92M with a Short Ratio of 7.48, compared to 8.51M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.55% and a Short% of Float of 18.80%.
Earnings Estimates
Current recommendations for the stock of the company come from 6 analysts. On average, analysts expect EPS of $0.07 for the current quarter, with a high estimate of $0.08 and a low estimate of $0.06, while EPS last year was $0.06. The consensus estimate for the next quarter is $0.05, with high estimates of $0.06 and low estimates of $0.03.
Analysts are recommending an EPS of between $0.2 and $0.14 for the fiscal current year, implying an average EPS of $0.18. EPS for the following year is $0.28, with 6 analysts recommending between $0.3 and $0.23.
Revenue Estimates
12 analysts predict $196.36M in revenue for the current quarter. It ranges from a high estimate of $197M to a low estimate of $195.75M. As of the current estimate, Warby Parker Inc’s year-ago sales were $171.97M, an estimated increase of 14.20% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $186.99M, an increase of 12.60% less than the figure of $14.20% in the same quarter last year. There is a high estimate of $197M for the next quarter, whereas the lowest estimate is $182.1M.
A total of 13 analysts have provided revenue estimates for WRBY’s current fiscal year. The highest revenue estimate was $757M, while the lowest revenue estimate was $750.4M, resulting in an average revenue estimate of $755.13M. In the same quarter a year ago, actual revenue was $669.76M, up 12.70% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $851.01M in the next fiscal year. The high estimate is $868.1M and the low estimate is $833.3M. The average revenue growth estimate for next year is up 12.70% from the average revenue estimate for this year.
