After finishing at $64.76 in the prior trading day, Wayfair Inc (NYSE: W) closed at $67.59, up 4.37%. In other words, the price has increased by $+2.83 from its previous closing price. On the day, 5634308 shares were traded. W stock price reached its highest trading level at $69.16 during the session, while it also had its lowest trading level at $66.63.
Ratios:
Our goal is to gain a better understanding of W by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.82 and its Current Ratio is at 0.85.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Mizuho on March 19, 2024, initiated with a Buy rating and assigned the stock a target price of $72.
On February 16, 2024, Raymond James Upgraded its rating to Strong Buy which previously was Mkt Perform but kept the price unchanged to $65.
Morgan Stanley Upgraded its Equal-Weight to Overweight on January 16, 2024, whereas the target price for the stock was revised from $60 to $80.
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 18 ’24 when Netzer Thomas sold 984 shares for $60.58 per share. The transaction valued at 59,611 led to the insider holds 117,841 shares of the business.
Conine Steven sold 10,000 shares of W for $599,061 on Mar 07 ’24. The Co-Founder now owns 249,073 shares after completing the transaction at $59.91 per share. On Mar 07 ’24, another insider, Shah Niraj, who serves as the Chief Executive Officer of the company, sold 10,000 shares for $59.90 each. As a result, the insider received 598,968 and left with 249,137 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, W now has a Market Capitalization of 8.14B and an Enterprise Value of 10.99B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.68. Its current Enterprise Value per Revenue stands at 0.92 whereas that against EBITDA is -37.25.
Stock Price History:
Over the past 52 weeks, W has reached a high of $90.71, while it has fallen to a 52-week low of $29.51. The 50-Day Moving Average of the stock is 56.58, while the 200-Day Moving Average is calculated to be 59.28.
Shares Statistics:
The stock has traded on average 4.24M shares per day over the past 3-months and 3.36M shares per day over the last 10 days, according to various share statistics. A total of 92.46M shares are outstanding, with a floating share count of 85.81M. Insiders hold about 28.70% of the company’s shares, while institutions hold 86.34% stake in the company. Shares short for W as of Feb 29, 2024 were 22.48M with a Short Ratio of 5.07, compared to 20.58M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 18.68% and a Short% of Float of 37.12%.
Earnings Estimates
Its stock is currently analyzed by 26 different market analysts. On average, analysts expect EPS of -$0.45 for the current quarter, with a high estimate of -$0.13 and a low estimate of -$1.42, while EPS last year was -$1.13. The consensus estimate for the next quarter is $0.52, with high estimates of $1.31 and low estimates of $0.02.
Analysts are recommending an EPS of between $1.72 and -$0.53 for the fiscal current year, implying an average EPS of $0.92. EPS for the following year is $2.07, with 29 analysts recommending between $4.28 and $0.7.
Revenue Estimates
29 analysts predict $2.64B in revenue for the current quarter. It ranges from a high estimate of $2.69B to a low estimate of $2.61B. As of the current estimate, Wayfair Inc’s year-ago sales were $2.77B, an estimated decrease of -4.70% from the year-ago figure. For the next quarter, 28 analysts are estimating revenue of $3.1B, a decrease of -2.20% over than the figure of -$4.70% in the same quarter last year. There is a high estimate of $3.26B for the next quarter, whereas the lowest estimate is $2.91B.
A total of 33 analysts have provided revenue estimates for W’s current fiscal year. The highest revenue estimate was $12.27B, while the lowest revenue estimate was $11.68B, resulting in an average revenue estimate of $11.96B. In the same quarter a year ago, actual revenue was $12B, down -0.40% from the average estimate. Based on 33 analysts’ estimates, the company’s revenue will be $12.72B in the next fiscal year. The high estimate is $13.93B and the low estimate is $11.16B. The average revenue growth estimate for next year is up 6.40% from the average revenue estimate for this year.
