The closing price of Wayfair Inc (NYSE: W) was $58.81 for the day, down -4.44% from the previous closing price of $61.54. In other words, the price has decreased by -$2.73 from its previous closing price. On the day, 3149344 shares were traded.
Ratios:
Our analysis of W’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.82 and its Current Ratio is at 0.85.
On January 16, 2024, Morgan Stanley Upgraded its rating to Overweight which previously was Equal-Weight and also upped its target price recommendation from $60 to $80.
On January 09, 2024, BMO Capital Markets started tracking the stock assigning a Market Perform rating and target price of $57.BMO Capital Markets initiated its Market Perform rating on January 09, 2024, with a $57 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 07 ’24 when Conine Steven sold 10,000 shares for $59.91 per share. The transaction valued at 599,061 led to the insider holds 249,073 shares of the business.
Shah Niraj sold 10,000 shares of W for $598,968 on Mar 07 ’24. The Chief Executive Officer now owns 249,137 shares after completing the transaction at $59.90 per share. On Mar 01 ’24, another insider, Netzer Thomas, who serves as the Chief Operating Officer of the company, sold 20,000 shares for $59.72 each. As a result, the insider received 1,194,400 and left with 116,622 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 7.41B and an Enterprise Value of 10.26B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.59. Its current Enterprise Value per Revenue stands at 0.85 whereas that against EBITDA is -34.78.
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 54.94, while the 200-Day Moving Average is calculated to be 58.11.
Shares Statistics:
W traded an average of 4.55M shares per day over the past three months and 3.94M shares per day over the past ten days. A total of 92.46M shares are outstanding, with a floating share count of 85.81M. Insiders hold about 28.71% of the company’s shares, while institutions hold 86.29% stake in the company. Shares short for W as of Feb 15, 2024 were 20.24M with a Short Ratio of 4.45, compared to 19.9M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 16.82% and a Short% of Float of 33.43%.
Earnings Estimates
The firm’s stock currently is rated by 25 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 $0.53, with high estimates of $1.31 and low estimates of $0.02.
Analysts are recommending an EPS of between $1.72 and -$0.69 for the fiscal current year, implying an average EPS of $0.87. EPS for the following year is $2.05, with 28 analysts recommending between $4.28 and -$0.25.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 28 analysts. 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, 27 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 32 analysts have provided revenue estimates for W’s current fiscal year. The highest revenue estimate was $12.7B, while the lowest revenue estimate was $11.68B, resulting in an average revenue estimate of $11.99B. In the same quarter a year ago, actual revenue was $12B, down -0.10% from the average estimate. Based on 32 analysts’ estimates, the company’s revenue will be $12.75B 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 6.30% from the average revenue estimate for this year.
