Wayfair Inc (W) concluded trading on Wednesday at a closing price of $61.73, with 6.3 million shares of worth about $388.65 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.45% during that period and on April 10, 2024 the price saw a loss of about -6.92%. Currently the company’s common shares owned by public are about 92.46M shares, out of which, 85.73M shares are available for trading.
However, the stock later moved at a day high price of 63.73, or with a loss of -6.92%. Stock saw a price change of -1.09% in past 5 days and over the past one month there was a price change of 4.97%. Year-to-date (YTD), W shares are showing a performance of 0.05% which increased to 74.38% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $29.51 but also hit the highest price of $90.71 during that period. The average intraday trading volume for Wayfair Inc shares is 4.28 million. The stock is currently trading -3.31% below its 20-day simple moving average (SMA20), while that difference is up 6.22% for SMA50 and it goes to 3.39% higher than SMA200.
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Wayfair Inc (NYSE: W) currently have 92.46M outstanding shares and institutions hold larger chunk of about 86.15% of that.
The stock has a current market capitalization of $7.43B and its 3Y-monthly beta is at 3.29. It has posted earnings per share of -$6.52 in the same period. It has Quick Ratio of 0.82. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for W, volatility over the week remained 4.72% while standing at 4.61% over the month.
Analysts are in expectations that Wayfair Inc (W) stock would likely to be making an EPS of -$0.45 in the current quarter, while forecast for next quarter EPS is $0.53 and it is $2.09 for next year. For the current quarter EPS, analysts have given the company a lowest target -$1.42 which is -$0.13 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$1.13 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 188.73% while it is estimated to increase by 117.51% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Evercore ISI on April 04, 2024 offering an Outperform rating for the stock and assigned a target price range of between $65 and $80 to it. Coverage by Mizuho stated Wayfair Inc (W) stock as a Buy in their note to investors on March 19, 2024, suggesting a price target of $72 for the stock. On February 16, 2024, Raymond James Upgrade their recommendations, while on January 16, 2024, Morgan Stanley Upgrade their ratings for the stock with a price target of $80. Stock get a Market perform rating from BMO Capital Markets on January 09, 2024.
