Wayfair Inc [W] stock prices are up 9.24% to $57.34 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The W shares have gain 13.59% over the last week, with a monthly amount glided 2.08%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, Wayfair Announces Fourth Quarter and Full Year 2023 Results, Returns to Positive Year-Over-Year Active Customer Growth. In a post published today on Yahoo Finance, Q4 Net Revenue of $3.1 billion with 22.4 million Active Customers.
From an analyst’s perspective:
Wayfair Inc [NYSE: W] stock has seen the most recent analyst activity on February 16, 2024, when Raymond James upgraded its rating to a Strong Buy but kept the price target unchanged to $65 for it. Previously, Morgan Stanley upgraded its rating to Overweight on January 16, 2024, and elevated its price target to $80. On January 09, 2024, BMO Capital Markets initiated with a Market Perform rating and assigned a price target of $57 on the stock. Deutsche Bank started tracking the stock assigning a Buy rating and suggested a price target of $55 on November 16, 2023. Stifel initiated its recommendation with a Hold and recommended $51 as its price target on October 17, 2023. Loop Capital upgraded its rating to Hold for this stock on October 16, 2023, and downed its price target to $50. In a note dated September 22, 2023, Bernstein upgraded an Mkt Perform rating on this stock and boosted its target price from $60 to $65.
The stock price of Wayfair Inc [W] has been fluctuating between $29.51 and $90.71 over the past year. Currently, Wall Street analysts expect the stock to reach $117.8 within the next 12 months. Wayfair Inc [NYSE: W] shares were valued at $57.34 at the most recent close of the market. An investor can expect a potential return of 105.44% based on the average W price forecast.
Analyzing the W fundamentals
The Wayfair Inc [NYSE:W] reported sales of 12.00B for trailing twelve months, representing a surge of 0.42%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 54.77 points at the first support level, and at 52.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 58.76, and for the 2nd resistance point, it is at 60.17.
Wayfair Inc [W] reported earnings per share of -$0.11 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.16/share, meaning a difference of $0.05 and a surprise factor of 31.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.13 per share as compared to estimates of -$0.48 per share, a difference of $0.35 representing a surprise of 72.90%.
Ratios To Look Out For
It’s worth pointing out that Wayfair Inc [NYSE:W]’s Current Ratio is 0.85. On the other hand, the Quick Ratio is 0.82, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 0.57.
Transactions by insiders
Recent insider trading involved Shah Niraj, Chief Executive Officer, that happened on Feb 09 when 8300.0 shares were sold. Co-Founder, Conine Steven completed a deal on Feb 09 to sell 8300.0 shares. Meanwhile, Chief Executive Officer Shah Niraj sold 1700.0 shares on Feb 08.
