A share price of Wayfair Inc [W] is currently trading at $63.35, up 0.03%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The W shares have gain 5.18% over the last week, with a monthly amount glided 20.53%, and seem to be holding up well over a long-time horizon.
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On 11, March 2024, “Welcome to The Wayborhood” – New Brand Campaign from Wayfair Empowers Everyone to Create their Own Unique Expression of Home. In a post published today on Yahoo Finance, Unveiling a refreshed logo, a new take on the brand’s iconic jingle, and more, the star-studded campaign inspires consumers to celebrate their personal home styles and needs, unapologetically.
From an analyst’s perspective:
Wayfair Inc [NYSE: W] stock has seen the most recent analyst activity on March 19, 2024, when Mizuho initiated its Buy rating and assigned the stock a price target of $72. Previously, Raymond James upgraded its rating to Strong Buy on February 16, 2024, and kept the price target unchanged to $65. On January 16, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $80 on the stock. BMO Capital Markets started tracking the stock assigning a Market Perform rating and suggested a price target of $57 on January 09, 2024. Deutsche Bank initiated its recommendation with a Buy and recommended $55 as its price target on November 16, 2023. Stifel started tracking with a Hold rating for this stock on October 17, 2023, and assigned it a price target of $51. In a note dated October 16, 2023, Loop Capital upgraded an Hold rating on this stock and revised its target price from $60 to $50.
Wayfair Inc experienced fluctuations in its stock price throughout the past year between $29.51 and $90.71. Currently, Wall Street analysts expect the stock to reach $117.8 within the next 12 months. Wayfair Inc [NYSE: W] shares were valued at $63.35 at the most recent close of the market. An investor can expect a potential return of 85.95% based on the average W price forecast.
Analyzing the W fundamentals
Trailing Twelve Months sales for Wayfair Inc [NYSE:W] were 12.00B which represents 0.42% growth. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at -0.06%, Pretax Profit Margin comes in at -0.06%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.21, Equity is 0.27 and Total Capital is -0.57. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -1.23.
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 62.48 points at the first support level, and at 61.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 64.86, and for the 2nd resistance point, it is at 66.36.
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
To put it in perspective, the Current Ratio for Wayfair Inc [NYSE:W] is 0.85. Further, the Quick Ratio stands at 0.82, while the Cash Ratio is 0.61. Considering the valuation of this stock, the price to sales ratio is 0.64.
Transactions by insiders
Recent insider trading involved Netzer Thomas, Chief Operating Officer, that happened on Mar 18 ’24 when 984.0 shares were sold. Co-Founder, Conine Steven completed a deal on Mar 07 ’24 to sell 10000.0 shares. Meanwhile, Chief Executive Officer Shah Niraj sold 10000.0 shares on Mar 07 ’24.
