Warby Parker Inc [WRBY] stock is trading at $13.79, up 2.68%. 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 WRBY shares have gain 4.55% over the last week, with a monthly amount glided 13.50%, and seem to be holding up well over a long-time horizon.
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On 28, February 2024, Warby Parker Announces Fourth Quarter and Full Year 2023 Results. In a post published today on Yahoo Finance, 2023 net revenue increased 12.0% to $669.8 million.
From an analyst’s perspective:
Warby Parker Inc [NYSE: WRBY] stock has seen the most recent analyst activity on October 12, 2023, when BTIG Research upgraded its rating to a Buy but kept the price target unchanged to $17 for it. Previously, Evercore ISI upgraded its rating to Outperform on October 03, 2023, and kept the price target unchanged to $20. On September 25, 2023, UBS initiated with a Neutral rating and assigned a price target of $13 on the stock. William Blair started tracking the stock assigning a Mkt Perform rating. JMP Securities initiated its recommendation with a Mkt Perform. Citigroup downgraded its rating to Neutral for this stock on March 01, 2023, and downed its price target to $13. In a note dated February 07, 2023, BTIG Research initiated an Neutral rating.
Warby Parker Inc [WRBY] stock has fluctuated between $9.83 and $16.49 over the past year. Currently, Wall Street analysts expect the stock to reach $20 within the next 12 months. Warby Parker Inc [NYSE: WRBY] shares were valued at $13.79 at the most recent close of the market. An investor can expect a potential return of 45.03% based on the average WRBY price forecast.
Analyzing the WRBY fundamentals
Warby Parker Inc [NYSE:WRBY] reported sales of 669.76M for the trailing twelve months, which represents a growth of 10.49%. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at -0.11%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.21 and Total Capital is -0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.58.
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 13.48 points at the first support level, and at 13.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.95, and for the 2nd resistance point, it is at 14.11.
Warby Parker Inc [WRBY] reported earnings per share of -$0.01 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 $0.01/share, meaning a difference of -$0.02 and a surprise factor of -200.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.01 per share as compared to estimates of $0.01 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
For context, Warby Parker Inc’s Current Ratio is 2.35. Further, the Quick Ratio stands at 1.86, while the Cash Ratio is 1.71. Considering the valuation of this stock, the price to sales ratio is 2.43, the price to book ratio is 5.40.
Transactions by insiders
Recent insider trading involved Miller Steven Clive, Chief Financial Officer, that happened on Mar 11 ’24 when 24225.0 shares were sold. Co-Chief Executive Officer, Gilboa David Abraham completed a deal on Mar 08 ’24 to sell 52065.0 shares. Meanwhile, Co-Chief Executive Officer Blumenthal Neil Harris sold 50000.0 shares on Mar 07 ’24.
