At the time of writing, Warby Parker Inc [WRBY] stock is trading at $17.23, up 5.45%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The WRBY shares have gain 9.68% over the last week, with a monthly amount glided 6.75%, and seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of Warby Parker Inc fluctuated between $9.83 and $17.95. Currently, Wall Street analysts expect the stock to reach $18.14 within the next 12 months. Warby Parker Inc [NYSE: WRBY] shares were valued at $17.23 at the most recent close of the market. An investor can expect a potential return of 5.28% based on the average WRBY price forecast.
Analyzing the WRBY fundamentals
According to Warby Parker Inc [NYSE:WRBY], the company’s sales were 697.80M for trailing twelve months, which represents an 16.30% jump. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at -0.09%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.09, Equity is -0.18 and Total Capital is -0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.57.
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 16.72 points at the first support level, and at 16.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.48, and for the 2nd resistance point, it is at 17.74.
Ratios To Look Out For
It is important to note that Warby Parker Inc [NYSE:WRBY] has a current ratio of 2.47. In addition, the Quick Ratio stands at 1.99 and the Cash Ratio stands at 1.86. Considering the valuation of this stock, the price to sales ratio is 2.93, the price to book ratio is 6.47.
Transactions by insiders
Recent insider trading involved D1 Capital Partners L.P., 10% Owner, that happened on Jun 14 ’24 when 5.5 million shares were sold. Director, Briggs Teresa completed a deal on Jun 13 ’24 to sell 7396.0 shares. Meanwhile, Chief Financial Officer Miller Steven Clive sold 99816.0 shares on Jun 12 ’24.
