Wayfair Inc [W] stock prices are up 4.80% to $56.76 at the moment. 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 7.40% over the last week, with a monthly amount glided 33.84%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Wayfair Inc [NYSE: W] stock has seen the most recent analyst activity on August 26, 2024, when Argus downgraded its rating to a Hold. Previously, Gordon Haskett downgraded its rating to Hold on August 01, 2024. On August 01, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $58 on the stock. Argus upgraded its rating to a Buy. RBC Capital Mkts reiterated its recommendation of a Sector Perform and reduced its price target to $61 on April 24, 2024. Evercore ISI upgraded its rating to Outperform for this stock on April 04, 2024, and upped its price target to $80. In a note dated March 19, 2024, Mizuho initiated an Buy rating and provided a target price of $72 on this stock.
The stock price of Wayfair Inc [W] has been fluctuating between $38.02 and $76.18 over the past year. Currently, Wall Street analysts expect the stock to reach $97.82 within the next 12 months. Wayfair Inc [NYSE: W] shares were valued at $56.76 at the most recent close of the market. An investor can expect a potential return of 72.34% based on the average W price forecast.
Analyzing the W fundamentals
The Wayfair Inc [NYSE:W] reported sales of 11.90B for trailing twelve months, representing a drop of -1.70%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.18, Equity is 0.23 and Total Capital is -0.42. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-1.16.
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 55.17 points at the first support level, and at 53.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 58.05, and for the 2nd resistance point, it is at 59.34.
Ratios To Look Out For
It’s worth pointing out that Wayfair Inc [NYSE:W]’s Current Ratio is 0.83. Further, the Quick Ratio stands at 0.79, while the Cash Ratio is 0.59. Considering the valuation of this stock, the price to sales ratio is 0.59.
Transactions by insiders
Recent insider trading involved Netzer Thomas, Chief Operating Officer, that happened on Sep 17 ’24 when 1011.0 shares were sold. Officer, Netzer Thomas completed a deal on Sep 17 ’24 to buy 1011.0 shares. Meanwhile, Officer Shah Niraj bought 2000.0 shares on Sep 10 ’24.
