At the time of writing, Warby Parker Inc [WRBY] stock is trading at $23.50, down -1.22%. An important factor to consider is whether the stock is rising or falling in short-term value. The WRBY shares have gain 6.72% over the last week, with a monthly amount glided 21.70%, 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 November 19, 2024, when Telsey Advisory Group reiterated its Outperform rating and also boosted its price target to $26 from $22. Previously, Telsey Advisory Group reaffirmed its Outperform rating on November 08, 2024, and elevated its price target to $22. On November 07, 2024, upgrade upgraded it’s rating to Outperform. Goldman upgraded its rating to a Buy and increased its price target to $18 on October 21, 2024. JMP Securities upgraded its rating to a Mkt Outperform but $20 remained the price target by the analyst firm on August 23, 2024. In a note dated October 12, 2023, BTIG Research upgraded an Buy rating on this stock but restated the target price of $17.
For the past year, the stock price of Warby Parker Inc fluctuated between $10.28 and $24.60. Currently, Wall Street analysts expect the stock to reach $18 within the next 12 months. Warby Parker Inc [NYSE: WRBY] shares were valued at $23.50 at the most recent close of the market. An investor can expect a potential drop of -23.4% based on the average WRBY price forecast.
Analyzing the WRBY fundamentals
According to Warby Parker Inc [NYSE:WRBY], the company’s sales were 742.53M for trailing twelve months, which represents an 13.30% jump. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at -0.06%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.1 and Total Capital is -0.08.
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 23.25 points at the first support level, and at 23.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.97, and for the 2nd resistance point, it is at 24.45.
Ratios To Look Out For
It is important to note that Warby Parker Inc [NYSE:WRBY] has a current ratio of 2.44. On the other hand, the Quick Ratio is 2.04, and the Cash Ratio is 1.93. Considering the valuation of this stock, the price to sales ratio is 3.90, the price to book ratio is 8.39.
Transactions by insiders
Recent insider trading involved NEIL BLUMENTHAL, Director, that happened on Dec 09 ’24 when 50000.0 shares were purchased. Co-Chief Executive Officer, Blumenthal Neil Harris completed a deal on Dec 03 ’24 to sell 36163.0 shares. Meanwhile, Chief Financial Officer Miller Steven Clive sold 14853.0 shares on Dec 03 ’24.
