Wayfair Inc (NYSE: W) Plunges -3.04% And Its 6.19% Stock Volatility Is Bewildering

money audit

Wayfair Inc (NYSE:W) does about 4.55M shares in volume on a normal day but saw 4102836 shares change hands in Friday’s trading. The company now has a market cap of 8.62B USD. Its current market price is $70.72, marking a decrease of -3.04% compared to the previous close of $72.94. The 52 week high reached by this stock is $90.71 whilst the lowest price level in 52 weeks is $33.85.

Wayfair Inc (W) has a 20-day trading average at $58.36 and the current price is -22.04% off the 52-week high compared with 108.92% distance from its 52-week low. The 50-day simple moving average of the closing price is $61.02 and its 200-day simple moving average is $58.83. If we look at the stock’s price movements over the week, volatility stands at 6.19%, which decreases to 6.03% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 65.05 to suggest the stock is neutral.

The consensus objective for the share price is $71.28, suggesting that the stock has a potential upside of 0.79% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 24, 2024 when RBC Capital Mkts reiterated the stock to “Sector Perform” and issued a price target of between $62 and $61. Evercore ISI upgraded the stock to “Outperform” from In-line on April 04, 2024 at a price target of $65-$80. Mizuho initiated its price target at $72.

Wayfair Inc (W) stock is up 11.21% over the week and 12.70% over the past month. Its price is 14.62% year-to-date and 97.21% over the past year.

To reach the target analysts have set, the stock logically needs to grow 0.79 percent from here.

The company has a return on investment of -53.70%. The forward price to earnings ratio is 32.83. The beta has a value of 3.44. Price to sales ratio is 0.72.