Wayfair Inc (W) At $50.01 Offering A Unique Opportunity

Wayfair Inc (NYSE:W) currently has a daily average trading volume of 4.12M but it saw 12214741 shares traded in last market. With a market cap of 6.10B USD, the company’s current market price of $50.01 came falling about -8.12 while comparing to the previous closing price of $54.43. In past 52 weeks, the stock remained buoying in the range of price level as high as $90.71 and as low as $38.37.

Taking a look at 20-day trading activity of Wayfair Inc (W) gives us an average price of $52.87, while its current price level is -44.87% below from 52-week high level whereas it is 30.34% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $54.67 while that of 200 days or SMA-200 reads an average of $55.71. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.04% during that period while stretching the period over a month that decreases to 5.88%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 43.18 which implies that the stock is in neutral territory.

BofA Securities downgraded its recommendation for the stock as a “Neutral” from “Buy” on August 01, 2024 while assigning a price target range of $85-$58.

Over the week, W’s stock price is moving 1.81% up while it is -2.97% when we observe its performance for the past one month. Year-to-date it is -18.95% down and over the past year, the stock is showing a downside performance of -34.11%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.21 beat the consensus estimate of -0.74 for the same. In next quarter, company is expected to be making quarterly sales of $2.99B as analysts are expecting the sales for current fiscal year at $12.13B and seeing the company making $12.85B in sales next year. Moreover, analysts are in estimates of $3.18B for current-quarter revenue.

Currently, Wayfair Inc’s total number of outstanding shares is 92.46M. Company’s return on investment (ROI) stands at -53.70%. It has a 27.47 of forward P/E ratio. Stock’s beta reads 3.44. Stock has a price to sale or P/S ratio amounts to 0.51. Its return on asset (ROA) is -19.56% on average.