During the last session, Warby Parker Inc. (NYSE:WRBY)’s traded shares were 2.09 million. At the end of the trading day, the stock’s price was $12.60, reflecting an intraday loss of -5.90% or -$0.79. The 52-week high for the WRBY share is $60.30, that puts it down -378.57 from that peak though still a striking -2.94% loss since the share price plummeted to a 52-week low of $12.97. The company’s market capitalization is $1.42B, and the average intraday trading volume over the past 10 days was 1.72 million shares, and the average trade volume was 1.77 million shares over the past three months.
Warby Parker Inc. (WRBY) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.20. WRBY has a Sell rating from 0 analyst(s) out of 10 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.01.
Warby Parker Inc. (NYSE:WRBY) trade information
Warby Parker Inc. (WRBY) registered a -5.90% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -5.90% in intraday trading to $12.60 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is -6.60%, and it has moved by -20.85% in 30 days. The short interest in Warby Parker Inc. (NYSE:WRBY) is 19.82 million shares and it means that shorts have 17.07 day(s) to cover.
The consensus price target of analysts on Wall Street is $22.56, which implies an increase of 44.15% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $15.00 and $30.00 respectively. As a result, WRBY is trading at a discount of -138.1% off the target high and -19.05% off the low.
Warby Parker Inc. (WRBY) estimates and forecasts
Statistics show that Warby Parker Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Warby Parker Inc. (WRBY) shares have gone down -71.30% during the last six months, with a year-to-date growth rate more than the industry average at 162.50% against 8.40. In the rating firms’ projections, revenue will increase 21.50% compared to the previous financial year.
Revenue for the current quarter is expected to be $154.05 million as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to $157.56 million by the end of Jun 2022.
While earnings are projected to return -168.00% in 2022.
Warby Parker Inc. is due to release its next quarterly earnings on November 12. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Warby Parker Inc. (NYSE:WRBY)’s Major holders
Warby Parker Inc. insiders own 13.24% of total outstanding shares while institutional holders control 99.62%, with the float percentage being 114.83%. Price (T.Rowe) Associates Inc is the largest shareholder of the company, while 154 institutions own stock in it. As of Dec 30, 2021, the company held over 19.52 million shares (or 20.48% of all shares), a total value of $908.79 million in shares.
The next largest institutional holding, with 19.52 million shares, is of Price (T.Rowe) Associates Inc’s that is approximately 20.48% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $908.79 million.
Also, the Mutual Funds coming in first place with the largest holdings of Warby Parker Inc. (WRBY) shares are Price (T.Rowe) New Horizons Fund and Smallcap World Fund. Data provided on Dec 30, 2021 indicates that Price (T.Rowe) New Horizons Fund owns about 6.79 million shares. This amounts to just over 7.12 percent of the company’s overall shares, with a $315.96 million market value. The same data shows that the other fund manager holds slightly less at 4.02 million, or about 4.22% of the stock, which is worth about $187.11 million.