In the last trading session, 1.02 million Warby Parker Inc (NYSE:WRBY) shares changed hands as the company’s beta touched 1.59. With the company’s per share price at $10.96 changed hands at -$0.03 or -0.27% during last session, the market valuation stood at $1.29B. WRBY’s last price was a discount, traded about -70.35% off its 52-week high of $18.67. The share price had its 52-week low at $9.50, which suggests the last value was 13.32% up since then. When we look at Warby Parker Inc’s average trading volume, we note the 10-day average is 2.04 million shares, with the 3-month average coming to 1.21 million.
Analysts gave the Warby Parker Inc (WRBY) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.12. If we narrow down to specifics, the data shows that 0 out of 16 analysts rate the stock as a Sell, with a further 2 assigning it an Overweight rating. Of the remaining, 8 recommended WRBY as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Warby Parker Inc’s EPS for the current quarter is expected to be $0.01.
Warby Parker Inc (NYSE:WRBY) trade information
Instantly WRBY was in red as seen at the end of in last trading. With action 4.78%, the performance over the past five days has been green. The drop to weekly highs of 11.96 on Monday, 11/20/23 subtracted -0.27% to the stock’s daily price. The company’s shares are showing year-to-date downside of -18.75%, with the 5-day performance at 4.78% in the green. However, in the 30-day time frame, Warby Parker Inc (NYSE:WRBY) is -21.71% down. Looking at the short shares, we see there were 8.67 million shares sold at short interest cover period of 8.47 days.
The consensus price target for the stock as assigned by Wall Street analysts is $15.38, meaning bulls need an upside of 28.74% from its current market value. According to analyst projections, WRBY’s forecast low is $11.00 with $22.00 as the target high. To hit the forecast high, the stock’s price needs a -100.73% plunge from its current level, while the stock would need to soar -0.36% for it to hit the projected low.
Warby Parker Inc (WRBY) estimates and forecasts
Data shows that the Warby Parker Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -7.90% over the past 6 months, a 533.33% in annual growth rate that is considerably higher than the industry average of 14.10%. Year-over-year growth is forecast to reach 11.80% up from the last financial year.
Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of $160.62 million. 9 analysts are of the opinion that Warby Parker Inc’s revenue for the quarter ending Mar 2024 will be $192.53 million. The company’s revenue for the corresponding quarters a year ago was $146.49 million and $171.97 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 9.60%. The estimates for the next quarter sales put growth at 12.00%.
The 2023 estimates are for Warby Parker Inc earnings to increase by 494.74%.
Warby Parker Inc is expected to release its next quarterly earnings report on November 08.
Warby Parker Inc (NYSE:WRBY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.36% of Warby Parker Inc shares while 92.75% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 100.12%. There are 92.75% institutions holding the Warby Parker Inc stock share, with D1 Capital Partners, LP the top institutional holder. As of Jun 29, 2023, the company held 15.34% of the shares, roughly 14.94 million WRBY shares worth $174.7 million.
Durable Capital Partners Lp holds the second largest percentage of outstanding shares, with 10.36% or 10.09 million shares worth $117.99 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jul 30, 2023 were Fidelity Blue Chip Growth Fund and Vanguard Total Stock Market Index Fund. With 5.57 million shares estimated at $83.23 million under it, the former controlled 5.72% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.57% of the shares, roughly 2.51 million shares worth around $29.29 million.