Wayfair Inc (NYSE: W) Stock: Will It Keep Climbing Higher?

In the last trading session, 3.74 million shares of the Wayfair Inc (NYSE:W) were traded, and its beta was 3.30. Most recently the company’s share price was $57.75, and it changed around $3.02 or 5.52% from the last close, which brings the market valuation of the company to $6.95B. W currently trades at a discount to its 52-week high of $90.71, offering almost -57.07% off that amount. The share price’s 52-week low was $29.51, which indicates that the current value has risen by an impressive 48.9% since then. We note from Wayfair Inc’s average daily trading volume that its 3-month average coming to 4.06 million.

Wayfair Inc stock received a consensus recommendation rating of Hold, based on a mean score of 1.97. If we narrow it down even further, the data shows that 0 out of 23 analysts rate the stock as a Sell; another 9 rate it as Overweight. Among the rest, 9 recommended W as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Wayfair Inc is expected to report earnings per share of -$0.45 for the current quarter.

Wayfair Inc (NYSE:W) trade information

Instantly W has showed a green trend with a performance of 5.52% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -6.40% year-to-date, but still up 4.34% over the last five days. On the other hand, Wayfair Inc (NYSE:W) is -8.81% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $108.17, which translates to bulls needing to increase their stock price by 46.61% from its current value. Analyst projections state that W is forecast to be at a low of $20 and a high of $375.

Wayfair Inc (W) estimates and forecasts

Wayfair Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 31.64 percent over the past six months and at a 173.45% annual growth rate that is well above the industry average of 14.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 60.20% in revenue this quarter, and will report an increase of 152.40% in the next quarter. The year-over-year growth rate is expected to be -0.30%, down from the previous year.

Consensus estimates provided by 29 financial analysts predict the company will bring in an average of $2.64 billion in revenue for the current quarter. 29 analysts expect Wayfair Inc to make $3.1 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $2.77 billion and $3.17 billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -4.70%. Forecasts for the next quarter put sales growth at -2.30%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -2.82%.