In today’s recent session, 0.56 million shares of the Wayfair Inc (NYSE:W) have been traded, and its beta is 3.41. Most recently the company’s share price was $45.25, and it changed around -$0.31 or -0.68% from the last close, which brings the market valuation of the company to $5.59B. W at last check was trading at a discount to its 52-week high of $76.18, offering almost -68.35% off that amount. The share price’s 52-week low was $38.02, which indicates that the recent value has risen by an impressive 15.98% since then. We note from Wayfair Inc’s average daily trading volume that its 10-day average is 4.28 million shares, with the 3-month average coming to 4.05 million.

Wayfair Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.03. 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 0.15 for the current quarter.

Wayfair Inc (NYSE:W) trade information

Instantly W has been showing red trend so far today with a performance of -0.68% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 46.09 on recent trading dayincreased the stock’s daily price by 1.82%. The company’s shares are currently down -26.66% year-to-date, but still up 2.65% over the last five days. On the other hand, Wayfair Inc (NYSE:W) is -14.65% down in the 30-day period. We can see from the shorts that 22.37 million shares have been sold at a short interest cover period of 5.86 day(s).

The consensus price target as assigned by Wall Street analysts is $76, which translates to bulls needing to increase their stock price by 40.46% 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 fallen -13.79 percent over the past six months and at a 153.10% annual growth rate that is well above the industry average of 12.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 215.40% in revenue this quarter, and will report an increase of 381.80% in the next quarter. The year-over-year growth rate is expected to be -1.60%, down from the previous year.

Consensus estimates provided by 27 financial analysts predict the company will bring in an average of 2.88B in revenue for the current quarter. 27 analysts expect Wayfair Inc to make 3.09B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.98B and 3.11B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -3.30%. Forecasts for the next quarter put sales growth at -0.70%.

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

W Dividends

Wayfair Inc’s next quarterly earnings report is expected to be released on 2024-Oct-30.

Wayfair Inc (NYSE:W)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 4.62% of Wayfair Inc shares, and 118.33% of them are in the hands of institutional investors. The stock currently has a share float of 124.06%. Wayfair Inc stock is held by 454.0 institutions, with FMR LLC being the largest institutional investor. By 2024-06-30, it held 12.0046% of the shares, which is about 14.41 million shares worth $759.61 million.

CAPITAL WORLD INVESTORS, with 10.124% or 12.15 million shares worth $640.6 million as of 2024-06-30, holds the second largest percentage of outstanding shares.