In the latest trading session, 3.33 million Wayfair Inc (NYSE:W) shares changed hands as the company’s beta touched 3.43. With the company’s most recent per share price at $49.75 changed hands at -$2.46 or -4.71% at last look, the market valuation stands at $6.14B. W’s current price is a discount, trading about -53.13% off its 52-week high of $76.18. The share price had its 52-week low at $38.02, which suggests the last value was 23.58% up since then. When we look at Wayfair Inc’s average trading volume, we note the 10-day average is 3.5 million shares, with the 3-month average coming to 4.32 million.
Analysts gave the Wayfair Inc (W) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.05. If we narrow down to specifics, the data shows that 0 out of 30 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 10 recommended W as a Hold, 19 felt it is a Buy and 0 rated the stock as Underweight.
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Wayfair Inc (NYSE:W) trade information
Instantly W was in red as seen in intraday trades today. With action -9.94%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -19.37%, with the 5-day performance at -9.94% in the red. However, in the 30-day time frame, Wayfair Inc (NYSE:W) is -5.87% down. Looking at the short shares, we see there were 20.34 million shares sold at short interest cover period of 4.59 days.
The consensus price target for the stock as assigned by Wall Street analysts is 75, meaning bulls need an upside of 33.67% from its recent market value. According to analyst projections, W’s forecast low is 20 with 375 as the target high. To hit the forecast high, the stock’s price needs a -653.77% plunge from its current level, while the stock would need to tank 59.8% for it to hit the projected low.
Wayfair Inc (W) estimates and forecasts
Data shows that the Wayfair 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 -9.10% over the past 6 months, a 156.64% in annual growth rate that is considerably higher than the industry average of 13.10%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -2.82%. The 2024 estimates are for Wayfair Inc earnings to increase by 156.09%, but the outlook for the next 5-year period is at 45.30% per year.
W Dividends
Wayfair Inc is expected to release its next quarterly earnings report on 2024-Nov-01.
Wayfair Inc (NYSE:W)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.68% of Wayfair Inc shares while 130.18% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 136.57%. There are 130.18% institutions holding the Wayfair Inc stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 12.0046% of the shares, roughly 14.41 million W shares worth $759.61 million.
CAPITAL WORLD INVESTORS holds the second largest percentage of outstanding shares, with 9.958% or 12.15 million shares worth $640.6 million as of 2024-06-30.
