During the recent session, Wayfair Inc (NYSE:W)’s traded shares were 7.02 million, with the beta value of the company hitting 3.46. At the last check today, the stock’s price was $42.38, reflecting an intraday loss of -1.06% or -$0.45. The 52-week high for the W share is $76.18, that puts it down -79.75 from that peak though still a striking 10.29% gain since the share price plummeted to a 52-week low of $38.02. The company’s market capitalization is $5.23B, and the average intraday trading volume over the past 10 days was 4.88 million shares, and the average trade volume was 4.40 million shares over the past three months.
Wayfair Inc (W) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.03. W has a Sell rating from 0 analyst(s) out of 30 analysts who have looked at this stock. 10 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 19 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 0.13.
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Wayfair Inc (NYSE:W) trade information
Wayfair Inc (W) registered a -1.06% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.06% in intraday trading to $42.38, hitting a weekly high. The stock’s 5-day price performance is -4.54%, and it has moved by -19.18% in 30 days. Based on these gigs, the overall price performance for the year is -4.52%. The short interest in Wayfair Inc (NYSE:W) is 20.93 million shares and it means that shorts have 5.0 day(s) to cover.
The consensus price target of analysts on Wall Street is $65, which implies an increase of 34.8% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $20 and $375 respectively. As a result, W is trading at a discount of -784.85% off the target high and 52.81% off the low.
Wayfair Inc (W) estimates and forecasts
Statistics show that Wayfair Inc has outperformed its competitors in share price, compared to the industry in which it operates. Wayfair Inc (W) shares have gone down -33.36% during the last six months, with a year-to-date growth rate more than the industry average at 156.64% against 16.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 200.00% this quarter and then jump 354.50% in the quarter after that. In the rating firms’ projections, revenue will decrease -1.70% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.88B as predicted by 30 analyst(s). Meanwhile, a consensus of 30 analyst(s) estimates revenue growth to 3.08B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.98B and 3.11B respectively. In this case, analysts expect current quarter sales to shrink by -3.60% and then drop by -1.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -2.82%. While earnings are projected to return 153.06% in 2024, the next five years will return 45.30% per annum.
W Dividends
Wayfair Inc is due to release its next quarterly earnings on 2024-Nov-01. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Wayfair Inc (NYSE:W)’s Major holders
Wayfair Inc insiders own 4.68% of total outstanding shares while institutional holders control 130.41%, with the float percentage being 136.82%. FMR LLC is the largest shareholder of the company, while 461.0 institutions own stock in it. As of 2024-06-30, the company held over 14.41 million shares (or 12.0046% of all shares), a total value of $759.61 million in shares.
The next largest institutional holding, with 12.15 million shares, is of CAPITAL WORLD INVESTORS’s that is approximately 9.958% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $640.6 million.
