In the last trading session, 4.45 million shares of the Wayfair Inc (NYSE:W) were traded, and its beta was 3.45. Most recently the company’s share price was $40.26, and it changed around $2.04 or 5.34% from the last close, which brings the market valuation of the company to $4.97B. W currently trades at a discount to its 52-week high of $76.18, offering almost -89.22% off that amount. The share price’s 52-week low was $37.35, which indicates that the current value has risen by an impressive 7.23% since then. We note from Wayfair Inc’s average daily trading volume that its 10-day average is 6.82 million shares, with the 3-month average coming to 4.74 million.

Wayfair Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.00. 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 0.0 for the current quarter.

Wayfair Inc (NYSE:W) trade information

Instantly W has showed a green trend with a performance of 5.34% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 40.73 on recent trading dayincreased the stock’s daily price by 1.15%. The company’s shares are currently down -34.75% year-to-date, but still up 6.59% over the last five days. On the other hand, Wayfair Inc (NYSE:W) is -22.89% down in the 30-day period. We can see from the shorts that 17.1 million shares have been sold at a short interest cover period of 4.06 day(s).

The consensus price target as assigned by Wall Street analysts is $63, which translates to bulls needing to increase their stock price by 36.1% 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 -40.01 percent over the past six months and at a 138.05% annual growth rate that is well above the industry average of 14.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 101.71% in revenue this quarter, and will report an increase of 54.84% in the next quarter. The year-over-year growth rate is expected to be -1.88%, down from the previous year.

Consensus estimates provided by 31 financial analysts predict the company will bring in an average of 3.05B in revenue for the current quarter. 24 analysts expect Wayfair Inc to make 2.75B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 3.11B and 2.73B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -2.07%. Forecasts for the next quarter put sales growth at 0.64%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -2.82%. Wayfair Inc earnings are expected to increase by 137.70% in 2024, but the outlook is positive 57.30% per year for the next five years.

W Dividends

Wayfair Inc’s next quarterly earnings report is expected to be released in December.

Wayfair Inc (NYSE:W)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 4.61% of Wayfair Inc shares, and 116.44% of them are in the hands of institutional investors. The stock currently has a share float of 122.06%. Wayfair Inc stock is held by 477.0 institutions, with FMR LLC being the largest institutional investor. By 2024-06-30, it held 11.8078% of the shares, which is about 14.41 million shares worth $759.61 million.

CAPITAL WORLD INVESTORS, with 9.958% or 12.15 million shares worth $640.6 million as of 2024-06-30, holds the second largest percentage of outstanding shares.