Wayfair Inc. [W] is 120.10% higher this YTD. Is it still time to buy?

Wayfair Inc. [NYSE: W] closed the trading session at $72.39 on 09/06/23. The day’s price range saw the stock hit a low of $71.29, while the highest price level was $74.57. The company report on August 3, 2023 at 7:00 AM that Wayfair Announces Second Quarter 2023 Results.

Returns to Positive Year-Over-Year Order Growth While Hitting Key Profitability Milestone.

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Q2 Net Revenue of $3.2 billion with 21.8 million Active Customers.

The stocks have a year to date performance of 120.10 percent and weekly performance of 9.27 percent. The stock has been moved at 85.57 percent over the last six months. The stock has performed -13.06 percent around the most recent 30 days and changed 46.42 percent over the most recent 3-months.

If compared to the average trading volume of 4.90M shares, W reached to a volume of 3887858 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Wayfair Inc. [W]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for W shares is $91.11 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on W stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Oppenheimer have made an estimate for Wayfair Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on August 18, 2023.

The Average True Range (ATR) for Wayfair Inc. is set at 3.87, with the Price to Sales ratio for W stock in the period of the last 12 months amounting to 0.68.

W stock trade performance evaluation

Wayfair Inc. [W] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.27. With this latest performance, W shares dropped by -13.06% in over the last four-week period, additionally plugging by 85.57% over the last 6 months – not to mention a rise of 45.71% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for W stock in for the last two-week period is set at 53.37, with the RSI for the last a single of trading hit 55.16, and the three-weeks RSI is set at 53.76 for Wayfair Inc. [W]. The present Moving Average for the last 50 days of trading for this stock 70.52, while it was recorded at 71.48 for the last single week of trading, and 48.47 for the last 200 days.

Wayfair Inc. [W]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Wayfair Inc. [W] shares currently have an operating margin of -10.75 and a Gross Margin at +27.96. Wayfair Inc.’s Net Margin is presently recorded at -10.89.

Return on Total Capital for W is now -65.05, given the latest momentum, and Return on Invested Capital for the company is -69.96. Additionally, W Total Debt to Total Capital is recorded at 258.88, with Total Debt to Total Assets ending up at 116.06.

Reflecting on the efficiency of the workforce at the company, Wayfair Inc. [W] managed to generate an average of -$84,535 per employee. Receivables Turnover for the company is 38.36 with a Total Asset Turnover recorded at a value of 3.00.Wayfair Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.

Wayfair Inc. [W]: Institutional Ownership

The top three institutional holders of W stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in W stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in W stock with ownership which is approximately 5.7381%.

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