Warby Parker Inc [NYSE: WRBY] stock went on a downward path that fall over -23.99% on Wednesday, amounting to a one-week price decrease of less than -12.41%. The company report on November 8, 2023 at 6:45 AM that Warby Parker Announces Third Quarter 2023 Results.
Net revenue increased 14.2% year over year to $169.8 million; Company raises outlook.
Average Revenue per Customer increased 10.0% year over year to $284.
Over the last 12 months, WRBY stock dropped by -25.24%. The one-year Warby Parker Inc stock forecast points to a potential upside of 31.42. The average equity rating for WRBY stock is currently 2.12, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $1.27 billion, with 96.12 million shares outstanding and 83.10 million shares in the current float. Compared to the average trading volume of 1.07M shares, WRBY stock reached a trading volume of 4782521 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Warby Parker Inc [WRBY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WRBY shares is $15.85 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WRBY stock is a recommendation set at 2.12. 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.
BTIG Research have made an estimate for Warby Parker Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 12, 2023.
The Average True Range (ATR) for Warby Parker Inc is set at 0.81, with the Price to Sales ratio for WRBY stock in the period of the last 12 months amounting to 2.00. The Price to Book ratio for the last quarter was 4.19, with the Price to Cash per share for the same quarter was set at 1.82.
WRBY Stock Performance Analysis:
Warby Parker Inc [WRBY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.41. With this latest performance, WRBY shares dropped by -24.30% in over the last four-week period, additionally sinking by -6.05% over the last 6 months – not to mention a drop of -25.24% 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 WRBY stock in for the last two-week period is set at 33.59, with the RSI for the last a single of trading hit 29.31, and the three-weeks RSI is set at 36.91 for Warby Parker Inc [WRBY]. The present Moving Average for the last 50 days of trading for this stock 13.05, while it was recorded at 13.12 for the last single week of trading, and 12.57 for the last 200 days.
Insight into Warby Parker Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Warby Parker Inc [WRBY] shares currently have an operating margin of -18.59 and a Gross Margin at +55.15. Warby Parker Inc’s Net Margin is presently recorded at -18.46.
Return on Total Capital for WRBY is now -29.81, given the latest momentum, and Return on Invested Capital for the company is -30.52. Return on Equity for this stock declined to -38.56, with Return on Assets sitting at -21.87. When it comes to the capital structure of this company, Warby Parker Inc [WRBY] has a Total Debt to Total Equity ratio set at 60.49. Additionally, WRBY Total Debt to Total Capital is recorded at 37.69, with Total Debt to Total Assets ending up at 30.49. Long-Term Debt to Equity for the company is recorded at 52.62, with the Long-Term Debt to Total Capital now at 32.79.
Reflecting on the efficiency of the workforce at the company, Warby Parker Inc [WRBY] managed to generate an average of -$36,409 per employee. Receivables Turnover for the company is 492.88 with a Total Asset Turnover recorded at a value of 1.19.Warby Parker Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.07 and a Current Ratio set at 2.61.
Warby Parker Inc [WRBY] Institutonal Ownership Details
The top three institutional holders of WRBY stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in WRBY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in WRBY stock with ownership which is approximately 5.7994%.