Wayfair Inc [NYSE: W] stock went on a downward path that fall over -3.37% on Wednesday, amounting to a one-week price decrease of less than -3.23%. The company report on February 6, 2024 at 7:30 AM that Wayfair Announces Decorify App for Apple Vision Pro.
Wayfair’s virtual room styler and 3D imaging tools enable Apple Vision Pro users to reimagine their living spaces and experience the future of shopping in their home.
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Wayfair Inc. (NYSE:W), one of the world’s largest destinations for the home, today announced Decorify, Wayfair’s generative AI pilot application, is now available on Apple Vision Pro. Using the app, users can quickly and easily redesign their spaces in familiar and new styles, and experience their new spaces in an immersive environment. The Wayfair Decorify app is available in the visionOS App Store for Apple Vision Pro today.
Over the last 12 months, W stock dropped by -5.81%. The one-year Wayfair Inc stock forecast points to a potential upside of 27.89. The average equity rating for W stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $5.75 billion, with 117.95 million shares outstanding and 83.38 million shares in the current float. Compared to the average trading volume of 4.30M shares, W stock reached a trading volume of 6138113 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $67.65 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 2.00. 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.
Raymond James have made an estimate for Wayfair Inc shares, keeping their opinion on the stock as Strong Buy, with their previous recommendation back on February 16, 2024. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $60 to $80. The new note on the price target was released on January 16, 2024, representing the official price target for Wayfair Inc stock. Previously, the target price had yet another raise to $57, while BMO Capital Markets analysts kept a Market Perform rating on W stock.
The Average True Range (ATR) for Wayfair Inc is set at 3.20, with the Price to Sales ratio for W stock in the period of the last 12 months amounting to 0.48.
W Stock Performance Analysis:
Wayfair Inc [W] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.23. With this latest performance, W shares dropped by -17.01% in over the last four-week period, additionally sinking by -30.31% over the last 6 months – not to mention a drop of -5.81% 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 40.51, with the RSI for the last a single of trading hit 37.27, and the three-weeks RSI is set at 42.74 for Wayfair Inc [W]. The present Moving Average for the last 50 days of trading for this stock 55.96, while it was recorded at 51.08 for the last single week of trading, and 56.71 for the last 200 days.
Insight into Wayfair Inc Fundamentals:
Wayfair Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.85 and a Current Ratio set at 0.89.
W Stock EPS
With the latest financial reports released by the company, Wayfair Inc posted -1.71/share EPS, while the average EPS was predicted by analysts to be reported at -1.61/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -6.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for W. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Wayfair Inc go to 43.20%.
Wayfair Inc [W] Institutonal Ownership Details
The top three institutional holders of W stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in W stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in W stock with ownership which is approximately 5.8325%.
