Wayfair Inc [W] Is Currently 9.24 below its 200 Period Moving Avg: What Does This Mean?

Wayfair Inc [NYSE: W] gained 9.24% on the last trading session, reaching $57.34 price per share at the time. The company report on February 22, 2024 at 7:00 AM that Wayfair Announces Fourth Quarter and Full Year 2023 Results, Returns to Positive Year-Over-Year Active Customer Growth.

Q4 Net Revenue of $3.1 billion with 22.4 million Active Customers.

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Wayfair Inc. (“Wayfair,” “we,” or “our”) (NYSE: W), one of the world’s largest destinations for the home, today reported financial results for its fourth quarter and full year ended December 31, 2023.

If compared to the average trading volume of 4.61M shares, W reached a trading volume of 6498634 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $66.94 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 3.50, with the Price to Sales ratio for W stock in the period of the last 12 months amounting to 0.57.

Trading performance analysis for W stock

Wayfair Inc [W] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.59. With this latest performance, W shares gained by 2.08% in over the last four-week period, additionally sinking by -12.04% over the last 6 months – not to mention a rise of 53.19% 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 58.63, with the RSI for the last a single of trading hit 64.27, and the three-weeks RSI is set at 55.44 for Wayfair Inc [W]. The present Moving Average for the last 50 days of trading for this stock 55.91, while it was recorded at 53.04 for the last single week of trading, and 57.03 for the last 200 days.

Wayfair Inc [W]: A deeper dive into fundamental analysis

Wayfair Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.82 and a Current Ratio set at 0.85.

Wayfair Inc [W]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Wayfair Inc posted -1.13/share EPS, while the average EPS was predicted by analysts to be reported at -1.69/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 33.10%. 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%.

An analysis of Institutional ownership at Wayfair Inc [W]

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%.