Wayfair Inc [NYSE: W] gained 7.63% or 4.85 points to close at $68.44 with a heavy trading volume of 7098426 shares.
The daily chart for W points out that the company has recorded 46.58% gains over the past six months.
If we look at the average trading volume of 4.38M shares, W reached to a volume of 7098426 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 $71.15 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 1.97. 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.
RBC Capital Mkts have made an estimate for Wayfair Inc shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on April 24, 2024. While these analysts kept the previous recommendation, Evercore ISI raised their target price from $65 to $80. The new note on the price target was released on April 04, 2024, representing the official price target for Wayfair Inc stock. Previously, the target price had yet another raise to $72, while Mizuho analysts kept a Buy rating on W stock.
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 0.69. Price to Free Cash Flow for W in the course of the last twelve months was 211.22 with Quick ratio for the last quarter at 0.74.
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 33.75. With this latest performance, W shares gained by 8.27% in over the last four-week period, additionally plugging by 46.58% over the last 6 months – not to mention a rise of 88.96% 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 66.42, with the RSI for the last a single of trading hit 74.04, and the three-weeks RSI is set at 62.04 for Wayfair Inc [W]. The present Moving Average for the last 50 days of trading for this stock 59.93, while it was recorded at 58.27 for the last single week of trading, and 58.81 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 0.74 and a Current Ratio set at 0.78.
An analysis of Institutional ownership at Wayfair Inc [W]
The top three institutional holders of W stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in W stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in W stock with ownership which is approximately 5.8386%.
