Warby Parker Inc [NYSE: WRBY] traded at a high on Thursday, posting a 18.01 gain after which it closed the day’ session at $14.68.
The results of the trading session contributed to over 4548079 shares changing hands. Over the past one week, the price volatility of Warby Parker Inc stands at 3.58% while the volatility over the past one month is 4.40%.
The market cap for WRBY stock reached $1.74 billion, with 98.37 million shares outstanding and 85.29 million shares in the current float. Compared to the average trading volume of 1.28M shares, WRBY reached a trading volume of 4548079 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $15.18 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 2.20. 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 new note on the price target was released on October 03, 2023, representing the official price target for Warby Parker Inc stock. Previously, the target price had yet another raise to $13, while UBS analysts kept a Neutral rating on WRBY stock.
The Average True Range (ATR) for Warby Parker Inc is set at 0.69, with the Price to Sales ratio for WRBY stock in the period of the last 12 months amounting to 2.60. The Price to Book ratio for the last quarter was 5.75, with the Price to Cash per share for the same quarter was set at 1.83. Price to Free Cash Flow for WRBY in the course of the last twelve months was 238.33 with Quick ratio for the last quarter at 1.86.
How has WRBY stock performed recently?
Warby Parker Inc [WRBY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 19.35. With this latest performance, WRBY shares gained by 9.63% in over the last four-week period, additionally plugging by 2.66% over the last 6 months – not to mention a rise of 21.02% 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 65.64, with the RSI for the last a single of trading hit 72.07, and the three-weeks RSI is set at 61.49 for Warby Parker Inc [WRBY]. The present Moving Average for the last 50 days of trading for this stock 12.66, while it was recorded at 13.05 for the last single week of trading, and 12.87 for the last 200 days.
Warby Parker Inc [WRBY]: Deeper insight into the fundamentals
Warby Parker Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.86 and a Current Ratio set at 2.35.
Insider trade positions for Warby Parker Inc [WRBY]
The top three institutional holders of WRBY 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 WRBY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in WRBY stock with ownership which is approximately 5.8386%.
