Wayfair Inc [NYSE: W] jumped around 0.98 points on Monday, while shares priced at $54.00 at the close of the session, up 1.85%.
Compared to the average trading volume of 4.10M shares, W reached a trading volume of 5657898 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say 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 $71.14 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 1.92. 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.
Argus have made an estimate for Wayfair Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 16, 2024. While these analysts kept the previous recommendation, RBC Capital Mkts dropped their target price from $62 to $61. The new note on the price target was released on April 24, 2024, representing the official price target for Wayfair Inc stock. Previously, the target price had yet another raise from $65 to $80, while Evercore ISI kept a Outperform rating on W stock.
The Average True Range (ATR) for Wayfair Inc is set at 3.07, with the Price to Sales ratio for W stock in the period of the last 12 months amounting to 0.55. Price to Free Cash Flow for W in the course of the last twelve months was 168.83 with Quick ratio for the last quarter at 0.74.
How has W stock performed recently?
Wayfair Inc [W] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.59. With this latest performance, W shares gained by 3.35% in over the last four-week period, additionally sinking by -3.86% over the last 6 months – not to mention a drop of -21.43% 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 51.72, with the RSI for the last a single of trading hit 54.89, and the three-weeks RSI is set at 49.83 for Wayfair Inc [W]. The present Moving Average for the last 50 days of trading for this stock 55.56, while it was recorded at 51.36 for the last single week of trading, and 55.68 for the last 200 days.
Wayfair Inc [W]: Deeper insight into the fundamentals
Wayfair Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.74 and a Current Ratio set at 0.78.
Insider trade positions for 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 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in W stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in W stock with ownership which is approximately 5.1238%.
