Wayfair Inc (NYSE:W) price on Wednesday, May 09, fall -1.93% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $68.21.
A look at the stock’s price movement, the close in the last trading session was $69.55. Turning to its 52-week performance, $90.71 and $33.85 were the 52-week high and 52-week low respectively. Overall, W moved 2.85% over the past month.
Wayfair Inc’s market cap currently stands at around $8.32 billion.
Analysts have a consensus estimate of 3.18B for the company’s revenue for the quarter, with a low and high estimate of 3.03B and 3.23B respectively. The average forecast suggests up to a 0.40% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 12.13B, representing a 1.10% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that W is a 50% Sell. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
W’s current price about 19.65% and 13.17% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 64.72, while 7-day volatility ratio is 6.28% and 5.80% in the 30-day chart. Further, Wayfair Inc (W) has a beta value of 3.42, and an average true range (ATR) of 3.82.
If we refocus on Wayfair Inc (NYSE:W), historical trading data shows that trading volumes averaged 4.49 million over the past 3 months. The company’s latest data on shares outstanding shows there are 92.46 million shares.
The 28.32% of Wayfair Inc’s shares are in the hands of company insiders while institutional holders own 83.95% of the company’s shares. Current price change has pushed the stock 10.55% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the W stock continues to rise going into the next quarter.
