Wayfair Inc. (NYSE: W) Is An Exciting Stock

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Wayfair Inc. (NYSE:W) traded at $180.08 at close of the session on Friday, 01/07/22, made an upward move of 3.42% on its previous day’s price.

Looking at the stock we see that its previous close was $174.12 and the beta (5Y monthly) reads 2.92 with the day’s price range being $171.51 – $181.10. The company has a trailing 12-month PE ratio of 228.24. In terms of its 52-week price range, W has a high of $369.00 and a low of $165.75. The company’s stock has lost about -24.33% over that past 30 days.

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Wayfair Inc. has a market cap of $18.20 billion and is expected to release its quarterly earnings report on Feb 23, 2022 – Feb 28, 2022. Estimates by analysts give the company expected earnings per share (EPS) of -$0.63, with the EPS growth for the year raised at $2.65 for 2021 and $1.87 for next year. These figures represent -47.40% and -29.40% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $3.33 billion, with a low of $3.07 billion and a high of $3.6 billion. The median projection represents growth adding up to -9.30% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $13.79 billion, or -2.50% down from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the W stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 30 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 15 have rated the Wayfair Inc. (W) stock as a Hold, while 10 rate it as a Buy. 0 analyst(s) rate it as overweight while 1 of them rated it as underweight, whereas 4 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the W stock currently stands at 17.69, and the current price level is -8.42% off its SMA20 and -21.66% from its 50-day simple moving average. The RSI (14) is pointing at 36.71 while the volatility over the past week is 7.45% and jumps to 5.63% over the past one month. The beta value is 2.83, while the average true range (ATR) is currently pointing at 11.95. The average price target for the stock over the next 12 months is $260.48, with the estimates having a low of $160.00 and a high of $370.00. These price ends are 11.15% and -105.46% off the current price level respectively, although investors could be excited at the prospect of a -38.83% if the W share price touches on the median price of $250.00.

Let’s briefly compare Wayfair Inc. (W) stock to its peers. We find that current price change of 3.42% and -30.30% over the past 12 months for W competes that of Conn’s Inc. (CONN), which has seen its stock price fall -6.48% in the last trading session and was 85.31% over the last one year. Another of its peers Boot Barn Holdings Inc. (BOOT) has gained 0.59% previous session, and was 150.71% up over the past year, while Party City Holdco Inc. (PRTY) was also down -2.44% in the last session, while its price remained in the red at -19.82% over the same period. Wayfair Inc. has a P/E ratio of 228.24 compared to Conn’s Inc.’s 5.73 and Boot Barn Holdings Inc.’s 27.64. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -0.41% and -0.01%, respectively, at close of the trading.

Coming back to Wayfair Inc. (NYSE:W), we note that the average 3-month trading volume was 1.43 million. Current shares outstanding are 104.05 million.

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The insiders hold 1.40% of the company’s shares. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -5.21% down in year-to-date price movement.

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