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Tuesday, January 31, 2023

Wayfair Inc. (W): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Wayfair Inc. (W) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.52, or 1.34%, to $39.43. The Wayfair Inc. has recorded 38,702 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Wayfair Professional Launches Year-Long Partnership with Lamb & Co..

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Stocks Info

This NYSE-listed company operates within the Internet Retail industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $38.91 and fluctuated between $40.57 as its day high and $38.44 as its day low. The current market capitalization of Wayfair Inc. is $4.06B. A total of 4.96 million shares were traded on the day, compared to an average of 4.39M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, W has seen 11 BUY and 12 SELL insider trades, representing the acquisition of 68,271 and the disposition of 21,000 shares. Over the last 12 months, there were 44 BUYs and 74 SELLs from insiders. Insiders purchased 261,878 shares during that period but sold 75,920.

In the most recent transaction, Oblak Steve sold 854 shares of W for 44.40 per share on Jan 18. After the transaction, the Chief Commercial Officer now owns 183,941 company shares. In a previous transaction on Jan 04, Tan Fiona sold 7,418 shares at 33.49 per share. W shares that Chief Technology Officer owns now total 41,925.

Among the insiders who sold shares, Oblak Steve disposed of 3,402 shares on Jan 04 at a per-share price of $33.36. This resulted in the Chief Commercial Officer holding 181,795 shares of W after the transaction. In another insider transaction, Gulliver Kate sold 3,175 shares at $33.25 per share on Jan 04. Company shares held by the CFO and Chief Admin Officer now total 21,107.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for W in the last 3 months, the mean price target is $44.14 with high estimates of $124.00 and low estimates of $20.00. In terms of 52-week highs and lows, W has a high of $164.88 and a low of $28.11.

As of this writing, W has an earnings estimate of -$2.14 per share for the current quarter. EPS was calculated based on a consensus of 29 estimates, with a high estimate of -$1.71 per share and a lower estimate of -$3.71. The company reported an EPS of -$1.96 in the last quarter, which was -25.60% lower than expectations of -$1.56.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 36 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for W is Sell with a score of 2.88. A total of 8 analysts rated the stock as Buy while 1 rated it as Overweight while 19 rated it as Hold. Among the other participants, 2 thought the stock was Underweight and 6 thought it should be Sold.

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