Warby Parker Inc. (WRBY): 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 Warby Parker Inc. (WRBY) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.07, or 0.61%, to $11.54. The Warby Parker Inc. has recorded 14,609 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Warby Parker Announces First Quarter 2023 Results.

Stocks Info

This NYSE-listed company operates within the Medical Instruments & Supplies industry segment, falling under the Healthcare sector. At the end of the last regular session, the stock closed at $11.47 and fluctuated between $11.57 as its day high and $11.29 as its day low. The current market capitalization of Warby Parker Inc. is $1.29B. A total of 0.64 million shares were traded on the day, compared to an average of 1.22M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, WRBY has seen 4 BUY and 5 SELL insider trades, representing the acquisition of 29,432 and the disposition of 46,185 shares. Over the last 12 months, there were 25 BUYs and 99 SELLs from insiders. Insiders purchased 209,325 shares during that period but sold 3,904,348.

In the most recent transaction, Miller Steven Clive sold 8,251 shares of WRBY for 10.89 per share on Mar 13. After the transaction, the Chief Financial Officer now owns 165,547 company shares. In a previous transaction on Mar 10, Blumenthal Neil Harris sold 6,517 shares at 11.04 per share. WRBY shares that Co-Chief Executive Officer owns now total 106.

Among the insiders who sold shares, Gilboa David Abraham disposed of 6,517 shares on Mar 10 at a per-share price of $11.04. This resulted in the Co-Chief Executive Officer holding 235 shares of WRBY after the transaction. In another insider transaction, Miller Steven Clive sold 6,000 shares at $11.04 per share on Mar 10. Company shares held by the Chief Financial Officer now total 173,798.

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 WRBY in the last 3 months, the mean price target is $15.82 with high estimates of $22.00 and low estimates of $12.00. In terms of 52-week highs and lows, WRBY has a high of $18.99 and a low of $9.50.

As of this writing, WRBY has an earnings estimate of $0.03 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.09 per share and a lower estimate of $0.02.

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. WRBY’s latest balance sheet shows that the firm has $256.42M in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $2.48, while its Total Shareholder’s Equity was $286.00M.

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, 0 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 WRBY is Buy with a score of 3.89.