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Friday, September 29, 2023

Analyst Expects Wayfair Inc. (NYSE: W) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Wayfair Inc. (W) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.87, or 1.26%, to $69.98. The Wayfair Inc. has recorded 45,897 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Wayfair Announces Second Quarter 2023 Results.

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Stocks Info

As a NYSE listed company, W falls under the Consumer Cyclical sector while operating within the Internet Retail industry segment. At the end of the last regular session, the stock closed at $69.11 and fluctuated between $69.87 as its day high and $67.89 as its day low. The current market capitalization of Wayfair Inc. is $8.11B. A total of 1.99 million shares were traded on the day, compared to an average of 5.07M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, W has seen 14 BUY and 23 SELL insider trades, representing the acquisition of 170,772 and the disposition of 127,489 shares. Over the last 12 months, there were 76 BUYs and 85 SELLs from insiders. Insiders purchased 508,727 shares during that period but sold 237,198.

In the most recent transaction, Netzer Thomas sold 5,000 shares of W for 85.00 per share on Aug 03. After the transaction, the Chief Operating Officer now owns 104,379 company shares. In a previous transaction on Aug 02, Schaferkordt Anke sold 679 shares at 73.10 per share. W shares that Director owns now total 9,286.

Among the insiders who sold shares, Tan Fiona disposed of 24,069 shares on Jul 05 at a per-share price of $64.13. This resulted in the Chief Technology Officer holding 77,238 shares of W after the transaction. In another insider transaction, Oblak Steve sold 22,193 shares at $64.12 per share on Jul 05. Company shares held by the Chief Commercial Officer now total 242,550.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for W in the last 3 months, the mean price target is $92.14 with high estimates of $139.00 and low estimates of $55.00. In terms of 52-week highs and lows, W has a high of $90.71 and a low of $28.11.

As of this writing, W has an earnings estimate of -$0.49 per share for the current quarter. EPS was calculated based on a consensus of 28 estimates, with a high estimate of -$0.32 per share and a lower estimate of -$0.89. The company reported an EPS of -$1.13 in the last quarter, which was 33.10% higher than expectations of -$1.69.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. W’s latest balance sheet shows that the firm has $2.40B in Cash & Short Term Investments as of fiscal 2021. There were $3.94B in debt and $2.22B in liabilities at the time. Its Book Value Per Share was -$24.09, while its Total Shareholder’s Equity was -$1.62B.

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 W is Buy with a score of 4.04.

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