Momentum Is Strong For Wayfair Inc (NYSE: W)

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. Earlier, Yahoo Finance discussed this stock as it revealed Wayfair Announces Fourth Quarter and Full Year 2023 Results, Returns to Positive Year-Over-Year Active Customer Growth.

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Stocks Info

This NYSE-listed company operates within the Internet Retail industry segment, falling under the Consumer Cyclical sector. The current market capitalization of Wayfair Inc is $6.94B. A total of 4.88 million shares were traded on the day, compared to an average of 4.63M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, W has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 57 BUYs and 76 SELLs from insiders. Insiders purchased 421,985 shares during that period but sold 236,884.

In the most recent transaction, Shah Niraj sold 8,300 shares of W for 52.31 per share on Feb 09. After the transaction, the Chief Executive Officer now owns 259,137 company shares. In a previous transaction on Feb 09, Conine Steven sold 8,300 shares at 52.31 per share. W shares that Co-Founder owns now total 259,073.

Among the insiders who sold shares, Shah Niraj disposed of 1,700 shares on Feb 08 at a per-share price of $52.02. This resulted in the Chief Executive Officer holding 267,437 shares of W after the transaction. In another insider transaction, Conine Steven sold 1,700 shares at $52.02 per share on Feb 08. Company shares held by the Co-Founder now total 267,373.

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 $66.68 with high estimates of $100.00 and low estimates of $42.00. In terms of 52-week highs and lows, W has a high of $90.71 and a low of $29.51.

As of this writing, W has an earnings estimate of -$0.43 per share for the current quarter. EPS was calculated based on a consensus of 27 estimates, with a high estimate of -$0.02 per share and a lower estimate of -$1.42. The company reported an EPS of -$0.13 in the last quarter, which was 72.90% higher than expectations of -$0.48.

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. W’s latest balance sheet shows that the firm has $2.40B in Cash & Short Term Investments as of fiscal 2021. There were $4.05B in debt and $2.22B in liabilities at the time. Its Book Value Per Share was -$22.91, 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 4.07.

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