There is no doubt that Wayfair Inc. (W) ticks all the boxes.

Wayfair Inc. (NYSE: W) stock fell -0.43% on Wednesday to $35.06 against a previous-day closing price of $35.21. With 2.71 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.3 million shares. During the session, the Internet Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $35.97 whereas the lowest price it dropped to was $34.10. The 52-week range on W shows that it touched its highest point at $76.35 and its lowest point at $28.11 during that stretch. It currently has a 1-year price target of $47.31. Beta for the stock currently stands at 2.99.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of W was down-trending over the past week, with a drop of -5.60%, but this was down by -2.09% over a month. Three-month performance dropped to -8.53% while six-month performance rose 6.24%. The stock lost -30.19% in the past year, while it has gained 6.60% so far this year. A look at the trailing 12-month EPS for W yields -12.81 with Next year EPS estimates of -1.79. For the next quarter, that number is -0.78. This implies an EPS growth rate of -896.90% for this year and 44.80% for next year.

Float and Shares Shorts:

At present, 110.00 million W shares are outstanding with a float of 72.78 million shares on hand for trading. On Apr 27, 2023, short shares totaled 22.81 million, which was 20.31% higher than short shares on Mar 30, 2023. In addition to Mr. Niraj S. Shah as the firm’s Co-Founder, Co-Chairman, Pres & CEO, Mr. Steven K. Conine serves as its Co-Founder & Co-Chairman.

Institutional Ownership:

Through their ownership of 118.60% of W’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 58.64% of W, in contrast to 53.42% held by mutual funds. Shares owned by individuals account for 19.34%. As the largest shareholder in W with 14.84% of the stake, Fidelity Management & Research Co holds 12,592,956 shares worth 12,592,956. A second-largest stockholder of W, Capital Research & Management Co, holds 10,682,248 shares, controlling over 12.59% of the firm’s shares. Baillie Gifford & Co. is the third largest shareholder in W, holding 8,585,838 shares or 10.12% stake. With a 8.21% stake in W, the American Funds Growth Fund of Ame is the largest stakeholder. A total of 6,962,212 shares are owned by the mutual fund manager. The American Funds Small Cap World Fu, which owns about 4.30% of W stock, is the second-largest Mutual Fund holder. It holds 3,648,801 shares valued at 127.09 million. Fidelity Growth Company Fund holds 4.05% of the stake in W, owning 3,436,701 shares worth 119.7 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, W reported revenue of $3.28B and operating income of -$332.00M. The EBITDA in the recently reported quarter was -$240.00M and diluted EPS was -$3.59.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for W since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With W analysts setting a high price target of $118.00 and a low target of $25.00, the average target price over the next 12 months is $48.21. Based on these targets, W could surge 236.57% to reach the target high and fall by -28.69% to reach the target low. Reaching the average price target will result in a growth of 37.51% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded W stock several times over the past three months with 21 Buys and 18 Sells. In these transactions, 92,959 shares were bought while 38,677 shares were sold. The number of buy transactions has increased to 72 while that of sell transactions has risen to 80 over the past year. The total number of shares bought during that period was 339,652 while 129,960 shares were sold.

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