It makes sense and dollars to buy Wayfair Inc (W) stock

With 4.48 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.3 million shares. During the session, the Internet Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $71.31 whereas the lowest price it dropped to was $67.51. The 52-week range on W shows that it touched its highest point at $90.71 and its lowest point at $29.51 during that stretch. It currently has a 1-year price target of $67.31. Beta for the stock currently stands at 3.29.

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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 up-trending over the past week, with a rise of 3.33%, but this was up by 17.66% over a month. Three-month performance surged to 5.39% while six-month performance rose 15.44%. The stock gained 105.20% in the past year, while it has gained 10.02% so far this year. A look at the trailing 12-month EPS for W yields -6.52 with Next year EPS estimates of 2.24. For the next quarter, that number is -0.37. This implies an EPS growth rate of 183.25% for this year and 138.57% for next year.

Float and Shares Shorts:

At present, 92.46 million W shares are outstanding with a float of 85.81 million shares on hand for trading. On Mar 15, 2024, short shares totaled 21.5 million, which was 17.86% higher than short shares on Feb 15, 2024. In addition to Mr. Niraj S. Shah as the firm’s Co-Founder, Co-Chairman, President & CEO, Mr. Steven K. Conine serves as its Co-Founder & Co-Chairman.

Institutional Ownership:

Through their ownership of 114.61% of W’s outstanding shares, institutional investors have majority control over the company.

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.