W Stock Summary and Trading Ideas (Wayfair Class A | NYSE:W)

Wayfair engages in e-commerce in the United States (87% of 2023 sales), Canada, the United Kingdom, Germany, and Ireland. At the end of 2023, the firm offered more than 30 million products from more than 20,000 suppliers under the brands Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold. Its offerings include furniture, everyday and seasonal decor, decorative accents, housewares, and other home goods. Wayfair was founded in 2002 and began trading publicly in 2014.

Wayfair Class A trades on the NYSE stock market under the symbol W.

As of April 19, 2024, W stock price declined to $53.68 with 2,913,209 million shares trading.

W has a beta of 2.96, meaning it tends to be more sensitive to market movements. W has a correlation of 0.26 to the broad based SPY ETF.

W has a market cap of $6.46 billion. This is considered a Mid Cap stock.

Last quarter Wayfair Class A reported $3 billion in Revenue and -$.11 earnings per share. This beat revenue expectation by $4 million and exceeded earnings estimates by $.04.

In the last 3 years, W stock traded as high as $339.56 and as low as $28.11.

The top ETF exchange traded funds that W belongs to (by Net Assets): VTI, VB, VBK, VXF, IWR.

W has outperformed the market in the last year with a return of +46.8%, while the SPY ETF gained +21.2%. However, in the most recent history, W shares have underperformed the stock market with its stock returning -4.4% in the last 3 month period and -15.1% for the last 2 week period, while SPY has returned +3.0% and -4.5%, respectively.

W support price is $52.63 and resistance is $56.85 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that W stock will trade within this expected range on the day.