Wayfair (W) Trading With Heavy Volume Before Market Open
Trade-Ideas LLC identified
(
) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Wayfair as such a stock due to the following factors:
- W has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $42.2 million.
- W traded 133,463 shares today in the pre-market hours as of 9:12 AM, representing 11.6% of its average daily volume.
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More details on W:
Wayfair Inc. engages in the e-commerce business in the United States. It offers approximately seven million products for the home under various brands. Currently there are 6 analysts that rate Wayfair a buy, no analysts rate it a sell, and 6 rate it a hold.
The average volume for Wayfair has been 1.2 million shares per day over the past 30 days. Wayfair has a market cap of $3.0 billion and is part of the services sector and retail industry. Shares are down 24.3% year-to-date as of the close of trading on Thursday.
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Analysis:
rates Wayfair as a
. Among the areas we feel are negative, one of the most important has been poor profit margins.
Highlights from the ratings report include:
- The gross profit margin for WAYFAIR INC is rather low; currently it is at 24.95%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -2.09% trails that of the industry average.
- The company, on the basis of net income growth from the same quarter one year ago, has significantly underperformed compared to the Internet & Catalog Retail industry average, but is greater than that of the S&P 500. The net income increased by 78.6% when compared to the same quarter one year prior, rising from -$72.55 million to -$15.50 million.
- Compared to other companies in the Internet & Catalog Retail industry and the overall market, WAYFAIR INC's return on equity significantly trails that of both the industry average and the S&P 500.
- W has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.06, which illustrates the ability to avoid short-term cash problems.
- Net operating cash flow has significantly increased by 64.41% to $90.37 million when compared to the same quarter last year. In addition, WAYFAIR INC has also vastly surpassed the industry average cash flow growth rate of -67.97%.
- You can view the full Wayfair Ratings Report.
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