Should you buy Wayfair stock? (January 2024)

Published first at https://www.3minutebreakdowns.com Wayfair stock analysis. Ticker: $W Furniture company Wayfair is an extremely volatile stock. Shares popped 10% on Friday on news of job cuts but the stock is still down more than 80% from its 2021 peak. At the current price, the company has a market cap of 6.6 billion dollars. It's got 1.3 billion of cash on the balance sheet and 3.2 billion of long term debt. So the enterprise value is 8.5 billion. Wayfair went public in October 2014 and five months later, short interest cleared 10%. Since then, the figure has been consistently in the double-digits and right now 24% of Wayfair’s float is sold short. In other words, there are a lot of investors betting against Wayfair and it’s not difficult to see why. The company was founded more than 20 years ago but it’s still nowhere close to profitability. Net losses over the past four quarters near a billion dollars. In fact, 2020 is the company’s only profitable year since its IPO. Adjusted EBITDA is at least positive, but add back stock-based compensation and Wayfair is still sharply in the red. #investing #wayfair #stockstotrade #3mb