Formula One Group (NASDAQ:FWONK) saw an upside of 2.92% to close Friday at $52.91 after adding $1.5 on the day. The 5-day average trading volume is 824,660 shares of the company’s common stock. It has gained $52.98 in the past week and touched a new high 3 times within the past 5 days. An average of 684,250 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 669,204.
FWONK’s 1-month performance is 3.16% or $1.62 on its low of $48.51 reached on 09/20/21. The company’s shares have touched a 52-week low of $35.04 and high of $52.11, with the stock’s rally to the 52-week high happening on 10/01/21. YTD, FWONK has achieved 24.20% or $10.31 and has reached a new high 21 times. However, the current price is up 1.54%% from the 52-week high price.
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Formula One Group (FWONK) has a trailing price-to-earnings (P/E) ratio of 19.45 for the broader industry and 30.56 for the sector, meaning that investors are optimistic about the stock’s future prospects. The company’s PE ratio for the last five years has touched a high of 141.74 and a low of 12.87. FWONK stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 9.41 while the price-to-book (PB) in the most recent quarter is 1.87.
The trailing 12-month EBITDA margin is 24.18%. The firm’s gross profit as reported stood at $4.81 billion against revenue of $9.36 billion.
The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. In comparison, the average ROE for the broader industry over the past year is 2.66.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected FWONK to announce -$0.31 per share in earnings in its latest quarter, but it posted $0.24, representing a 177.40% surprise. EBITDA for the quarter stood at more than $890.0 million. FWONK stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 26.65 billion, with total debt at $3.61 billion. Shareholders hold equity totaling $616.57 million
Let’s look briefly at Formula One Group (FWONK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 72.89% to suggest the stock is trending Overbought, with historical volatility in this time period at 22.52%.
The stock’s 5-day moving average is $51.54, reflecting a +4.61% or $2.33 change from its current price. FWONK is currently trading +3.32% above its 20-day SMA, +20.33% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +11.41% and +25.35% respectively.
Stochastic %K and %D was 80.87% and 74.99% and the average true range (ATR) pointed at 1.08. The RSI (14) points at 68.54%, while the 14-day stochastic is at 98.43% with the period’s ATR at 1.04. The stock’s 9-day MACD Oscillator is pointing at 0.72 and 1.26 on the 14-day charts.
In the most recent analyst report for Formula One Group (NASDAQ: FWONK), Goldman launched coverage with a Neutral rating. Analysts offering their rating for FWONK stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate FWONK as a “sell,”, while 4 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.
What is FWONK’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $38.00 and a high of $60.00, with their median price target at $50.50. Looking at these predictions, the average price target given by analysts is for Formula One Group (FWONK) stock is $50.13.