Formula One Group (NASDAQ:FWONK) finished Friday with an addition of $0.65 to close at $59.78, an upside of 1.10 percent. An average of 637,520 shares of common stock have been traded in the last five days. There was a gain of $0.10 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 895,040 shares traded, while the 50-day average volume stands at 1,056,452.
FWONK stock has decreased by -1.90% in the last month. The company shares reached their 1-month lowest point of $56.64 on 12/16/22. With the stock rallying to its 52-week high on 04/21/22, shares of the company touched a low of $50.00 and a high of $71.17 in 52 weeks. It has reached a new high 8 times so far this year and lost -5.47% or -$3.46 in price. In spite of this, the price is down -16.00% from the 52-week high.
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FWONK stock investors should be aware that Formula One Group (FWONK) stock had its last reported insider trading activity 17 days ago on Dec 28. In this transaction, the insider spent $17,055. CAO/PFO, Wendling Brian J, disposed of 1,045 shares at a price of $33.00 on Dec 02. The insider now owns more than $34,485 worth of shares. Prior to that, CAO/PFO Wendling Brian J went on to Sale 24,218 shares at $46.46 each on Nov 30. An amount of $1,125,153 was transacted.
Its gross profit as reported stood at $5.94 billion compared to revenue of $11.4 billion.
The analyst consensus anticipated Formula One Group’s latest quarter earnings to come in at $0.19 per share, but it turned out to be $0.31, a 63.20% surprise. For the quarter, EBITDA amounted to $774.0 million. Shareholders own equity worth $610.71 million.
From a technical analysis perspective, let’s take a brief look at Formula One Group (FWONK) price momentum. RSI 9-day as of the close on 30 December was 52.99%, suggesting the stock is Neutral, with historical volatility in this time frame at 15.32%.
As of today, FWONK’s price is $59.28 +0.17% or $0.10 from its 5-day moving average. FWONK is currently trading -5.11% lower than its 20-day SMA and -9.70% lower than its 100-day SMA. However, the stock’s current price level is +0.47% above the SMA50 and +1.07% above the SMA200.
The stochastic %K and %D were 38.78% and 38.18%, respectively, and the average true range (ATR) was 1.77. With the 14-day stochastic at 49.57% and the average true range at 1.87, the RSI (14) stands at 51.82%. The stock has reached -0.14 on the 9-day MACD Oscillator while the 14-day reading was at -0.38.
Rosenblatt launched coverage on Formula One Group (NASDAQ: FWONK) in its analyst report released on April 26, 2022. The firm assigned the stock a Buy rating. The consensus rating for Formula One Group (FWONK) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FWONK, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.
What is FWONK’s price target for the next 12 months?
Analysts predict a range of price targets between $60.00 and $75.00, with a median target of $71.00. Taking a look at these predictions, the average price target given by analysts for Formula One Group (FWONK) stock is $69.63.