As of Wednesday close, Wolverine World Wide Inc.’s (NYSE:WWW) stock traded at $8.10. The average number of shares traded per day over the past five days has been 3,060,960 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.70 fall in that time frame. In the last twenty days, the average volume was 1,322,335, while in the previous 50 days, it was 987,954.
Since last month, WWW stock retreated -38.03%. Shares of the company fell to $7.92 on 08/14/23, the lowest level in the past month. A 52-week high of $23.46 was reached on 05/10/23 after having rallying from a 52-week low of $7.92. Since the beginning of this year, WWW’s stock price has dropped by -25.89% or -$2.83, and marked a new high 21 times. However, the stock has declined by -65.47% since its 52-week high.
WWW stock investors should be aware that Wolverine World Wide Inc. (WWW) stock had its last reported insider trading activity 73 days ago on Jun 05. LAUDERBACK BRENDA J, the Director of the company, disposed of 3,050 shares for $13.68 on Jun 05. It resulted in a $41,724 divestment by the insider. Long Nicholas T. added 10,000 shares at an average price of $16.13 on Feb 24. The insider now owns 26,334 shares following the transaction. On Dec 09, Director BOROMISA JEFFREY M bought 100,000 shares at $10.49 apiece. The transaction was valued at $1,049,000.
Valuation Metrics
The stock’s beta is 1.72. Besides these, the trailing price-to-sales (P/S) ratio of 0.24, the price-to-book (PB) ratio of 1.97.
The latest dividend of $0.10 per share was paid out, remained unchanged from last year’s $0.10. On Wednesday February 13 2019, a $0.02 dividend increase was announced.
Financial Health
In the three months ended June 29, Wolverine World Wide Inc.’s quick ratio stood at 0.50, while its current ratio was 1.20, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.21, and the total debt-to-equity ratio was 3.62. On the profitability front, the trailing twelve-month gross margin is 39.20% percent. In the year ended June 29, EBITDA margin amounted to 7.40%, whereas operating margins totaled -7.80%. Based on annual data, WWW earned $1.07 billion in gross profit and brought in $2.68 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -9.80%. Return on equity (ROE) for the past 12 months was -38.80%.
In Wolverine World Wide Inc.’s quarter-end financial report for June 29, it reported total debt of $718.5 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. WWW’s revenue fell -21.2% to $599.4 million during the quarter, while net income inched up to $588.8 million. While analysts expected Wolverine World Wide Inc. to report $0.19 quarterly earnings, the actual figure was $0.19 per share. During the quarter, the company generated $54.7 million in EBITDA. The liabilities of Wolverine World Wide Inc. were 1.99 billion at the end of its most recent quarter ended June 29, and its total debt was $1.3 billion. The value of shareholders’ equity is $79.52 million.
Technical Picture
This quick technical analysis looks at Wolverine World Wide Inc.’s (WWW) price momentum. With a historical volatility rate of 138.90%, the RSI 9-day stood at 11.23% on 16 August.
With respect to its five-day moving average, the current Wolverine World Wide Inc. price is down by -31.36% percent or -$3.70. At present, WWW shares trade -37.84% below its 20-day simple moving average and -49.12% percent below its 100-day simple moving average. However, the stock is currently trading approximately -40.83% below its SMA50 and -52.80% below its SMA200.
Stochastic coefficient K was 5.72% and Stochastic coefficient D was 7.58%, while ATR was 0.72. Given the Stochastic reading of 3.73% for the 14-day period, the RSI (14) reading has been calculated as 16.83%. As of today, the MACD Oscillator reading stands at -1.89, while the 14-day reading stands at -2.73.
Analyst Ratings
Wolverine World Wide Inc. downgraded its rating on Wolverine World Wide Inc. (NYSE: WWW) to a Neutral in a note to investors on August 11, 2023. The analysts firm previously had a Buy rating on the stock.Wolverine World Wide Inc. (WWW) has been rated Hold by analysts. According to 0 brokerage firms, WWW is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Wolverine World Wide Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $10.00, the current consensus forecast for the stock is $8.00 – $13.00. Based on these forecasts, analysts predict Wolverine World Wide Inc. (WWW) will achieve an average price target of $10.14.
