At the last check on Thursday, World Wrestling Entertainment Inc.’s (NYSE:WWE) stock was down -$13.09, moving down -11.90 percent to $96.96. The average number of shares traded per day over the past five days has been 1,052,353 shares. 3 times new highs have been achieved over the past 5 days, with a -$16.69 fall in that time frame. In the last twenty days, the average volume was 645,903, while in the previous 50 days, it was 606,385.
Since last month, WWE stock retreated -8.33%. Shares of the company fell to $93.93 on 08/31/23, the lowest level in the past month. A 52-week high of $118.04 was reached on 08/24/23 after having rallying from a 52-week low of $65.04. Since the beginning of this year, WWE’s stock price has risen by 41.50% or $28.56, and marked a new high 24 times. However, the stock has declined by -17.86% since its 52-week high.
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Valuation Metrics
Right now, World Wrestling Entertainment Inc. (WWE) has a P/E ratio of about 48.26. The stock’s beta is 1.13. Besides these, the trailing price-to-sales (P/S) ratio of 6.03, the price-to-book (PB) ratio of 8.30, and the price-to-cash flow ratio of 145.63 may also be considered.
The latest dividend of $0.12 per share was paid out, remained unchanged from last year’s $0.12.
Financial Health
In the three months ended June 29, World Wrestling Entertainment Inc.’s quick ratio stood at 3.80, while its current ratio was 3.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.42, and the total debt-to-equity ratio was 0.44. In the year ended June 29, EBITDA margin amounted to 31.07%, whereas operating margins totaled 19.60%. Based on annual data, WWE earned $560.9 million in gross profit and brought in $1.29 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 19.00%. Return on equity (ROE) for the past 12 months was 27.20%.
In World Wrestling Entertainment Inc.’s quarter-end financial report for June 29, it reported total debt of $20.62 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. WWE’s revenue rose 20.04% to $297.55 million during the quarter, while net income inched up to $410.37 million. While analysts expected World Wrestling Entertainment Inc. to report $0.91 quarterly earnings, the actual figure was $0.91 per share. During the quarter, the company generated $110.79 million in EBITDA. The liabilities of World Wrestling Entertainment Inc. were 597.91 million at the end of its most recent quarter ended June 29, and its total debt was $414.64 million. The value of shareholders’ equity is $83.16 million.
Technical Picture
This quick technical analysis looks at World Wrestling Entertainment Inc.’s (WWE) price momentum. With a historical volatility rate of 66.53%, the RSI 9-day stood at 21.61% on 30 August.
With respect to its five-day moving average, the current World Wrestling Entertainment Inc. price is down by -14.67% percent or -$16.69. At present, WWE shares trade -8.32% below its 20-day simple moving average and -5.58% percent below its 100-day simple moving average. However, the stock is currently trading approximately -4.18% below its SMA50 and +28.88% above its SMA200.
Stochastic coefficient K was 33.66% and Stochastic coefficient D was 54.04%, while ATR was 4.62. Given the Stochastic reading of 13.04% for the 14-day period, the RSI (14) reading has been calculated as 29.03%. As of today, the MACD Oscillator reading stands at -4.73, while the 14-day reading stands at -4.60.
Analyst Ratings
Seaport Research Partners launched its rating on World Wrestling Entertainment Inc. (NYSE: WWE) to a Neutral in a note to investors on April 24, 2023. World Wrestling Entertainment Inc. (WWE) has been rated Overweight by analysts. According to 0 brokerage firms, WWE is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate World Wrestling Entertainment Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $125.00, the current consensus forecast for the stock is $109.00 – $137.00. Based on these forecasts, analysts predict World Wrestling Entertainment Inc. (WWE) will achieve an average price target of $124.86.
