As of Wednesday close, Wolverine World Wide Inc.’s (NYSE:WWW) stock was down -$0.09, moving down -1.11 percent to $8.01. The average number of shares traded per day over the past five days has been 1,252,560 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.28 fall in that time frame. In the last twenty days, the average volume was 1,611,735, while in the previous 50 days, it was 1,070,542.
Since last month, WWW stock retreated -36.07%. Shares of the company fell to $7.90 on 08/24/23, the lowest level in the past month. A 52-week high of $20.79 was reached on 05/10/23 after having rallying from a 52-week low of $7.90. Since the beginning of this year, WWW’s stock price has dropped by -26.72% or -$2.92, and marked a new high 21 times. However, the stock has declined by -61.47% since its 52-week high.
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WWW stock investors should be aware that Wolverine World Wide Inc. (WWW) stock had its last reported insider trading activity 13 days ago on Aug 18. BOROMISA JEFFREY M, the Director of the company, purchased of 3,500 shares for $8.35 on Aug 18. It resulted in a $29,225 investment by the insider. Stornant Michael D added 3,800 shares at an average price of $8.19 on Aug 16. The insider now owns 221,844 shares following the transaction. On Jun 05, Director LAUDERBACK BRENDA J sold 3,050 shares at $13.68 apiece. The transaction was valued at $41,724.
Valuation Metrics
The stock’s beta is 1.70. Besides these, the trailing price-to-sales (P/S) ratio of 0.25, the price-to-book (PB) ratio of 1.84, and the price-to-cash flow ratio of 8.04 may also be considered.
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 2.07, and the total debt-to-equity ratio was 3.21. On the profitability front, the trailing twelve-month gross margin is 38.00% percent. In the year ended June 29, EBITDA margin amounted to 7.40%, whereas operating margins totaled -12.00%. 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 -67.50%.
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 -21.11% to $599.3 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 28.03%, the RSI 9-day stood at 23.81% on 30 August.
With respect to its five-day moving average, the current Wolverine World Wide Inc. price is down by -3.38% percent or -$0.28. At present, WWW shares trade -34.13% below its 20-day simple moving average and -49.75% percent below its 100-day simple moving average. However, the stock is currently trading approximately -42.08% below its SMA50 and -33.03% below its SMA200.
Stochastic coefficient K was 8.00% and Stochastic coefficient D was 5.25%, while ATR was 0.42. Given the Stochastic reading of 9.57% for the 14-day period, the RSI (14) reading has been calculated as 23.86%. As of today, the MACD Oscillator reading stands at -0.07, while the 14-day reading stands at -0.14.
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.
