Liberty Media Corp. (NASDAQ: FWONK)’s stock price has plunge by 2.69relation to previous closing price of 66.93. Nevertheless, the company has seen a 2.20% surge in its stock price over the last five trading sessions. Investopedia reported 2024-04-01 that Formula One (F1) owner Liberty Media (FWONK) is expanding its reach into motorsports by purchasing Dorna Sports, the owner of the rights to the MotoGP World Championship.
Is It Worth Investing in Liberty Media Corp. (NASDAQ: FWONK) Right Now?
Liberty Media Corp. (NASDAQ: FWONK) has a higher price-to-earnings ratio of 167.96x compared to its average ratio, The 36-month beta value for FWONK is at 1.10. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for FWONK is 202.07M, and currently, shorts hold a 1.80% of that float. The average trading volume for FWONK on April 12, 2024 was 1.13M shares.
FWONK’s Market Performance
The stock of Liberty Media Corp. (FWONK) has seen a 2.20% increase in the past week, with a -2.86% drop in the past month, and a 11.05% gain in the past quarter. The volatility ratio for the week is 2.21%, and the volatility levels for the past 30 days are at 2.29% for FWONK. The simple moving average for the last 20 days is 1.57% for FWONK stock, with a simple moving average of 2.30% for the last 200 days.
Analysts’ Opinion of FWONK
Many brokerage firms have already submitted their reports for FWONK stocks, with Morgan Stanley repeating the rating for FWONK by listing it as a “Equal-Weight.” The predicted price for FWONK in the upcoming period, according to Morgan Stanley is $70 based on the research report published on December 18, 2023 of the previous year 2023.
FWONK Trading at 0.62% from the 50-Day Moving Average
After a stumble in the market that brought FWONK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.53% of loss for the given period.
Volatility was left at 2.29%, however, over the last 30 days, the volatility rate increased by 2.21%, as shares sank -1.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.12% upper at present.
During the last 5 trading sessions, FWONK rose by +2.20%, in comparison to the 20-day moving average, which settled at $67.60. In addition, Liberty Media Corp. saw 8.87% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FWONK starting from BERKSHIRE HATHAWAY INC, who purchase 938,896 shares at the price of $26.98 back on Apr 08 ’24. After this action, BERKSHIRE HATHAWAY INC now owns 67,909,913 shares of Liberty Media Corp., valued at $25,333,010 using the latest closing price.
BERKSHIRE HATHAWAY INC, the 10% Owner of Liberty Media Corp., purchase 399,677 shares at $26.95 during a trade that took place back on Apr 08 ’24, which means that BERKSHIRE HATHAWAY INC is holding 33,878,329 shares at $10,772,095 based on the most recent closing price.
Stock Fundamentals for FWONK
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.27 for the gross margin
The net margin for Liberty Media Corp. stands at 0.06. The total capital return value is set at 0.03. Equity return is now at value 2.78, with 1.74 for asset returns.
Based on Liberty Media Corp. (FWONK), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 0.45. The interest coverage ratio of the stock is 1.43.
Currently, EBITDA for the company is 666.0 million with net debt to EBITDA at 2.1. When we switch over and look at the enterprise to sales, we see a ratio of 9.33. The receivables turnover for the company is 26.2for trailing twelve months and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.17.
Conclusion
In conclusion, Liberty Media Corp. (FWONK) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
