Additionally, the 36-month beta value for WOW is 1.41. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for WOW is 48.66M and currently, short sellers hold a 2.85% ratio of that float. The average trading volume of WOW on May 06, 2024 was 608.37K shares.
WOW) stock’s latest price update
WideOpenWest Inc (NYSE: WOW)’s stock price has soared by 28.23 in relation to previous closing price of 3.79. Nevertheless, the company has seen a gain of 40.06% in its stock price over the last five trading days. InvestorPlace reported 2024-05-03 that Stocks are up today and investors wondering why have come to the right place as we have the latest details behind Friday’s rally! One of the reasons that stocks are up today comes from Apple (NASDAQ: AAPL ).
WOW’s Market Performance
WOW’s stock has risen by 40.06% in the past week, with a monthly rise of 32.79% and a quarterly rise of 40.06%. The volatility ratio for the week is 4.57% while the volatility levels for the last 30 days are 4.31% for WideOpenWest Inc The simple moving average for the last 20 days is 35.58% for WOW’s stock, with a simple moving average of -7.32% for the last 200 days.
Analysts’ Opinion of WOW
KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see WOW reach a price target of $14. The rating they have provided for WOW stocks is “Overweight” according to the report published on April 04th, 2023.
Raymond James gave a rating of “Outperform” to WOW, setting the target price at $14 in the report published on February 24th of the previous year.
WOW Trading at 36.72% from the 50-Day Moving Average
After a stumble in the market that brought WOW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -58.07% of loss for the given period.
Volatility was left at 4.31%, however, over the last 30 days, the volatility rate increased by 4.57%, as shares surge +31.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.20% upper at present.
During the last 5 trading sessions, WOW rose by +40.06%, which changed the moving average for the period of 200-days by -39.25% in comparison to the 20-day moving average, which settled at $3.64. In addition, WideOpenWest Inc saw 20.00% 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 WOW starting from Hryckiewicz Henry, who sale 4,000 shares at the price of $7.50 back on Nov 03 ’23. After this action, Hryckiewicz Henry now owns 189,151 shares of WideOpenWest Inc, valued at $30,000 using the latest closing price.
Hryckiewicz Henry, the Chief Technology Officer of WideOpenWest Inc, sale 4,000 shares at $7.54 during a trade that took place back on Oct 02 ’23, which means that Hryckiewicz Henry is holding 193,151 shares at $30,157 based on the most recent closing price.
Stock Fundamentals for WOW
Current profitability levels for the company are sitting at:
- -0.39 for the present operating margin
- 0.48 for the gross margin
The net margin for WideOpenWest Inc stands at -0.42. The total capital return value is set at -0.18. Equity return is now at value -69.05, with -17.18 for asset returns.
Based on WideOpenWest Inc (WOW), the company’s capital structure generated 0.78 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 3.58. The interest coverage ratio of the stock is -3.75.
Currently, EBITDA for the company is 201.6 million with net debt to EBITDA at 4.87. When we switch over and look at the enterprise to sales, we see a ratio of 1.95. The receivables turnover for the company is 14.22for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.55.
Conclusion
In conclusion, WideOpenWest Inc (WOW) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as 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.
