Liberty Media Corp. (NASDAQ: FWONK)’s stock price has plunge by -0.13relation to previous closing price of 70.55. Nevertheless, the company has seen a 0.90% 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 172.19x compared to its average ratio. FWONK has 36-month beta value of 1.08. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for FWONK is 202.07M, and currently, short sellers hold a 1.77% ratio of that float. The average trading volume of FWONK on May 07, 2024 was 1.11M shares.
FWONK’s Market Performance
FWONK’s stock has seen a 0.90% increase for the week, with a 2.88% rise in the past month and a 7.90% gain in the past quarter. The volatility ratio for the week is 2.16%, and the volatility levels for the past 30 days are at 2.01% for Liberty Media Corp. The simple moving average for the past 20 days is 2.48% for FWONK’s stock, with a 5.31% simple moving average for the past 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 2.22% 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 -10.33% of loss for the given period.
Volatility was left at 2.01%, however, over the last 30 days, the volatility rate increased by 2.16%, as shares surge +3.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.49% upper at present.
During the last 5 trading sessions, FWONK rose by +0.90%, in comparison to the 20-day moving average, which settled at $68.86. In addition, Liberty Media Corp. saw 11.61% 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 311,637 shares at the price of $25.47 back on Apr 29 ’24. After this action, BERKSHIRE HATHAWAY INC now owns 70,002,897 shares of Liberty Media Corp., valued at $7,936,272 using the latest closing price.
BERKSHIRE HATHAWAY INC, the 10% Owner of Liberty Media Corp., purchase 277,248 shares at $24.34 during a trade that took place back on Apr 26 ’24, which means that BERKSHIRE HATHAWAY INC is holding 69,691,260 shares at $6,747,856 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 9.15. 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
To put it simply, Liberty Media Corp. (FWONK) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
