The 36-month beta value for WWW is also noteworthy at 1.70. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 4 rating it as “overweight,” 9 rating it as “hold,” and 1 rating it as “sell.”
The public float for WWW is 78.60M, and at present, short sellers hold a 4.95% of that float. The average trading volume of WWW on May 08, 2024 was 856.33K shares.
WWW) stock’s latest price update
The stock of Wolverine World Wide, Inc. (NYSE: WWW) has increased by 9.37 when compared to last closing price of 11.42.Despite this, the company has seen a gain of 19.52% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-08 that Wolverine World Wide (WWW) came out with quarterly earnings of $0.05 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.09 per share a year ago.
WWW’s Market Performance
Wolverine World Wide, Inc. (WWW) has experienced a 19.52% rise in stock performance for the past week, with a 27.71% rise in the past month, and a 54.39% rise in the past quarter. The volatility ratio for the week is 3.83%, and the volatility levels for the past 30 days are at 3.83% for WWW. The simple moving average for the past 20 days is 22.05% for WWW’s stock, with a 36.16% simple moving average for the past 200 days.
Analysts’ Opinion of WWW
Many brokerage firms have already submitted their reports for WWW stocks, with Seaport Research Partners repeating the rating for WWW by listing it as a “Buy.” The predicted price for WWW in the upcoming period, according to Seaport Research Partners is $15 based on the research report published on May 06, 2024 of the current year 2024.
WWW Trading at 22.72% from the 50-Day Moving Average
After a stumble in the market that brought WWW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -30.03% of loss for the given period.
Volatility was left at 3.83%, however, over the last 30 days, the volatility rate increased by 3.83%, as shares surge +30.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.90% upper at present.
During the last 5 trading sessions, WWW rose by +19.04%, which changed the moving average for the period of 200-days by -0.24% in comparison to the 20-day moving average, which settled at $10.38. In addition, Wolverine World Wide, Inc. saw 40.49% 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 WWW starting from BOROMISA JEFFREY M, who purchase 3,500 shares at the price of $8.35 back on Aug 18 ’23. After this action, BOROMISA JEFFREY M now owns 160,400 shares of Wolverine World Wide, Inc., valued at $29,225 using the latest closing price.
Stornant Michael D, the EVP, CFO and Treasurer of Wolverine World Wide, Inc., purchase 3,800 shares at $8.19 during a trade that took place back on Aug 16 ’23, which means that Stornant Michael D is holding 221,844 shares at $31,122 based on the most recent closing price.
Stock Fundamentals for WWW
Current profitability levels for the company are sitting at:
- -0.04 for the present operating margin
- 0.39 for the gross margin
The net margin for Wolverine World Wide, Inc. stands at -0.02. The total capital return value is set at -0.07. Equity return is now at value -13.42, with -1.76 for asset returns.
Based on Wolverine World Wide, Inc. (WWW), the company’s capital structure generated 0.8 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 3.9. The interest coverage ratio of the stock is -1.41.
Currently, EBITDA for the company is 59.3 million with net debt to EBITDA at 12.98. When we switch over and look at the enterprise to sales, we see a ratio of 0.86. The receivables turnover for the company is 9.72for trailing twelve months and the total asset turnover is 1.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.18.
Conclusion
In summary, Wolverine World Wide, Inc. (WWW) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
