In the past week, FLUT stock has gone up by 3.90%, with a monthly gain of 6.40% and a quarterly plunge of -5.91%. The volatility ratio for the week is 3.19%, and the volatility levels for the last 30 days are 2.51% for Flutter Entertainment Plc The simple moving average for the past 20 days is 7.43% for FLUT’s stock, with a 11.31% simple moving average for the past 200 days.
Is It Worth Investing in Flutter Entertainment Plc (NYSE: FLUT) Right Now?
The stock has a 36-month beta value of 1.27. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for FLUT is 177.40M, and at present, short sellers hold a 0.30% of that float. On May 10, 2024, the average trading volume of FLUT was 234.48K shares.
FLUT) stock’s latest price update
The stock price of Flutter Entertainment Plc (NYSE: FLUT) has dropped by -0.29 compared to previous close of 204.64. Despite this, the company has seen a gain of 3.90% in its stock price over the last five trading days. Proactive Investors reported 2024-05-09 that Flutter Entertainment PLC (LSE:FLTR), the owner of Paddy Power and Sky Bet, will be providing one of its last quarterly updates on the London Stock Exchange on Tuesday 14 May. Shareholders voted last month in favour of moving its primary listing over to the US, following the success of its sportsbook FanDuel and the growing divide in valuations overseas.
Analysts’ Opinion of FLUT
Many brokerage firms have already submitted their reports for FLUT stocks, with MoffettNathanson repeating the rating for FLUT by listing it as a “Buy.” The predicted price for FLUT in the upcoming period, according to MoffettNathanson is $240 based on the research report published on May 06, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see FLUT reach a price target of $210. The rating they have provided for FLUT stocks is “Equal Weight” according to the report published on April 04th, 2024.
FLUT Trading at 0.91% from the 50-Day Moving Average
After a stumble in the market that brought FLUT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.88% of loss for the given period.
Volatility was left at 2.51%, however, over the last 30 days, the volatility rate increased by 3.19%, as shares surge +9.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.32% lower at present.
During the last 5 trading sessions, FLUT rose by +3.93%, which changed the moving average for the period of 200-days by +6.30% in comparison to the 20-day moving average, which settled at $190.82. In addition, Flutter Entertainment Plc saw 13.99% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for FLUT
Equity return is now at value -0.47, with -0.26 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.81.
Conclusion
To sum up, Flutter Entertainment Plc (FLUT) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
