The stock of Wolverine World Wide, Inc. (WWW) has gone down by -6.05% for the week, with a 19.87% rise in the past month and a 28.85% rise in the past quarter. The volatility ratio for the week is 2.40%, and the volatility levels for the past 30 days are 4.07% for WWW. The simple moving average for the last 20 days is 3.36% for WWW stock, with a simple moving average of 37.91% for the last 200 days.
Is It Worth Investing in Wolverine World Wide, Inc. (NYSE: WWW) Right Now?
The stock has a 36-month beta value of 1.74. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 4 as “overweight,” 9 as “hold,” and 1 as “sell.”
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The public float for WWW is 78.59M, and at present, short sellers hold a 5.53% of that float. On May 24, 2024, the average trading volume of WWW was 918.97K shares.
WWW) stock’s latest price update
Wolverine World Wide, Inc. (NYSE: WWW) has seen a decline in its stock price by -3.12 in relation to its previous close of 13.14. However, the company has experienced a -6.05% decline in its stock price over the last five trading sessions. zacks.com reported 2024-05-21 that Wolverine (WWW) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our ‘Fast-Paced Momentum at a Bargain’ screen.
Analysts’ Opinion of WWW
Many brokerage firms have already submitted their reports for WWW stocks, with Telsey Advisory Group repeating the rating for WWW by listing it as a “Market Perform.” The predicted price for WWW in the upcoming period, according to Telsey Advisory Group is $14 based on the research report published on May 09, 2024 of the current year 2024.
Seaport Research Partners, on the other hand, stated in their research note that they expect to see WWW reach a price target of $15. The rating they have provided for WWW stocks is “Buy” according to the report published on May 06th, 2024.
WWW Trading at 15.84% 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 -19.46% of loss for the given period.
Volatility was left at 4.07%, however, over the last 30 days, the volatility rate increased by 2.40%, as shares surge +21.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.30% upper at present.
During the last 5 trading sessions, WWW fell by -6.05%, which changed the moving average for the period of 200-days by +5.56% in comparison to the 20-day moving average, which settled at $12.43. In addition, Wolverine World Wide, Inc. saw 43.19% 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:
- -0.05 for the present operating margin
- 0.4 for the gross margin
The net margin for Wolverine World Wide, Inc. stands at -0.04. The total capital return value is set at -0.1. Equity return is now at value -25.42, with -3.45 for asset returns.
Based on Wolverine World Wide, Inc. (WWW), the company’s capital structure generated 0.78 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 3.54. The interest coverage ratio of the stock is -1.85.
Currently, EBITDA for the company is 59.3 million with net debt to EBITDA at 17.28. When we switch over and look at the enterprise to sales, we see a ratio of 0.92. The receivables turnover for the company is 8.82for trailing twelve months and the total asset turnover is 1.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.13.
Conclusion
To sum up, Wolverine World Wide, Inc. (WWW) has seen a mixed 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.
