In the past week, FWONA stock has gone down by -5.79%, with a monthly gain of 1.69% and a quarterly surge of 4.89%. The volatility ratio for the week is 3.13%, and the volatility levels for the last 30 days are 2.60% for Liberty Media Corp. The simple moving average for the past 20 days is -5.71% for FWONA’s stock, with a 8.51% simple moving average for the past 200 days.
Is It Worth Investing in Liberty Media Corp. (NASDAQ: FWONA) Right Now?
Liberty Media Corp. (NASDAQ: FWONA) has a price-to-earnings ratio of 51.52x that is above its average ratio. Additionally, the 36-month beta value for FWONA is 1.12. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
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The public float for FWONA is 22.41M and currently, short sellers hold a 1.72% ratio of that float. The average trading volume of FWONA on August 09, 2024 was 106.63K shares.
FWONA) stock’s latest price update
The stock price of Liberty Media Corp. (NASDAQ: FWONA) has dropped by -4.61 compared to previous close of 70.66. Despite this, the company has seen a fall of -5.79% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-08 that Formula One Group (NASDAQ:FWONA ) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Clare Adams – Senior Manager, Investor Relations Greg Maffei – President & Chief Executive Officer, Liberty Media Corporation Brian Wendling – Chief Accounting & Principal Financial Officer, Liberty Media Corporation Stefano Domenicali – President & Chief Executive Officer Derek Schiller – President & Chief Executive Officer, Atlanta Braves Renee Wilm – Chief Legal Officer & Chief Administrative Officer Conference Call Participants Bryan Kraft – Deutsche Bank Peter Supino – Wolfe Research Ben Swinburne – Morgan Stanley David Joyce – Seaport Research Partners Vijay Jayant – Evercore ISI David Karnovsky – JPMorgan Barton Crockett – Rosenblatt Securities Stephen Laszcyzk – Goldman Sachs Operator Welcome to Liberty Media Corporation 2024 Second Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference will be recorded today, August 8.
Analysts’ Opinion of FWONA
Many brokerage firms have already submitted their reports for FWONA stocks, with Deutsche Bank repeating the rating for FWONA by listing it as a “Buy.” The predicted price for FWONA in the upcoming period, according to Deutsche Bank is $83 based on the research report published on May 30, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see FWONA reach a price target of $71. The rating they have provided for FWONA stocks is “Buy” according to the report published on October 06th, 2023.
TD Cowen gave a rating of “Outperform” to FWONA, setting the target price at $90 in the report published on June 05th of the previous year.
FWONA Trading at -1.04% from the 50-Day Moving Average
After a stumble in the market that brought FWONA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.73% of loss for the given period.
Volatility was left at 2.60%, however, over the last 30 days, the volatility rate increased by 3.13%, as shares surge +0.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.40% upper at present.
During the last 5 trading sessions, FWONA fell by -5.79%, which changed the moving average for the period of 200-days by +13.66% in comparison to the 20-day moving average, which settled at $71.51. In addition, Liberty Media Corp. saw 16.25% 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 FWONA starting from BERKSHIRE HATHAWAY INC, who sale 12,419 shares at the price of $33.12 back on Jun 14 ’24. After this action, BERKSHIRE HATHAWAY INC now owns 4,986,588 shares of Liberty Media Corp., valued at $411,276 using the latest closing price.
BERKSHIRE HATHAWAY INC, the 10% Owner of Liberty Media Corp., sale 52,911 shares at $34.06 during a trade that took place back on Jun 13 ’24, which means that BERKSHIRE HATHAWAY INC is holding 4,999,007 shares at $1,802,170 based on the most recent closing price.
Stock Fundamentals for FWONA
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.26 for the gross margin
The net margin for Liberty Media Corp. stands at 0.11. The total capital return value is set at 0.04. Equity return is now at value 5.58, with 3.44 for asset returns.
Based on Liberty Media Corp. (FWONA), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 0.45. The interest coverage ratio of the stock is 1.77.
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 8.4. The receivables turnover for the company is 19.38for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.65.
Conclusion
In conclusion, Liberty Media Corp. (FWONA) has seen better performance in recent times. Analysts have a mixed 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.
