The stock of Flutter Entertainment Plc (FLUT) has gone up by 0.44% for the week, with a 2.34% rise in the past month and a -0.91% drop in the past quarter. The volatility ratio for the week is 2.62%, and the volatility levels for the past 30 days are 2.78% for FLUT. The simple moving average for the past 20 days is 6.67% for FLUT’s stock, with a 8.85% simple moving average for the past 200 days.
Is It Worth Investing in Flutter Entertainment Plc (NYSE: FLUT) Right Now?
The 36-month beta value for FLUT is at 1.24. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for FLUT is 175.70M, and currently, shorts hold a 1.07% of that float. The average trading volume for FLUT on August 21, 2024 was 1.47M shares.
FLUT) stock’s latest price update
Flutter Entertainment Plc (NYSE: FLUT)’s stock price has gone rise by 1.44 in comparison to its previous close of 204.85, however, the company has experienced a 0.44% increase in its stock price over the last five trading days. benzinga.com reported 2024-08-19 that A battle between DraftKings Inc DKNG bulls and bears could come down to EBITDA, surcharges and competition, an analyst says after the company and rival Flutter Entertainment FLUT have both now reported second-quarter financial results.
Analysts’ Opinion of FLUT
Many brokerage firms have already submitted their reports for FLUT stocks, with Oppenheimer repeating the rating for FLUT by listing it as a “Outperform.” The predicted price for FLUT in the upcoming period, according to Oppenheimer is $240 based on the research report published on June 04, 2024 of the current year 2024.
MoffettNathanson, on the other hand, stated in their research note that they expect to see FLUT reach a price target of $240. The rating they have provided for FLUT stocks is “Buy” according to the report published on May 06th, 2024.
Wells Fargo gave a rating of “Equal Weight” to FLUT, setting the target price at $210 in the report published on April 04th of the current year.
FLUT Trading at 7.40% 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 -8.22% of loss for the given period.
Volatility was left at 2.78%, however, over the last 30 days, the volatility rate increased by 2.62%, as shares surge +7.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.82% upper at present.
During the last 5 trading sessions, FLUT rose by +0.98%, which changed the moving average for the period of 200-days by +25.69% in comparison to the 20-day moving average, which settled at $195.49. In addition, Flutter Entertainment Plc saw 16.08% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for FLUT
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.43 for the gross margin
The net margin for Flutter Entertainment Plc stands at -0.1. The total capital return value is set at 0.02. Equity return is now at value -0.47, with -0.26 for asset returns.
Based on Flutter Entertainment Plc (FLUT), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 0.7. The interest coverage ratio of the stock is 105.09.
Currently, EBITDA for the company is 1.72 billion with net debt to EBITDA at 2.56. When we switch over and look at the enterprise to sales, we see a ratio of 3.2. The receivables turnover for the company is 56.85for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.90.
Conclusion
In conclusion, Flutter Entertainment Plc (FLUT) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
