The price-to-earnings ratio for Liberty Media Corp. (NASDAQ: FWONK) is 78.06x, which is above its average ratio. Moreover, the 36-month beta value for FWONK is 1.12. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for FWONK is 203.04M and currently, short sellers hold a 2.42% of that float. On August 21, 2024, FWONK’s average trading volume was 1.30M shares.
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FWONK) stock’s latest price update
The stock of Liberty Media Corp. (NASDAQ: FWONK) has decreased by -2.27 when compared to last closing price of 79.83. Despite this, the company has experienced a 1.04% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-10 that Formula One Group (NASDAQ:FWONK ) Q2 2024 Results 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 Stephen Laszczyk – Goldman Sachs Barton Crockett – Rosenblatt Securities David Karnovsky – JPMorgan Vijay Jayant – Evercore ISI David Joyce – Seaport Research Partners Ben Swinburne – Morgan Stanley Peter Supino – Wolfe Research Bryan Kraft – Deutsche Bank 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.
FWONK’s Market Performance
Liberty Media Corp. (FWONK) has experienced a 1.04% rise in stock performance for the past week, with a -3.01% drop in the past month, and a 7.83% rise in the past quarter. The volatility ratio for the week is 2.06%, and the volatility levels for the past 30 days are at 2.58% for FWONK. The simple moving average for the last 20 days is 0.29% for FWONK stock, with a simple moving average of 12.40% for the last 200 days.
Analysts’ Opinion of FWONK
Many brokerage firms have already submitted their reports for FWONK stocks, with Morgan Stanley repeating the rating for FWONK by listing it as a “Equal-Weight.” The predicted price for FWONK in the upcoming period, according to Morgan Stanley is $70 based on the research report published on December 18, 2023 of the previous year 2023.
FWONK Trading at 3.17% from the 50-Day Moving Average
After a stumble in the market that brought FWONK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.13% of loss for the given period.
Volatility was left at 2.58%, however, over the last 30 days, the volatility rate increased by 2.06%, as shares sank -1.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.09% upper at present.
During the last 5 trading sessions, FWONK rose by +1.09%, which changed the moving average for the period of 200-days by +18.82% in comparison to the 20-day moving average, which settled at $77.73. In addition, Liberty Media Corp. saw 23.58% 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 FWONK starting from BERKSHIRE HATHAWAY INC, who sale 52,911 shares at the price of $34.06 back on Jun 13 ’24. After this action, BERKSHIRE HATHAWAY INC now owns 4,999,007 shares of Liberty Media Corp., valued at $1,802,170 using the latest closing price.
BERKSHIRE HATHAWAY INC, the 10% Owner of Liberty Media Corp., sale 12,419 shares at $33.12 during a trade that took place back on Jun 14 ’24, which means that BERKSHIRE HATHAWAY INC is holding 4,986,588 shares at $411,276 based on the most recent closing price.
Stock Fundamentals for FWONK
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.23 for the gross margin
The net margin for Liberty Media Corp. stands at 0.08. The total capital return value is set at 0.04. Equity return is now at value 4.14, with 2.54 for asset returns.
Based on Liberty Media Corp. (FWONK), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 0.44. The interest coverage ratio of the stock is -18.32.
Currently, EBITDA for the company is 666.0 million with net debt to EBITDA at 1.79. When we switch over and look at the enterprise to sales, we see a ratio of 8.34. The receivables turnover for the company is 20.08for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.68.
Conclusion
To wrap up, the performance of Liberty Media Corp. (FWONK) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
