The stock of Wolverine World Wide, Inc. (NYSE: WWW) has increased by 2.01 when compared to last closing price of 14.89. Despite this, the company has experienced a 11.86% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-19 that Step into an immersive journey through four hemispheres, right in the heart of Chelsea ROCKFORD, Mich., Sept. 19, 2024 /PRNewswire/ — Merrell®, the world’s leading outdoor footwear brand, is bringing an infinite natural landscape to the concrete jungle with its “Wander Wheel” pop-up art installation set to open in New York City on Friday, Sept.
Is It Worth Investing in Wolverine World Wide, Inc. (NYSE: WWW) Right Now?
Company’s 36-month beta value is 1.76.Analysts have differing opinions on the stock, 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 78.69M, and currently, short sellers hold a 8.74% ratio of that floaft. The average trading volume of WWW on September 20, 2024 was 1.26M shares.
WWW’s Market Performance
The stock of Wolverine World Wide, Inc. (WWW) has seen a 11.86% increase in the past week, with a 22.70% rise in the past month, and a 9.28% gain in the past quarter. The volatility ratio for the week is 4.53%, and the volatility levels for the past 30 days are at 3.97% for WWW. The simple moving average for the last 20 days is 9.93% for WWW stock, with a simple moving average of 34.36% for the last 200 days.
Analysts’ Opinion of WWW
Many brokerage firms have already submitted their reports for WWW stocks, with Piper Sandler repeating the rating for WWW by listing it as a “Overweight.” The predicted price for WWW in the upcoming period, according to Piper Sandler is $18 based on the research report published on August 23, 2024 of the current year 2024.
KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see WWW reach a price target of $20. The rating they have provided for WWW stocks is “Overweight” according to the report published on August 08th, 2024.
Telsey Advisory Group gave a rating of “Market Perform” to WWW, setting the target price at $15 in the report published on August 08th of the current year.
WWW Trading at 12.07% 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 -1.17% of loss for the given period.
Volatility was left at 3.97%, however, over the last 30 days, the volatility rate increased by 4.53%, as shares surge +20.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.92% upper at present.
During the last 5 trading sessions, WWW rose by +11.86%, which changed the moving average for the period of 200-days by +67.11% in comparison to the 20-day moving average, which settled at $13.95. In addition, Wolverine World Wide, Inc. saw 70.87% 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 Soriano Isabel, who sale 3,201 shares at the price of $13.89 back on May 28 ’24. After this action, Soriano Isabel now owns 26,519 shares of Wolverine World Wide, Inc., valued at $44,462 using the latest closing price.
Stock Fundamentals for WWW
Current profitability levels for the company are sitting at:
- -0.08 for the present operating margin
- 0.41 for the gross margin
The net margin for Wolverine World Wide, Inc. stands at -0.04. The total capital return value is set at -0.13. Equity return is now at value -27.39, with -4.02 for asset returns.
Based on Wolverine World Wide, Inc. (WWW), the company’s capital structure generated 0.76 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 3.23. The interest coverage ratio of the stock is -2.72.
Currently, EBITDA for the company is 59.3 million with net debt to EBITDA at 629.85. When we switch over and look at the enterprise to sales, we see a ratio of 1.09. The receivables turnover for the company is 6.89for trailing twelve months and the total asset turnover is 1.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.19.
Conclusion
In a nutshell, Wolverine World Wide, Inc. (WWW) has experienced a better performance in recent times. The stock has received mixed “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.
