The 36-month beta value for WWW is at 1.79. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 4 rating it as “overweight,” 9 as “hold,” and 1 as “sell.”
The public float for WWW is 78.69M, and currently, shorts hold a 5.40% of that float. The average trading volume for WWW on October 25, 2024 was 1.28M shares.
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WWW) stock’s latest price update
Wolverine World Wide, Inc. (NYSE: WWW) has experienced a decline in its stock price by -1.08 compared to its previous closing price of 15.78. However, the company has seen a fall of -7.85% in its stock price over the last five trading days. marketbeat.com reported 2024-10-24 that Wolverine World Wide Inc. NYSE: WWW designs and manufactures footwear and apparel under a diverse portfolio of brands beyond their popular Wolverine boots. The consumer discretionary sector company has been shoring up its finances and trimming down inventory levels as they fell a sizeable 54.1% in its second quarter of 2024.
WWW’s Market Performance
WWW’s stock has fallen by -7.85% in the past week, with a monthly drop of -2.92% and a quarterly rise of 7.58%. The volatility ratio for the week is 3.42% while the volatility levels for the last 30 days are 3.81% for Wolverine World Wide, Inc.. The simple moving average for the past 20 days is -6.96% for WWW’s stock, with a 26.97% simple moving average for the past 200 days.
Analysts’ Opinion of WWW
Many brokerage firms have already submitted their reports for WWW stocks, with Exane BNP Paribas repeating the rating for WWW by listing it as a “Outperform.” The predicted price for WWW in the upcoming period, according to Exane BNP Paribas is $22 based on the research report published on October 03, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see WWW reach a price target of $18. The rating they have provided for WWW stocks is “Overweight” according to the report published on August 23rd, 2024.
KeyBanc Capital Markets gave a rating of “Overweight” to WWW, setting the target price at $20 in the report published on August 08th of the current year.
WWW Trading at 2.90% 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 -15.67% of loss for the given period.
Volatility was left at 3.81%, however, over the last 30 days, the volatility rate increased by 3.42%, as shares sank -9.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.48% upper at present.
During the last 5 trading sessions, WWW fell by -7.85%, which changed the moving average for the period of 200-days by +74.80% in comparison to the 20-day moving average, which settled at $16.78. In addition, Wolverine World Wide, Inc. saw 75.59% 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 Latchana David A, who sale 7,706 shares at the price of $17.02 back on Sep 26 ’24. After this action, Latchana David A now owns 13,889 shares of Wolverine World Wide, Inc., valued at $131,156 using the latest closing price.
Latchana David A, the Officer of Wolverine World Wide, Inc., proposed sale 7,706 shares at $17.02 during a trade that took place back on Sep 26 ’24, which means that Latchana David A is holding shares at $131,188 based on the most recent 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 1.1. 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 conclusion, Wolverine World Wide, Inc. (WWW) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
