The stock of Wolverine World Wide, Inc (NYSE: WWW) has decreased by -2.71 when compared to last closing price of 22.11. Despite this, the company has experienced a 34.02% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-12 that A big earnings beat has this stock continuing its strong move higher.
Is It Worth Investing in Wolverine World Wide, Inc (NYSE: WWW) Right Now?
Company’s 36-month beta value is 1.87.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 78.71M, and currently, short sellers hold a 4.48% ratio of that floaft. The average trading volume of WWW on November 14, 2024 was 1.36M shares.
WWW’s Market Performance
WWW stock saw an increase of 34.02% in the past week, with a monthly gain of 31.64% and a quarterly increase of 67.00%. The volatility ratio for the week is 9.48%, and the volatility levels for the last 30 days are 4.74% for Wolverine World Wide, Inc (WWW). The simple moving average for the last 20 days is 23.34% for WWW stock, with a simple moving average of 66.10% for the last 200 days.
Analysts’ Opinion of WWW
Many brokerage firms have already submitted their reports for WWW stocks, with Telsey Advisory Group repeating the rating for WWW by listing it as a “Market Perform.” The predicted price for WWW in the upcoming period, according to Telsey Advisory Group is $23 based on the research report published on November 08, 2024 of the current year 2024.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see WWW reach a price target of $22. The rating they have provided for WWW stocks is “Outperform” according to the report published on October 03rd, 2024.
Piper Sandler gave a rating of “Overweight” to WWW, setting the target price at $18 in the report published on August 23rd of the current year.
WWW Trading at 30.57% 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 -4.82% of loss for the given period.
Volatility was left at 4.74%, however, over the last 30 days, the volatility rate increased by 9.48%, as shares surge +32.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +55.76% upper at present.
During the last 5 trading sessions, WWW rose by +34.02%, which changed the moving average for the period of 200-days by +151.29% in comparison to the 20-day moving average, which settled at $17.44. In addition, Wolverine World Wide, Inc saw 141.96% 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 Klimek Amy M., who sale 24,000 shares at the price of $22.07 back on Nov 12 ’24. After this action, Klimek Amy M. now owns 20,238 shares of Wolverine World Wide, Inc, valued at $529,680 using the latest closing price.
Klimek Amy M., the Chief Human Resources Officer of Wolverine World Wide, Inc, sale 10,214 shares at $20.11 during a trade that took place back on Nov 07 ’24, which means that Klimek Amy M. is holding 19,093 shares at $205,404 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
- 0.42 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 -21.89, with -3.46 for asset returns.
Based on Wolverine World Wide, Inc (WWW), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 2.55. The interest coverage ratio of the stock is -2.88.
Currently, EBITDA for the company is -46.2 million with net debt to EBITDA at -8.14. When we switch over and look at the enterprise to sales, we see a ratio of 1.3. The receivables turnover for the company is 7.31for trailing twelve months and the total asset turnover is 1.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.23.
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.
