Company’s 36-month beta value is 1.91.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for WWW is 78.73M, and currently, short sellers hold a 5.08% ratio of that floaft. The average trading volume of WWW on December 11, 2024 was 1.32M shares.
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WWW) stock’s latest price update
Wolverine World Wide, Inc (NYSE: WWW)’s stock price has increased by 7.59 compared to its previous closing price of 22.72. However, the company has seen a 1.94% increase in its stock price over the last five trading sessions. prnewswire.com reported 2024-12-05 that The brand-building, global leader will support product vision, strategy and innovation ROCKFORD, Mich., Dec. 5, 2024 /PRNewswire/ — Merrell, the world’s leading hiking and outdoor footwear brand, announced it has welcomed Noreen Naroo-Pucci as Chief Product Officer.
WWW’s Market Performance
Wolverine World Wide, Inc (WWW) has seen a 1.94% rise in stock performance for the week, with a 9.57% gain in the past month and a 80.01% surge in the past quarter. The volatility ratio for the week is 3.63%, and the volatility levels for the past 30 days are at 3.62% for WWW. The simple moving average for the last 20 days is 6.74% for WWW stock, with a simple moving average of 71.23% for the last 200 days.
Analysts’ Opinion of WWW
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see WWW reach a price target of $23, previously predicting the price at $15. The rating they have provided for WWW stocks is “Market Perform” according to the report published on November 08th, 2024.
Exane BNP Paribas gave a rating of “Outperform” to WWW, setting the target price at $22 in the report published on October 03rd of the current year.
WWW Trading at 25.86% 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 able to rebound, for now settling with 1.20% of gains for the given period.
Volatility was left at 3.62%, however, over the last 30 days, the volatility rate increased by 3.63%, as shares surge +9.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +43.13% upper at present.
During the last 5 trading sessions, WWW rose by +1.29%, which changed the moving average for the period of 200-days by +143.88% in comparison to the 20-day moving average, which settled at $22.89. In addition, Wolverine World Wide, Inc saw 174.97% 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 0.71 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at 2.44. 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 -11.41. When we switch over and look at the enterprise to sales, we see a ratio of 1.49. 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.
