WideOpenWest Inc [NYSE: WOW] loss -11.27% or -0.39 points to close at $3.07 with a heavy trading volume of 4311108 shares. The company report on March 13, 2024 at 7:00 AM that WOW! REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS.
Full year High-Speed Data Revenue of $430.4 million, up 4% from 2022.
WideOpenWest, Inc. (“WOW!” or the “Company”) (NYSE: WOW), one of the nation’s leading broadband providers, with an efficient, high-performing network that passes nearly 2.0 million residential, business and wholesale consumers, today announced financial and operating results for the quarter and year ended December 31, 2023.
The daily chart for WOW points out that the company has recorded -59.12% loss over the past six months.
If we look at the average trading volume of 623.52K shares, WOW reached to a volume of 4311108 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about WideOpenWest Inc [WOW]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WOW shares is $8.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WOW stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
KeyBanc Capital Markets have made an estimate for WideOpenWest Inc shares, keeping their opinion on the stock as Sector Weight, with their previous recommendation back on November 09, 2023. The new note on the price target was released on April 04, 2023, representing the official price target for WideOpenWest Inc stock. Previously, the target price had yet another drop from $21 to $14, while Raymond James kept a Outperform rating on WOW stock.
The Average True Range (ATR) for WideOpenWest Inc is set at 0.28, with the Price to Sales ratio for WOW stock in the period of the last 12 months amounting to 0.37. The Price to Book ratio for the last quarter was 0.86, with the Price to Cash per share for the same quarter was set at 0.27.
Trading performance analysis for WOW stock
WideOpenWest Inc [WOW] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.03. With this latest performance, WOW shares dropped by -15.66% in over the last four-week period, additionally sinking by -59.12% over the last 6 months – not to mention a drop of -68.86% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WOW stock in for the last two-week period is set at 33.84, with the RSI for the last a single of trading hit 26.10, and the three-weeks RSI is set at 37.80 for WideOpenWest Inc [WOW]. The present Moving Average for the last 50 days of trading for this stock 3.64, while it was recorded at 3.41 for the last single week of trading, and 6.06 for the last 200 days.
WideOpenWest Inc [WOW]: A deeper dive into fundamental analysis
WideOpenWest Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.
WideOpenWest Inc [WOW]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, WideOpenWest Inc posted -0.15/share EPS, while the average EPS was predicted by analysts to be reported at 0.08/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -287.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WOW. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for WideOpenWest Inc go to -6.70%.
An analysis of Institutional ownership at WideOpenWest Inc [WOW]
The top three institutional holders of WOW stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in WOW stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in WOW stock with ownership which is approximately 5.8325%.
