Morgan Stanley slashes price target on Liberty Media Corp. [FWONK] – find out why.

Liberty Media Corp. [NASDAQ: FWONK] stock went on a downward path that fall over -2.07% on Wednesday, amounting to a one-week price increase of more than 1.26%.

Over the last 12 months, FWONK stock rose by 18.31%. The one-year Liberty Media Corp. stock forecast points to a potential upside of 12.25. The average equity rating for FWONK stock is currently 1.18, trading closer to a bullish pattern in the stock market.

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The market cap for the stock reached $18.47 billion, with 208.20 million shares outstanding and 204.57 million shares in the current float. Compared to the average trading volume of 1.30M shares, FWONK stock reached a trading volume of 3776480 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Liberty Media Corp. [FWONK]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FWONK shares is $89.09 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FWONK stock is a recommendation set at 1.18. 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.

Morgan Stanley have made an estimate for Liberty Media Corp. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on December 18, 2023. The new note on the price target was released on September 05, 2023, representing the official price target for Liberty Media Corp. stock.

The Average True Range (ATR) for Liberty Media Corp. is set at 2.01, with the Price to Sales ratio for FWONK stock in the period of the last 12 months amounting to 5.05. The Price to Book ratio for the last quarter was 2.82, with the Price to Cash per share for the same quarter was set at 6.31. Price to Free Cash Flow for FWONK in the course of the last twelve months was 43.35 with Quick ratio for the last quarter at 1.68.

FWONK Stock Performance Analysis:

Liberty Media Corp. [FWONK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.26. With this latest performance, FWONK shares dropped by -2.81% in over the last four-week period, additionally plugging by 15.91% over the last 6 months – not to mention a rise of 18.31% 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 FWONK stock in for the last two-week period is set at 53.79, with the RSI for the last a single of trading hit 54.02, and the three-weeks RSI is set at 54.15 for Liberty Media Corp. [FWONK]. The present Moving Average for the last 50 days of trading for this stock 75.74, while it was recorded at 78.17 for the last single week of trading, and 69.47 for the last 200 days.

Insight into Liberty Media Corp. Fundamentals:

Liberty Media Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.68 and a Current Ratio set at 1.68.

FWONK Stock EPS

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 FWONK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Liberty Media Corp. go to 29.20%.

Liberty Media Corp. [FWONK] Institutonal Ownership Details

There are presently around $98.08%, or 104.10%% of FWONK stock, in the hands of institutional investors. The top three institutional holders of FWONK stocks are: VANGUARD GROUP INC with ownership of 19.04 million shares, which is approximately 8.1042%. JANUS HENDERSON GROUP PLC, holding 15.49 million shares of the stock with an approximate value of $$1.11 billion in FWONK stocks shares; and JANUS HENDERSON GROUP PLC, currently with $$1.11 billion in FWONK stock with ownership which is approximately 6.5799%.

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