Wolverine World Wide, Inc. [NYSE: WWW] closed the trading session at $18.00.
The stocks have a year to date performance of 102.47 percent and weekly performance of 4.77 percent. The stock has been moved at 82.74 percent over the last six months. The stock has performed 30.34 percent around the most recent 30 days and changed 38.78 percent over the most recent 3-months.
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If compared to the average trading volume of 1.27M shares, WWW reached to a volume of 2570762 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Wolverine World Wide, Inc. [WWW]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WWW shares is $18.22 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WWW stock is a recommendation set at 1.80. 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.
Exane BNP Paribas have made an estimate for Wolverine World Wide, Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on Oct-04-24. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Overweight. The new note on the price target was released on August 23, 2024, representing the official price target for Wolverine World Wide, Inc. stock. Previously, the target price had yet another raise to $20, while KeyBanc Capital Markets analysts kept a Overweight rating on WWW stock. On August 08, 2024, analysts increased their price target for WWW shares from 14 to 15.
The Average True Range (ATR) for Wolverine World Wide, Inc. is set at 0.66, with the Price to Sales ratio for WWW stock in the period of the last 12 months amounting to 0.77. The Price to Book ratio for the last quarter was 5.49, with the Price to Cash per share for the same quarter was set at 1.85. Price to Free Cash Flow for WWW in the course of the last twelve months was 25.31 with Quick ratio for the last quarter at 0.74.
WWW stock trade performance evaluation
Wolverine World Wide, Inc. [WWW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.77. With this latest performance, WWW shares gained by 30.34% in over the last four-week period, additionally plugging by 82.74% over the last 6 months – not to mention a rise of 122.50% 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 WWW stock in for the last two-week period is set at 77.51, with the RSI for the last a single of trading hit 80.87, and the three-weeks RSI is set at 73.72 for Wolverine World Wide, Inc. [WWW]. The present Moving Average for the last 50 days of trading for this stock 14.28, while it was recorded at 17.41 for the last single week of trading, and 11.71 for the last 200 days.
Wolverine World Wide, Inc. [WWW]: An insightful look at the core fundamentals
Wolverine World Wide, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.74 and a Current Ratio set at 1.19.
Earnings per share (EPS) analysis for Wolverine World Wide, Inc. [WWW] stock
With the latest financial reports released by the company, Wolverine World Wide, Inc. posted 0.07/share EPS, while the average EPS was predicted by analysts to be reported at 0.07/share. 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 WWW. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Wolverine World Wide, Inc. go to 5.00%.
Wolverine World Wide, Inc. [WWW]: Institutional Ownership
There are presently around $97.78%, or 99.47%% of WWW stock, in the hands of institutional investors. The top three institutional holders of WWW stocks are: BLACKROCK INC. with ownership of 12.17 million shares, which is approximately 15.2502%. FMR LLC, holding 11.63 million shares of the stock with an approximate value of $$157.19 million in WWW stocks shares; and FMR LLC, currently with $$121.93 million in WWW stock with ownership which is approximately 11.3013%.
