Wolverine World Wide, Inc [NYSE: WWW] traded at a high on Thursday, posting a 35.83 gain after which it closed the day’ session at $21.80.
The results of the trading session contributed to over 5903217 shares changing hands. Over the past one week, the price volatility of Wolverine World Wide, Inc stands at 7.82% while the volatility over the past one month is 4.24%.
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The market cap for WWW stock reached $1.74 billion, with 79.55 million shares outstanding and 78.65 million shares in the current float. Compared to the average trading volume of 1.27M shares, WWW reached a trading volume of 5903217 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $20.44 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 October 03, 2024. 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 0.94, with the Price to Sales ratio for WWW stock in the period of the last 12 months amounting to 0.93. The Price to Book ratio for the last quarter was 6.65, 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 30.65 with Quick ratio for the last quarter at 0.74.
How has WWW stock performed recently?
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 41.65. With this latest performance, WWW shares gained by 32.44% in over the last four-week period, additionally plugging by 63.05% over the last 6 months – not to mention a rise of 158.29% 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 80.97, with the RSI for the last a single of trading hit 86.91, and the three-weeks RSI is set at 76.65 for Wolverine World Wide, Inc [WWW]. The present Moving Average for the last 50 days of trading for this stock 15.82, while it was recorded at 16.86 for the last single week of trading, and 12.68 for the last 200 days.
Wolverine World Wide, Inc [WWW]: Deeper insight into the 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 analysis for Wolverine World Wide, Inc [WWW]
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%.
Insider trade positions for Wolverine World Wide, Inc [WWW]
There are presently around $96.47%, or 98.19%% 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%.
