Wolverine World Wide, Inc [NYSE: WWW] loss -16.60% or -3.11 points to close at $15.62 with a heavy trading volume of 5594094 shares.
The daily chart for WWW points out that the company has recorded 19.15% gains over the past six months.
If we look at the average trading volume of 1.12M shares, WWW reached to a volume of 5594094 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 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 $24.78 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 1.60. 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.
Stifel have made an estimate for Wolverine World Wide, Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 11, 2024. While these analysts kept the previous recommendation, Telsey Advisory Group raised their target price from $15 to $23. The new note on the price target was released on November 08, 2024, representing the official price target for Wolverine World Wide, Inc stock. Previously, the target price had yet another raise to $22, while Exane BNP Paribas analysts kept a Outperform rating on WWW stock.
The Average True Range (ATR) for Wolverine World Wide, Inc is set at 1.15, with the Price to Sales ratio for WWW stock in the period of the last 12 months amounting to 0.70. The Price to Book ratio for the last quarter was 4.34, with the Price to Cash per share for the same quarter was set at 1.75. Price to Free Cash Flow for WWW in the course of the last twelve months was 6.12 with Quick ratio for the last quarter at 0.77.
Trading performance analysis for WWW stock
Wolverine World Wide, Inc [WWW] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -23.80. With this latest performance, WWW shares dropped by -31.46% in over the last four-week period, additionally plugging by 19.15% over the last 6 months – not to mention a rise of 68.32% 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 19.89, with the RSI for the last a single of trading hit 14.84, and the three-weeks RSI is set at 25.21 for Wolverine World Wide, Inc [WWW]. The present Moving Average for the last 50 days of trading for this stock 22.19, while it was recorded at 18.03 for the last single week of trading, and 16.97 for the last 200 days.
Wolverine World Wide, Inc [WWW]: A deeper dive into fundamental analysis
Wolverine World Wide, Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.77 and a Current Ratio set at 1.23.
Wolverine World Wide, Inc [WWW]: An earnings per share (EPS) analysis
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 32.15%.
An analysis of Institutional ownership at Wolverine World Wide, Inc [WWW]
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%.
