Formula One Group (NASDAQ:FWONK) stock went on an upward path that rose over 0.72% on Tuesday, amounting to a one-week price increase of more than 3.91%. Over the last 12 months, FWONK stock rose by 13.35%. The one-year FWONK stock forecast points to a potential downside of -0.08, with the average price target set at $46.00 per share. The average equity rating for FWONK stock is currently 2.20, trading closer to a bullish pattern in the stock market.
The market cap for FWONK stock reached $8.53 billion, with 202.79 million shares outstanding and 196.21 million shares in the current float. Compared to the average trading volume of 722.95K shares, FWONK reached a trading volume of 692,776 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Formula One Group (FWONK):
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FWONK shares is $45.25 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 Outperform. 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.
B. Riley FBR have made an estimate for Formula One Group shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May-16-19. The new note on the price target was released on Oct-09-18, representing the official price target for Formula One Group stock.
The Average True Range (ATR) for Formula One Group is set at 1.10, with the Price to Sales ratio for FWONK stock in the period of the last 12 months amounting to 4.28. The Price to Book ratio for the last quarter was 1.82.
FWONK Stock Performance Analysis:
Formula One Group (FWONK) gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.91. With this latest performance, FWONK shares gained by 6.51% in over the last four-week period, additionally plugging by 26.78% over the last 6 months – not to mention a rise of 13.35% 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 63.18, with the RSI for the last a single of trading hit 65.44, and the three-weeks RSI is set at 60.89 for Formula One Group (FWONK). The present Moving Average for the last 50 days of trading for this stock 39.13, while it was recorded at 40.81 for the last single week of trading, and 35.29 for the last 200 days.
Insight into Formula One Group Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Formula One Group (FWONK) shares currently have an operating margin of -6.02 and a Gross Margin at +5.15. Formula One Group’s Net Margin is presently recorded at -8.21.
Return on Total Capital for FWONK is now -1.00, given the latest momentum, and Return on Invested Capital for the company is -1.36. Return on Equity for this stock declined to -2.67, with Return on Assets sitting at -1.28. When it comes to the capital structure of this company, Formula One Group (FWONK) has a Total Debt to Total Equity ratio set at 90.79. Additionally, FWONK Total Debt to Total Capital is recorded at 47.59, with Total Debt to Total Assets ending up at 44.68. Long-Term Debt to Equity for the company is recorded at 90.79, with the Long-Term Debt to Total Capital now at 47.59.
Reflecting on the efficiency of the workforce at the company, Formula One Group (FWONK) managed to generate an average of -$32,931 per employee. Receivables Turnover for the company is 18.84 with a Total Asset Turnover recorded at a value of 0.16. Formula One Group’s liquidity data is similarly interesting compelling.
FWONK Stock EPS
With the latest financial reports released by the company, Formula One Group posted -$0.33/share EPS, while the average EPS was predicted by analysts to be reported at $0.07/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of 603.82. 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.
Formula One Group (FWONK) Insider Position Details
There are presently around $8,429,597,568 million, or 99.54% of FWONK stock, in the hands of institutional investors. The top three institutional holders of FWONK stocks are: VANGUARD GROUP INC with ownership of 17142532, which is approximately .33 of the company’s market cap and around 3.00% of the total institutional ownership; CALEDONIA (PRIVATE) INVESTMENTS PTY LTD, holding 12882837 shares of the stock with an approximate value of $537.73 million in FWONK stocks shares; and RUANE CUNNIFF & GOLDFARB L.P., currently with $512.21 million in FWONK stock with ownership of nearly (0.74) of the company’s market capitalization.
Positions in Formula One Group stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 118 institutional holders increased their position in Formula One Group (NASDAQ:FWONK) by around 10,137,936 shares. Additionally, 166 investors decreased positions by around 10,107,456 shares, while 79 investors held positions by with 181,709,509 shares. The mentioned changes placed institutional holdings at 201,954,901 shares, according to the latest SEC report filing. FWONK stock had 33 new institutional investments in for a total of 1,997,566 shares, while 41 institutional investors sold positions of 1,973,838 shares during the same period.