Formula One Group (NASDAQ: FWONK) is -7.32% lower on its value in year-to-date trading and has touched a low of $18.31 and a high of $48.95 in the current 52-week trading range. The FWONK stock was last observed hovering at around $42.83 in the last trading session, with the day’s loss setting it -0.23% off its average median price target of $47.50 for the next 12 months. It is also 19.62% off the consensus price target high of $53.00 offered by 9 analysts, but current levels are -3.9% lower than the price target low of $41.00 for the same period.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
Currently trading at $42.60, the stock is 0.09% and 4.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.89 million and changing -0.54% at the moment leaves the stock 21.28% off its SMA200. FWONK registered -7.75% loss for a year compared to 6-month gain of 29.44%. The firm has a 50-day simple moving average (SMA 50) of $42.39 and a 200-day simple moving average (SMA200) of $37.75.
The stock witnessed a -0.79% loss in the last 1 month and extending the period to 3 months gives it a 14.67%, and is 3.35% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.84% over the week and 3.29% over the month.
Distance from 52-week low is 132.66% and -12.97% from its 52-week high.
Formula One Group (FWONK) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Formula One Group (FWONK) is a “Overweight”. 9 analysts offering their recommendations for the stock have an average rating of 1.80, where 2 rate it as a Hold and 0 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Formula One Group is expected to release its quarterly report on 05/13/2021 and quarterly earnings per share for the current quarter are estimated at -$0.04 with sales reaching $600.8M over the same period.The EPS is expected to shrink by -122.20% this year, but quarterly earnings will post -40.10% year-over-year. Quarterly sales are estimated to grow 14.90% in year-over-year returns.
Formula One Group (FWONK) Top Institutional Holders
459 institutions hold shares in Formula One Group (FWONK), with 6.88M shares held by insiders accounting for 2.97% while institutional investors hold 99.10% of the company’s shares. Institutions hold 96.16% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 16.97 million shares valued at $615.47 million. The investor’s holdings represent 8.34% of the FWONK Shares outstanding. As of Sep 29, 2020, the second largest holder is Caledonia (Private) Investments Pty Ltd with 16.61 million shares valued at $602.36 million to account for 8.16% of the shares outstanding. The other top investors are Janus Henderson Group PLC which holds 13.76 million shares representing 6.76% and valued at over $499.09 million, while Blackrock Inc. holds 6.51% of the shares totaling 13.25 million with a market value of $480.64 million.
Formula One Group (FWONK): Who are the competitors?
The company’s main competitors (and peers) include Nexstar Media Group Inc. (NXST) that is trading -5.07% down over the past 12 months. Short interest in the company’s stock has risen 2.68% from the last report on Nov 12, 2020 to stand at a total of 7.25 million short shares sold with a short interest ratio of 7.88.