Wolverine World Wide, Inc. (NYSE: WWW) is 14.29% higher on its value in year-to-date trading and has touched a low of $7.21 and a high of $17.85 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WWW stock was last observed hovering at around $9.87 in the last trading session, with the day’s gains setting it 0.29%.
Currently trading at $10.16, the stock is 5.89% and 13.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.83 million and changing 2.94% at the moment leaves the stock 2.72% off its SMA200. WWW registered -36.70% loss for a year compared to 6-month gain of 22.12%. The firm has a 50-day simple moving average (SMA 50) of $0.77 and a 200-day simple moving average (SMA200) of -$48.29.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 11.65% loss in the last 1 month and extending the period to 3 months gives it a 12.51%, and is 8.66% 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 3.88% over the week and 4.76% over the month.
Wolverine World Wide, Inc. (WWW) has around 4100 employees, a market worth around $810.26M and $2.24B in sales. Fwd P/E is 9.11. Profit margin for the company is -1.79%. Distance from 52-week low is 40.92% and -43.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.95%).
Wolverine World Wide, Inc. quarterly earnings per share for the current quarter are estimated at $0.01 with sales reaching $359.15M over the same period.The EPS is expected to grow by 1387.85% this year, but quarterly earnings will post -22.00% year-over-year. Quarterly sales are estimated to shrink -38.10% in year-over-year returns.
294 institutions hold shares in Wolverine World Wide, Inc. (WWW), with institutional investors hold 94.32% of the company’s shares. The shares outstanding are 79.55M, and float is at 77.11M with Short Float at 6.40%. Institutions hold 91.27% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 12.26 million shares valued at $180.16 million. The investor’s holdings represent 15.42% of the WWW Shares outstanding. As of Jun 29, 2023, the second largest holder is FMR, LLC with 11.92 million shares valued at $175.04 million to account for 14.99% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 9.17 million shares representing 11.54% and valued at over $134.74 million, while Earnest Partners LLC holds 6.92% of the shares totaling 5.5 million with a market value of $80.81 million.
Wolverine World Wide, Inc. (WWW) Insider Activity
The most recent transaction is an insider purchase by BOROMISA JEFFREY M, the company’s Director. SEC filings show that BOROMISA JEFFREY M bought 3,500 shares of the company’s common stock on Aug 18 ’23 at a price of $8.35 per share for a total of $29225.0. Following the purchase, the insider now owns 0.16 million shares.
Wolverine World Wide, Inc. disclosed in a document filed with the SEC on Aug 16 ’23 that Stornant Michael D (EVP, CFO and Treasurer) bought a total of 3,800 shares of the company’s common stock. The trade occurred on Aug 16 ’23 and was made at $8.19 per share for $31122.0. Following the transaction, the insider now directly holds 0.22 million shares of the WWW stock.
Still, SEC filings show that on Jun 05 ’23, LAUDERBACK BRENDA J (Director) disposed off 3,050 shares at an average price of $13.68 for $41724.0. The insider now directly holds 32,345 shares of Wolverine World Wide, Inc. (WWW).
