A share price of Wolverine World Wide, Inc. [WWW] is currently trading at $9.59, up 3.34%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The WWW shares have lost -1.94% over the last week, with a monthly amount drifted -5.52%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Seaport Research Partners downgraded its rating to Neutral on August 11, 2023. On August 11, 2023, downgrade downgraded it’s rating to Neutral but maintained its price target of $9 on the stock. Seaport Research Partners upgraded its rating to a Buy but stick to its price target of $23 on March 13, 2023. Piper Sandler downgraded its rating to a Neutral and reduced its price target to $13 on January 05, 2023. Argus downgraded its rating to Hold for this stock on August 18, 2022.
Wolverine World Wide, Inc. experienced fluctuations in its stock price throughout the past year between $7.21 and $17.85. Currently, Wall Street analysts expect the stock to reach $21 within the next 12 months. Wolverine World Wide, Inc. [NYSE: WWW] shares were valued at $9.59 at the most recent close of the market. An investor can expect a potential return of 118.98% based on the average WWW price forecast.
Analyzing the WWW fundamentals
Trailing Twelve Months sales for Wolverine World Wide, Inc. [NYSE:WWW] were 2.24B which represents -20.80% decline. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at -0.06%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.12 and Total Capital is -0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.9.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 9.29 points at the first support level, and at 8.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.75, and for the 2nd resistance point, it is at 9.91.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Wolverine World Wide, Inc. [NYSE:WWW] is 1.18. Also, the Quick Ratio is 0.75, while the Cash Ratio stands at 0.21. Considering the valuation of this stock, the price to sales ratio is 0.34, the price to book ratio is 2.74.
Transactions by insiders
Recent insider trading involved BOROMISA JEFFREY M, Director, that happened on Aug 18 ’23 when 3500.0 shares were purchased. EVP, CFO and Treasurer, Stornant Michael D completed a deal on Aug 16 ’23 to buy 3800.0 shares. Meanwhile, Director LAUDERBACK BRENDA J sold 3050.0 shares on Jun 05 ’23.
