At the time of writing, Flutter Entertainment Plc [FLUT] stock is trading at $229.44, up 0.17%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The FLUT shares have gain 4.53% over the last week, with a monthly amount glided 12.00%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Flutter Entertainment Plc [NYSE: FLUT] stock has seen the most recent analyst activity on September 12, 2024, when Barclays initiated its Overweight rating and assigned the stock a price target of $263. Previously, Morgan Stanley started tracking the stock with Overweight rating on August 22, 2024, and set its price target to $247. On June 04, 2024, Oppenheimer initiated with a Outperform rating and assigned a price target of $240 on the stock. MoffettNathanson started tracking the stock assigning a Buy rating and suggested a price target of $240 on May 06, 2024. Wells Fargo initiated its recommendation with a Equal Weight and recommended $210 as its price target on April 04, 2024. Barclays upgraded its rating to Overweight for this stock on February 27, 2024.
For the past year, the stock price of Flutter Entertainment Plc fluctuated between $148.00 and $232.05. Currently, Wall Street analysts expect the stock to reach $211.5 within the next 12 months. Flutter Entertainment Plc [NYSE: FLUT] shares were valued at $229.44 at the most recent close of the market. An investor can expect a potential drop of -7.82% based on the average FLUT price forecast.
Analyzing the FLUT fundamentals
Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.14 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.7.
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 227.91 points at the first support level, and at 226.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 232.45, and for the 2nd resistance point, it is at 235.46.
Ratios To Look Out For
It is important to note that Flutter Entertainment Plc [NYSE:FLUT] has a current ratio of 0.90. Further, the Quick Ratio stands at 0.89, while the Cash Ratio is 0.74. Considering the valuation of this stock, the price to sales ratio is 3.45, the price to book ratio is 4.12.
