A share price of Flutter Entertainment Plc [FLUT] is currently trading at $239.86, up 5.12%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FLUT shares have gain 4.72% over the last week, with a monthly amount glided 14.95%, 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 23, 2024, when Needham initiated its Buy rating and assigned the stock a price target of $270. Previously, Barclays started tracking the stock with Overweight rating on September 12, 2024, and set its price target to $263. On August 22, 2024, Morgan Stanley initiated with a Overweight rating and assigned a price target of $247 on the stock. Oppenheimer started tracking the stock assigning a Outperform rating and suggested a price target of $240 on June 04, 2024. MoffettNathanson initiated its recommendation with a Buy and recommended $240 as its price target on May 06, 2024. Wells Fargo started tracking with a Equal Weight rating for this stock on April 04, 2024, and assigned it a price target of $210. In a note dated February 27, 2024, Barclays upgraded an Overweight rating on this stock.
Flutter Entertainment Plc experienced fluctuations in its stock price throughout the past year between $148.00 and $234.54. Currently, Wall Street analysts expect the stock to reach $248.17 within the next 12 months. Flutter Entertainment Plc [NYSE: FLUT] shares were valued at $239.86 at the most recent close of the market. An investor can expect a potential return of 3.46% 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 234.80 points at the first support level, and at 229.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 248.88, and for the 2nd resistance point, it is at 257.90.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Flutter Entertainment Plc [NYSE:FLUT] is 0.90. In addition, the Quick Ratio stands at 0.89 and the Cash Ratio stands at 0.74. Considering the valuation of this stock, the price to sales ratio is 3.60, the price to book ratio is 4.31.
