Currently, Flutter Entertainment Plc [FLUT] is trading at $235.91, down -0.58%. 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 3.39% over the last week, with a monthly amount glided 11.06%, 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 26, 2024, when Oppenheimer reiterated its Outperform rating and also boosted its price target to $300 from $255. Previously, Needham started tracking the stock with Buy rating on September 23, 2024, and set its price target to $270. On September 12, 2024, Barclays initiated with a Overweight rating and assigned a price target of $263 on the stock. Morgan Stanley started tracking the stock assigning a Overweight rating and suggested a price target of $247 on August 22, 2024. Oppenheimer initiated its recommendation with a Outperform and recommended $240 as its price target on June 04, 2024. MoffettNathanson started tracking with a Buy rating for this stock on May 06, 2024, and assigned it a price target of $240. In a note dated April 04, 2024, Wells Fargo initiated an Equal Weight rating and provided a target price of $210 on this stock.
This stock has fluctuated between a low of $148.00 and a high of $252.84 over the last 52 weeks. 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 $235.91 at the most recent close of the market. An investor can expect a potential return of 5.2% 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 234.04 points at the first support level, and at 232.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 237.82, and for the 2nd resistance point, it is at 239.72.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Flutter Entertainment Plc [NYSE:FLUT] is 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 3.54, the price to book ratio is 4.24.
