At the time of writing, Flutter Entertainment Plc [FLUT] stock is trading at $231.30, up 0.40%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FLUT shares have gain 2.36% over the last week, with a monthly amount glided 0.73%, 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 October 14, 2024, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $295 from $224. On September 26, 2024, Oppenheimer reiterated its Outperform rating and revised its price target to $300 on the stock. Needham started tracking the stock assigning a Buy rating and suggested a price target of $270 on September 23, 2024. Barclays initiated its recommendation with a Overweight and recommended $263 as its price target on September 12, 2024. Morgan Stanley started tracking with a Overweight rating for this stock on August 22, 2024, and assigned it a price target of $247. In a note dated June 04, 2024, Oppenheimer initiated an Outperform rating and provided a target price of $240 on this stock.
For the past year, the stock price of Flutter Entertainment Plc fluctuated between $148.00 and $252.84. Currently, Wall Street analysts expect the stock to reach $271.56 within the next 12 months. Flutter Entertainment Plc [NYSE: FLUT] shares were valued at $231.30 at the most recent close of the market. An investor can expect a potential return of 17.41% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.7.
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 228.38 points at the first support level, and at 225.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 232.92, and for the 2nd resistance point, it is at 234.55.
Ratios To Look Out For
It is important to note that Flutter Entertainment Plc [NYSE:FLUT] has a current ratio of 0.90. As well, the Quick Ratio is 0.89, while the Cash Ratio is 0.74. Considering the valuation of this stock, the price to sales ratio is 1.56, the price to book ratio is 4.16.
