At the time of writing, Flutter Entertainment Plc [FLUT] stock is trading at $265.45, down -0.58%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FLUT shares have gain 7.02% over the last week, with a monthly amount glided 13.13%, 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 November 08, 2024, when UBS initiated its Buy rating and assigned the stock a price target of $306. Previously, Wells Fargo upgraded its rating to Overweight on October 14, 2024, and elevated its price target to $295. Oppenheimer reiterated its Outperform rating and increased its price target to $300 on September 26, 2024. Needham initiated its recommendation with a Buy and recommended $270 as its price target on September 23, 2024. Barclays started tracking with a Overweight rating for this stock on September 12, 2024, and assigned it a price target of $263. In a note dated August 22, 2024, Morgan Stanley initiated an Overweight rating and provided a target price of $247 on this stock.
For the past year, the stock price of Flutter Entertainment Plc fluctuated between $149.00 and $269.90. Currently, Wall Street analysts expect the stock to reach $285 within the next 12 months. Flutter Entertainment Plc [NYSE: FLUT] shares were valued at $265.45 at the most recent close of the market. An investor can expect a potential return of 7.36% based on the average FLUT price forecast.
Analyzing the FLUT fundamentals
Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.07 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.69.
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 261.78 points at the first support level, and at 258.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 268.11, and for the 2nd resistance point, it is at 270.77.
Ratios To Look Out For
It is important to note that Flutter Entertainment Plc [NYSE:FLUT] has a current ratio of 0.89. Also, the Quick Ratio is 0.88, while the Cash Ratio stands at 0.71. Considering the valuation of this stock, the price to sales ratio is 3.97, the price to book ratio is 4.61.
