Wolverine World Wide, Inc. (NYSE:WWW) shares, rose in value, with the stock price up by 0.61% to the previous day’s close as strong demand from buyers drove the stock to $16.52.
Actively observing the price movement in the last trading, the stock closed the session at $16.42, falling within a range of $16.35 and $16.605. The value of beta (5-year monthly) was 1.785. Referring to stock’s 52-week performance, its high was $18.51, and the low was $7.21. On the whole, WWW has fluctuated by 21.65% over the past month.
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With the market capitalization of Wolverine World Wide, Inc. currently standing at about $1.32 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-07. The company’s Forward Dividend Ratio is 0.40, with its dividend yield at 2.42%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.73B, with a low estimate of 418.6M and a high estimate of 423.3M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 420.94M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WWW’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of WWW currently trading nearly 0.52% and 13.37% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.53, while the 7-day volatility ratio is showing 3.66% which for the 30-day chart, stands at 4.09%. Furthermore, Wolverine World Wide, Inc. (WWW)’s beta value is 1.79, and its average true range (ATR) is 0.66.
A comparison of Wolverine World Wide, Inc. (WWW) with its peers suggests the former has fared considerably weaker in the market. WWW showed an intraday change of 0.61% in last session, and over the past year, it grew by 113.16%%.
Data on historical trading for Wolverine World Wide, Inc. (NYSE:WWW) indicates that the trading volumes over the past 10 days have averaged 1.73 and over the past 3 months, they’ve averaged 1.31 million. According to company’s latest data on outstanding shares, there are 79.55 million shares outstanding.
Nearly 1.65% of Wolverine World Wide, Inc.’s shares belong to company insiders and institutional investors own 97.16% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.25 million shares as on 2024-09-30, resulting in a short ratio of 2.59. According to the data, the short interest in Wolverine World Wide, Inc. (WWW) stood at 920.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 6.88 million. The stock has risen by 85.83% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WWW stock heading into the next quarter.
