The trading price of Flutter Entertainment Plc (NYSE:FLUT) floating higher at last check on current market day and closing at $238.23, 4.66% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $234.56 and $243.55. In examining the 52-week price action we see that the stock hit a 52-week high of $252.84 and a 52-week low of $148.00. Over the past month, the stock has gained 0.98% in value.
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Flutter Entertainment Plc, whose market valuation is $18.96 billion at the time of this writing, is expected to release its quarterly earnings report on 2024-Nov-13. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.1 per share this quarter, however they have predicted annual earnings per share of 5.78 for current year and 8.32 for next year.
Analysts have forecast the company to bring in revenue of 3.05B for the current quarter, with the likely lows of 2.95B and highs of 3.11B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 14.15B.
On the technical side, indicators suggest FLUT has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned FLUT a recommendation rating is 10. Out of them, 2 rate it a Hold, while 8 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Flutter Entertainment Plc (FLUT) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that FLUT’s price is currently 2.97% off the SMA20 and 5.52% off the SMA50. The RSI metric on the 14-day chart is currently showing 59.09, and weekly volatility stands at 2.20%. When measured over the past 30 days, the indicator reaches 2.43%. Flutter Entertainment Plc (NYSE:FLUT)’s beta value is currently sitting at 1.25, while the Average True Range indicator is currently displaying 6.90. With analysts defining $240-$300 as the low and high price targets, we arrive at a consensus price target of $273 for the trailing 12-month period. The current price is about -0.74% off the estimated low and -25.93% off the forecast high, based on this estimate. Investors will be thrilled if FLUT’s share price rises to $273, which is the median consensus price. At that level, FLUT’s share price would be -14.6% below current price.
To see how Flutter Entertainment Plc stock has been performing today in comparison to its peers in the industry, here are the numbers: FLUT stock’s performance was 4.66% at last check in today’s session, and 52.80% in the past year.
An evaluation of the daily trading volume of Flutter Entertainment Plc (NYSE:FLUT) indicates that the 3-month average is 2.10 million. However, this figure has increased over the past 10 days to an average of 1.24.
Currently, records show that 177.01 million of the company’s shares remain outstanding. The stats also highlight that short interest as of 2024-10-15, stood at 3.28 million shares, resulting in a short ratio of 1.23 at that time. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 3.34 million. However, since the stock’s price has seen 33.09% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
