Wolverine World Wide, Inc (NYSE:WWW) shares, rose in value on Thursday, March 06, with the stock price down by -0.28% to the previous day’s close as strong demand from buyers drove the stock to $14.26.
Actively observing the price movement in the last trading, the stock closed the session at $14.30. The PE ratio was 25.12 over 12-month period. Referring to stock’s 52-week performance, its high was $24.64, and the low was $9.06. On the whole, WWW has fluctuated by -34.50% over the past month.
With the market capitalization of Wolverine World Wide, Inc currently standing at about $1.15 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.40, with its dividend yield at 2.81%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.82B, with a low estimate of 394.67M and a high estimate of 397.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 395.57M.
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% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.81, with the price of WWW currently trading nearly -15.30% and -29.98% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 21.71, while the 7-day volatility ratio is showing 5.28% which for the 30-day chart, stands at 5.48%. Furthermore, Wolverine World Wide, Inc (WWW)’s beta value is 1.78, and its average true range (ATR) is 0.96.
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 -0.28% in last session, and over the past year, it grew by 48.08%%.
Data on historical trading for Wolverine World Wide, Inc (NYSE:WWW) indicates that the trading volumes over the past 3 months, they’ve averaged 1.36 million. According to company’s latest data on outstanding shares, there are 80.33 million shares outstanding.
Nearly 1.87% of Wolverine World Wide, Inc’s shares belong to company insiders and institutional investors own 101.81% of the company’s shares. The stock has fallen by -35.77% 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.
