A major move is in the offing as Wolverine World Wide, Inc. (WWW) market cap hits 723.72 million

Wolverine World Wide, Inc. (NYSE: WWW) kicked off on Monday, up 3.53% from the previous trading day, before settling in for the closing price of $8.79. Over the past 52 weeks, WWW has traded in a range of $7.21-$17.85.

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Consumer Cyclical Sector giant saw their annual sales surged by 6.58% over the last five years. While this was happening, its average annual earnings per share was recorded -95.12%. With a float of $76.93 million, this company’s outstanding shares have now reached $78.79 million.

The firm has a total of Mar 28 2024 workers. Let’s measure their productivity.

Wolverine World Wide, Inc. (WWW) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Footwear & Accessories Industry. The insider ownership of Wolverine World Wide, Inc. is 3.27%, while institutional ownership is 88.81%. The most recent insider transaction that took place on Aug 18, was worth 29,225. In this transaction Director of this company bought 3,500 shares at a rate of $8.35, taking the stock ownership to the 160,400 shares. Before that another transaction happened on Aug 16, when Company’s EVP, CFO and Treasurer bought 3,800 for $8.19, making the entire transaction worth $31,122. This insider now owns 221,844 shares in total.

Wolverine World Wide, Inc. (WWW) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported $0.07 earnings per share (EPS), higher than consensus estimate (set at $0.07) by $0. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.16 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -95.12% per share during the next fiscal year.

Wolverine World Wide, Inc. (NYSE: WWW) Trading Performance Indicators

Take a look at Wolverine World Wide, Inc.’s (WWW) current performance indicators. Last quarter, stock had a quick ratio of 0.63. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.30. Likewise, its price to free cash flow for the trailing twelve months is 2.52.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.92, a number that is poised to hit -0.27 in the next quarter and is forecasted to reach 0.86 in one year’s time.

Technical Analysis of Wolverine World Wide, Inc. (WWW)

Analysing the last 5-days average volume posted by the [Wolverine World Wide, Inc., WWW], we can find that recorded value of 0.88 million was lower than the volume posted last year of 0.9 million. As of the previous 9 days, the stock’s Stochastic %D was 77.08%. Additionally, its Average True Range was 0.44.

During the past 100 days, Wolverine World Wide, Inc.’s (WWW) raw stochastic average was set at 66.32%, which indicates a significant decrease from 93.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 48.92% in the past 14 days, which was lower than the 61.36% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $8.78, while its 200-day Moving Average is $10.48. Now, the first resistance to watch is $9.25. This is followed by the second major resistance level at $9.39. The third major resistance level sits at $9.62. If the price goes on to break the first support level at $8.88, it is likely to go to the next support level at $8.65. Should the price break the second support level, the third support level stands at $8.51.

Wolverine World Wide, Inc. (NYSE: WWW) Key Stats

The company with the Market Capitalisation of 723.72 million has total of 79,532K Shares Outstanding. Its annual sales at the moment are 2,685 M in contrast with the sum of -188,300 K annual income. Company’s last quarter sales were recorded 527,700 K and last quarter income was 8,600 K.