A new trading day began on Friday, with Wolverine World Wide, Inc. (NYSE: WWW) stock price down -0.22% from the previous day of trading, before settling in for the closing price of $13.90. WWW’s price has ranged from $7.21 to $15.09 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales topped by 1.97%. Meanwhile, its annual earnings per share averaged 1497.68%. With a float of $78.62 million, this company’s outstanding shares have now reached $79.55 million.
The extent of productivity of a business whose workforce counts for 4100 workers is very important to gauge.
Wolverine World Wide, Inc. (WWW) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Footwear & Accessories Industry. The insider ownership of Wolverine World Wide, Inc. is 1.64%, while institutional ownership is 92.72%. The most recent insider transaction that took place on May 28 ’24, was worth 44,462. In this transaction President, International Group of this company sold 3,201 shares at a rate of $13.89, taking the stock ownership to the 26,519 shares. Before that another transaction happened on Aug 18 ’23, when Company’s Director bought 3,500 for $8.35, making the entire transaction worth $29,225. This insider now owns 160,400 shares in total.
Wolverine World Wide, Inc. (WWW) Performance Highlights and Predictions
In its latest quarterly report, released on 3/31/2024, the company reported earnings of 0.19 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.34 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 1497.68% per share during the next fiscal year.
Wolverine World Wide, Inc. (NYSE: WWW) Trading Performance Indicators
Here are Wolverine World Wide, Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.65. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.54. Likewise, its price to free cash flow for the trailing twelve months is 6.52.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.92, a number that is poised to hit 0.11 in the next quarter and is forecasted to reach 1.21 in one year’s time.
Technical Analysis of Wolverine World Wide, Inc. (WWW)
The latest stats from [Wolverine World Wide, Inc., WWW] show that its last 5-days average volume of 3.13 million was superior to 1.0 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 83.55%. Additionally, its Average True Range was 0.53.
During the past 100 days, Wolverine World Wide, Inc.’s (WWW) raw stochastic average was set at 90.89%, which indicates a significant decrease from 90.96% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.53% in the past 14 days, which was lower than the 49.58% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.19, while its 200-day Moving Average is $9.69. Now, the first resistance to watch is $14.09. This is followed by the second major resistance level at $14.32. The third major resistance level sits at $14.60. If the price goes on to break the first support level at $13.59, it is likely to go to the next support level at $13.31. Assuming the price breaks the second support level, the third support level stands at $13.08.
Wolverine World Wide, Inc. (NYSE: WWW) Key Stats
With a market capitalization of 1.11 billion, the company has a total of 79,929K Shares Outstanding. Currently, annual sales are 2,243 M while annual income is -39,600 K. The company’s previous quarter sales were 394,900 K while its latest quarter income was -14,500 K.
