$1.10M in average volume shows that Liberty Media Corp. (FWONK) is heading in the right direction

Liberty Media Corp. (NASDAQ: FWONK) kicked off on Tuesday, up 1.09% from the previous trading day, before settling in for the closing price of $80.06. Over the past 52 weeks, FWONK has traded in a range of $61.23-$82.23.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Communication Services sector was 19.91%. While this was happening, its average annual earnings per share was recorded 38.44%. With a float of $204.85 million, this company’s outstanding shares have now reached $208.20 million.

In terms of profitability, gross margin is 22.93%, operating margin of 11.03%, and the pretax margin is 8.86%.

Liberty Media Corp. (FWONK) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Entertainment Industry. The insider ownership of Liberty Media Corp. is 13.28%, while institutional ownership is 89.24%. The most recent insider transaction that took place on Sep 30 ’24, was worth 315,002. In this transaction Director of this company sold 6,312 shares at a rate of $49.91, taking the stock ownership to the 0 shares. Before that another transaction happened on Sep 25 ’24, when Company’s Director sold 1,604 for $47.41, making the entire transaction worth $76,052. This insider now owns 5,274 shares in total.

Liberty Media Corp. (FWONK) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.39 earnings per share (EPS), higher than consensus estimate (set at 0.2) by 0.19. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.42 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 38.44% per share during the next fiscal year.

Liberty Media Corp. (NASDAQ: FWONK) Trading Performance Indicators

Take a look at Liberty Media Corp.’s (FWONK) current performance indicators. Last quarter, stock had a quick ratio of 1.68. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.23. Likewise, its price to free cash flow for the trailing twelve months is 44.88.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.00, a number that is poised to hit 0.21 in the next quarter and is forecasted to reach 1.39 in one year’s time.

Technical Analysis of Liberty Media Corp. (FWONK)

Compared to the last year’s volume of 1.16 million, its volume of 0.79 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 67.36%. Additionally, its Average True Range was 1.52.

During the past 100 days, Liberty Media Corp.’s (FWONK) raw stochastic average was set at 89.09%, which indicates a significant decrease from 90.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.83% in the past 14 days, which was lower than the 21.82% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $77.71, while its 200-day Moving Average is $72.78. Nevertheless, the first resistance level for the watch stands at $81.63 in the near term. At $82.33, the stock is likely to face the second major resistance level. The third major resistance level sits at $83.18. If the price goes on to break the first support level at $80.07, it is likely to go to the next support level at $79.22. Should the price break the second support level, the third support level stands at $78.52.

Liberty Media Corp. (NASDAQ: FWONK) Key Stats

The company with the Market Capitalisation of 19.12 billion has total of 209,810K Shares Outstanding. Its annual sales at the moment are 12,164 M in contrast with the sum of 1,815 M annual income. Company’s last quarter sales were recorded 988,000 K and last quarter income was 24,000 K.