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What Do Analysts Think Of Formula One Group (FWONK)

How have the shares performed?

Formula One Group (FWONK) saw an uptrend of 2.32% in the recent trading with $45.47 being its most recent. The current price level -6.23% lower than the highest price of $48.49 marked by the stock while trading over the past 52-weeks, whereas it is 52.43% higher than the lowest price of $29.83 the company dropped to over past 52-weeks. The latest news story on FWONK appeared in Barrons.com under the title “The AT&T-Discovery Merger Doesnt Happen Without This Master Deal Maker. Why More Deals Could Be Coming.” on May-21-21.


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Squeezing the time span to 30 day period shows us the stock is currently trading -5.19% below one month high and is +6.14% above of the lowest during that time. Looking into the simple moving average, Formula One Group (FWONK)’s stock stands at a SMA-50 of $45.08 while that of 5-day is reading $44.85.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and FWONK’s SMA-200 as of now is $41.72.

Do analysts rate it as a buy, sell or hold?

Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 11 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.20 for the stock.

Formula One Group Earnings – What Happened With FWONK

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Formula One Group (FWONK) last released financial results for the quarter that ended 3/30/2021, posting a surprise factor of 51.20% for net revenue. During the reported three-month period, company’s sales were $597.0 billion while analysts on average were estimating the same to be $501.33 million.

FWONK – Formula One Group Stock Earnings Estimates

The perspective of Formula One Group (NASDAQ:FWONK)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.41 for stock’s EPS in the current quarter. 4 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was -0.2.

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 203.54 million. FWONK does have institutional investors; and they hold 96.81% of the stock.

Formula One Group – Insider Activity and Holdings

Moreover, the latest SEC filings also revealed that stock came across 0 new insider purchases involving 0 shares. On the other hand, FWONK declared 16,317 shares have been sold in 4 insider transactions over the past three months.

As on Dec 30, 2020, Vanguard Group, Inc. (The) was the top most holder in Formula One Group (NASDAQ:FWONK) with an ownership of 16.82 million shares of the company or 8.26% of the stake worth $716.61 million. The filing also reveals Caledonia (Private) Investments Pty Ltd as the second largest holder in the company with a control over 8.26% of the outstanding shares. Its stake is worth $716.59 million for having 16.82 million shares in hand.

Blackrock Inc. also came holding a key position in the company during the recent quarter and it now holds 7.23% of the outstanding shares. With this there are now 484 institutions which have possession in FWONK’s shares.

Currently, the stock has been recommended as Moderate Buy by 11 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.20 for the stock.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. The count was 108.36 for long-term debt to equity ratio.

Technical Analysis of Formula One Group (NASDAQ:FWONK) stock

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To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Formula One Group (FWONK), we notice that the stock’s 20-day average volume is at 781,610 shares and 50% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 809,772 shares. And to end, FWONK’s 100-day average volume is 920,522 shares with 100% of the long-term indicators pointing towards Buy for the stock.

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