Technical Outlook And Game Plan For Liberty Media Corp. (NASDAQ: FWONK)

Liberty Media Corp. (FWONK) concluded trading on Thursday at a closing price of $73.35, with 3.72 million shares of worth about $273.03 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.14% during that period and on August 08, 2024 the price saw a loss of about -5.12%. Currently the company’s common shares owned by public are about 208.20M shares, out of which, 202.97M shares are available for trading.

Stock saw a price change of -6.34% in past 5 days and over the past one month there was a price change of -1.40%. Year-to-date (YTD), FWONK shares are showing a performance of 16.19% which increased to 2.23% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $60.95 but also hit the highest price of $82.23 during that period. The average intraday trading volume for Liberty Media Corp. shares is 1.32 million. The stock is currently trading -6.58% below its 20-day simple moving average (SMA20), while that difference is down -2.27% for SMA50 and it goes to 6.42% higher than SMA200.

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Liberty Media Corp. (NASDAQ: FWONK) currently have 208.20M outstanding shares and institutions hold larger chunk of about 87.86% of that.

The stock has a current market capitalization of $17.21B and its 3Y-monthly beta is at 1.11. PE ratio of stock for trailing 12 months is 56.07, while it has posted earnings per share of $1.31 in the same period. Its PEG reads 1.92 and has Quick Ratio of 1.65 while making debt-to-equity ratio of 0.45. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FWONK, volatility over the week remained 3.16% while standing at 2.56% over the month.

Stock’s fiscal year EPS is expected to rise by 65.26% while it is estimated to increase by 26.42% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on December 18, 2023 offering an Equal-weight rating for the stock and assigned a target price range of between $80 and $70 to it. On February 24, 2023, Wolfe Research Initiated their recommendations, while on April 26, 2022, Rosenblatt Initiated their ratings for the stock with a price target of $81. Stock get a Neutral rating from Goldman on July 16, 2021.

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