Set Your Sights On Flutter Entertainment Plc (NYSE: FLUT)’S Upside Potential

Flutter Entertainment Plc (FLUT) concluded trading on Thursday at a closing price of $239.86, with 4.32 million shares of worth about $1.04 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.65% during that period and on September 25, 2024 the price saw a gain of about 5.12%. Currently the company’s common shares owned by public are about 177.01M shares, out of which, 175.93M shares are available for trading.

Stock saw a price change of 4.72% in past 5 days and over the past one month there was a price change of 14.95%. Year-to-date (YTD), FLUT shares are showing a performance of 34.00% which increased to 45.81% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $148.00 but also hit the highest price of $234.54 during that period. The average intraday trading volume for Flutter Entertainment Plc shares is 1.93 million. The stock is currently trading 9.18% above its 20-day simple moving average (SMA20), while that difference is up 15.90% for SMA50 and it goes to 21.12% higher than SMA200.

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Flutter Entertainment Plc (NYSE: FLUT) currently have 177.01M outstanding shares and institutions hold larger chunk of about 83.38% of that.

The stock has a current market capitalization of $42.64B and its 3Y-monthly beta is at 1.24. It has posted earnings per share of -$0.35 in the same period. It has Quick Ratio of 0.89 while making debt-to-equity ratio of 0.74. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FLUT, volatility over the week remained 2.93% while standing at 2.33% over the month.

Analysts are in expectations that Flutter Entertainment Plc (FLUT) stock would likely to be making an EPS of 0.23 in the current quarter, while forecast for next quarter EPS is 2.46 and it is 8.19 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.26 which is 0.59 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 62.85% while it is estimated to increase by 47.26% 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 Needham on September 23, 2024 offering a Buy rating for the stock and assigned a target price of $270 to it. Coverage by Barclays stated Flutter Entertainment Plc (FLUT) stock as an Overweight in their note to investors on September 12, 2024, suggesting a price target of $263 for the stock. On August 22, 2024, Morgan Stanley Initiated their recommendations, while on June 04, 2024, Oppenheimer Initiated their ratings for the stock with a price target of $240. Stock get a Buy rating from MoffettNathanson on May 06, 2024.

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