Set Your Sights On Wolverine World Wide, Inc (NYSE: WWW)’S Upside Potential

Wolverine World Wide, Inc (WWW) concluded trading on Thursday at a closing price of $21.80, with 5.9 million shares of worth about $128.69 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 63.05% during that period and on November 07, 2024 the price saw a gain of about 35.83%. Currently the company’s common shares owned by public are about 79.55M shares, out of which, 78.65M shares are available for trading.

Stock saw a price change of 41.65% in past 5 days and over the past one month there was a price change of 32.44%. Year-to-date (YTD), WWW shares are showing a performance of 145.22% which increased to 158.29% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.58 but also hit the highest price of $18.51 during that period. The average intraday trading volume for Wolverine World Wide, Inc shares is 1.27 million. The stock is currently trading 33.50% above its 20-day simple moving average (SMA20), while that difference is up 37.83% for SMA50 and it goes to 71.91% higher than SMA200.

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Wolverine World Wide, Inc (NYSE: WWW) currently have 79.55M outstanding shares and institutions hold larger chunk of about 95.86% of that.

The stock has a current market capitalization of $1.74B and its 3Y-monthly beta is at 1.79. It has posted earnings per share of -$1.05 in the same period. It has Quick Ratio of 0.74 while making debt-to-equity ratio of 3.69. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WWW, volatility over the week remained 7.82% while standing at 4.24% over the month.

Stock’s fiscal year EPS is expected to rise by 1634.17% while it is estimated to increase by 51.78% 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 Exane BNP Paribas on October 03, 2024 offering an Outperform rating for the stock and assigned a target price of $22 to it. Coverage by Piper Sandler stated Wolverine World Wide, Inc (WWW) stock as an Overweight in their note to investors on August 23, 2024, suggesting a price target of $18 for the stock. On August 08, 2024, KeyBanc Capital Markets Upgrade their recommendations, while on August 08, 2024, Telsey Advisory Group Reiterated their ratings for the stock with a price target of $15. Stock get a Buy rating from UBS on July 19, 2024.

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