The leading market experts have placed a mean price target of $23.75 on Wolverine World Wide, Inc. (NYSE:WWW) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.34 a share for the upcoming quarter and $1.36 for the current fiscal.
The technical analysis of Wolverine World Wide, Inc. Comm plainly substantiates that the 50-day moving average of Wolverine World Wide, Inc. Comm is $23.85, and stock is trading $-0.25 points away or -1.03% from its 50-day moving average of $23.85. Further it is trading $3.53 or +17.60% away its 200-day moving average of $20.07. Wolverine World Wide, Inc. (NYSE:WWW) 52-week high is $27.66 and the 52-week low is $14.74.
This explains if the stock moves $-4.06, it will post a 52-week high. In event of +60.11% decline, a 52-week low will be hit.
Taking the valuation aspect to emphasize the valuation of Wolverine World Wide, Inc. Comm, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Wolverine World Wide, Inc. (NYSE:WWW) ratio came in at 23.91.
The stock last ended the trading session at $23.60 and registered a market cap of $2.35B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Wolverine World Wide, Inc. (NYSE:WWW) PEG ratio is at 1.39.
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