Stock To Watch: World Wrestling Entertainment, Inc. (NYSE:WWE)


The leading market experts have placed a mean price target of $21.99 on World Wrestling Entertainment, Inc. (NYSE:WWE) 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 $0.12 a share for the upcoming quarter and $0.48 for the current fiscal.

Technical View

The technical analysis of World Wrestling Entertainment, plainly substantiates that the 50-day moving average of World Wrestling Entertainment, is $19.86, and stock is trading $1.08 points away or +5.42% from its 50-day moving average of $19.86. Further it is trading $3.09 or +17.29% away its 200-day moving average of $17.85. World Wrestling Entertainment, Inc. (NYSE:WWE) 52-week high is $21.39 and the 52-week low is $14.20.

This explains if the stock moves $-0.45, it will post a 52-week high. In event of +47.46% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of World Wrestling Entertainment, , 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, World Wrestling Entertainment, Inc. (NYSE:WWE) ratio came in at 67.33.

The stock last ended the trading session at $20.94 and registered a market cap of $1.60B. 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. World Wrestling Entertainment, Inc. (NYSE:WWE) PEG ratio is at 2.17.

1 Chart Pattern Every Investor Should Know

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