Wolverine World Wide, Inc. (NYSE:WWW) shares, rose in value, with the stock price up by 3.91% to the previous day’s close as strong demand from buyers drove the stock to $10.90.
Actively observing the price movement in the last trading, the stock closed the session at $10.49. Referring to stock’s 52-week performance, its high was $17.85, and the low was $7.21. On the whole, WWW has fluctuated by -3.37% over the past month.
The company’s Forward Dividend Ratio is 0.40, with its dividend yield at 3.67%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.72B, with a low estimate of 352.66M and a high estimate of 360.6M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 359.15M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WWW’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of WWW currently trading nearly 9.56% and 9.63% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.05, while the 7-day volatility ratio is showing 3.90% which for the 30-day chart, stands at 3.71%. Furthermore, Wolverine World Wide, Inc. (WWW)’s beta value is 1.76, and its average true range (ATR) is 0.41.
A comparison of Wolverine World Wide, Inc. (WWW) with its peers suggests the former has fared considerably weaker in the market. WWW showed an intraday change of 3.91% in last session, and over the past year, it shrunk by -31.83%%.
Data on historical trading for Wolverine World Wide, Inc. (NYSE:WWW) indicates that the trading volumes over the past 3 months, they’ve averaged 811.27K. According to company’s latest data on outstanding shares, there are 79.55 million shares outstanding.
Nearly 1.63% of Wolverine World Wide, Inc.’s shares belong to company insiders and institutional investors own 90.43% of the company’s shares. The stock has risen by 22.61% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WWW stock heading into the next quarter.
