Spotting A Winner: Wolverine World Wide, Inc. (NYSE: WWW) Retreats -1.42 And It Still Have Room To Run

Wolverine World Wide, Inc. (NYSE:WWW) currently has a daily average trading volume of 942.82K but it saw 1124105 shares traded in last market. With a market cap of 1.11B USD, the company’s current market price of $13.86 came falling about -1.42 while comparing to the previous closing price of $14.06. In past 52 weeks, the stock remained buoying in the range of price level as high as $16.21 and as low as $7.21.

Taking a look at 20-day trading activity of Wolverine World Wide, Inc. (WWW) gives us an average price of $11.49, while its current price level is -14.50% below from 52-week high level whereas it is 92.23% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $10.62 while that of 200 days or SMA-200 reads an average of $9.20. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.18% during that period while stretching the period over a month that increases to 4.42%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 78.27 which implies that the stock is in overbought territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Telsey Advisory Group which reiterated the stock as “Market Perform” in its note to investors issued on May 09, 2024, recommending a price target of between $10 and $14 for it. Seaport Research Partners upgraded its recommendation for the stock as a “Buy” from “Neutral” on May 06, 2024 while assigning a price target of $15.

Over the week, WWW’s stock price is moving 8.79% up while it is 44.53% when we observe its performance for the past one month. Year-to-date it is 55.91% up and over the past year, the stock is showing a downside performance of -12.88%.

Currently, Wolverine World Wide, Inc.’s total number of outstanding shares is 79.55M. Company’s return on investment (ROI) stands at -7.66% and return on equity (ROE) at -25.42%. It has a 11.50 of forward P/E ratio. Stock’s beta reads 1.75. Stock has a price to book (P/B) ratio of 4.39 while price to sale or P/S ratio amounts to 0.54. Its return on asset (ROA) is -3.45% on average.