Formula One Group (NASDAQ:FWONK) Downgraded by Zacks Investment Research to Hold

Formula One Group stock has undergone multiple analysts rating changes in the recent past.  Formula One Group Downgraded by Zacks Investment Research on 10-12-21. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Strong-Buy.

Shares of Formula One Group traded up $0.09 on Tuesday, reaching $53.38. 0 shares of the stock traded hands, compared to its average volume of 726186. Shares of Formula One Group were trading at $53.38 on Tuesday. The firm’s 50 day moving average is $50.01 and its 200 day moving average is $46.29.Formula One Group has a 12 month low of $53.20 and a 12 month high of $54.16. While on yearly highs and lows, Formula One Group’s today has traded high as $53.77 and has touched $53.20 on the downward trend. See More Analyst Rating at: RATING

Formula One Group Earnings and What to expect: 

Formula One Group last issued its quarterly earnings data on August 6th, 2021. The reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.62. The company earned $501 million during the quarter, compared to the consensus estimate of $448.68 million. Formula One Group has generated ($2.57) earnings per share over the last year (($0.19) diluted earnings per share). Earnings for Formula One Group are expected to decrease by -37.50% in the coming year, from $0.24 to $0.15 per share. Formula One Group has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, November 4th, 2021 based off prior year’s report dates.

Earnings for Formula One Group are expected to decrease by -37.50% in the coming year, from $0.24 to $0.15 per share. The P/E ratio of Formula One Group is -280.95, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Formula One Group is -280.95, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Formula One Group has a P/B Ratio of 0.63. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Formula One Group (NASDAQ:FWONK) Moving Average Technical Analysis

5 day Moving Average is $53.28 And 5 day price change is $0.48 (0.91%)  with average volume for 5 day average is 720,340. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $51.40 and 20 day price change is $3.90 (7.88%) and average 20 day moving volume is 715,435. 50 day moving average is $50.01  and 50 day price change is $6.10 ( 12.90%)  and with average volume for 50 days is : 681,576. 200 day moving average is $46.29  and 200 day price change is $11.71 (28.10%)  and with average volume for 200 days is : 840,215.

Other owners latest trading in Formula One Group :

  • On 10/12/2021 shares held by Norman Fields Gottscho Capital Management LLC were 72,635 which equates to market value of $3.73M and appx 1.50% owners of Formula One Group
  • On 8/17/2021 shares held by Hahn Capital Management LLC were 152,545 which equates to market value of $7.35M and appx 1.40% owners of Formula One Group
  • On 8/17/2021 shares held by Metropolitan Life Insurance Co NY were 4,100 which equates to market value of $0.20M and appx 0.00% owners of Formula One Group
  • In total Institutional ownership equates to Institutional Ownership Percentage: 84.08% for Formula One Group

See More Analyst Rating at: RATING