Formula One Group (NASDAQ:FWONK) went up by 0.06% during the previous trading session, and it is maintaining the win ahead of Monday’s trading session. The share price of the Broadcasting giant went up by $36.31 to trade ended Monday trading at $36.29. This is up from the $36.29 price recorded on Friday’s trading session. Thanks to this latest performance, FWONK is closer to the higher price 52-week target of $44.00 and further from the lowest price target of $32.00. Its performance from the start of the year has also been negative, with FWONK down by -21.01% year-to-date.
Formula One Group (FWONK) started the day trading at $35.2 and recorded an intraday high of $36.82. It also recorded an intraday low of $34.67 during Monday’s trading session. Formula One Group is a very active stock that recorded a trading volume that is less than -123.07% of the average daily trading volume on Monday. The stock’s trading volume on Monday was 990726, which is less than -123.07 of the total average daily trading volume of 2.21 million.
Formula One Group (NASDAQ:FWONK) 2020 Performance Impressive
The increase in FWONK’s stock price on Monday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of FWONK currently stands at $48.95, which is higher than the current trading price of the stock by 25.82%. However, FWONK’s current trading price is -98.31% lower than the 52-week low price of $18.31. In terms of trading volume, Formula One Group currently experienced healthy participation during the last trading session. 990726 shares of Formula One Group were traded on the stock exchange on Monday, which is less than -123.07% of the 2.21 million average trading volume of the stock.
The performance of the stock has been positive over the past year. FWONK’s performance over the past one year has seen it plunge by -0.63%, while the stock has gone down by -17.55% in the last six months. The quarterly performance of FWONK currently stands at 77.04%, and it is up by 20.43% in the last month. The only negative figure was from the weekly performance, which currently reads -4.87%. At the time of writing FWONK’s report, the company has a total market cap of $7.39B, making it one of the largest publicly-traded companies in the world.
FWONK Insider Activities
For Formula One Group, insiders hold 95.09% of all company shares. The insider transactions over the past six months are up by 12.10%. During that period, insiders bought 0 shares in 0 transactions. In that same period, insiders sold 0 of their shares in 0 transactions. After these transactions, insiders at Formula One Group now hold 7.07M shares, which is over 95.09% of the total company stocks. Institutional investors currently hold a large chunk of the FWONK shares, as they control 3.05% of the company’s total stock.
FWONK Fundamental Analysis
For Formula One Group, the stock’s diluted earnings per share (EPS) stands at -2.18. In the coming year, analysts expect the EPS to be -0.18.
FWONK Analysts Prediction
In May 16, 2019, several analysts reiterated their positions on the Formula One Group stock and predicted its performance to their investors. The analysts at B. Riley FBR believe FWONK is still a Buy and set the price target between $35 and $46.
FWONK Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of FWONK currently stands at 4.58%, while the SMA50 is 19.84%. The biggest one is the SMA200, which is currently reading -5.95% ahead of Monday’s trading session. The Relative Strength Index of this stock is 61.00.