World Wrestling Entertainment Inc. (NYSE:WWE) went down by -0.09% during the previous trading session, and it is maintaining the win ahead of Friday’s trading session. The share price of the Entertainment giant went up by $45.21 to trade ended Friday trading at $45.25. This is down from the $45.25 price recorded on Thursday’s trading session. Thanks to this latest performance, WWE is closer to the higher price 52-week target of $66.00 and further from the lowest price target of $30.00. Its performance from the start of the year has also been negative, with WWE down by -30.31% year-to-date.
World Wrestling Entertainment Inc. (WWE) started the day trading at $45.52 and recorded an intraday high of $46.55. It also recorded an intraday low of $44.86 during Friday’s trading session. World Wrestling Entertainment Inc. is a very active stock that recorded a trading volume that is less than -50.02% of the average daily trading volume on Friday. The stock’s trading volume on Friday was 713235, which is less than -50.02 of the total average daily trading volume of 1.07 million.
World Wrestling Entertainment Inc. (NYSE:WWE) 2020 Performance Impressive
The increase in WWE’s stock price on Friday 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 WWE currently stands at $78.76, which is higher than the current trading price of the stock by 42.6%. However, WWE’s current trading price is -55.36% lower than the 52-week low price of $29.10. In terms of trading volume, World Wrestling Entertainment Inc. currently experienced healthy participation during the last trading session. 713235 shares of World Wrestling Entertainment Inc. were traded on the stock exchange on Friday, which is less than -50.02% of the 1.07 million average trading volume of the stock.
The performance of the stock has been positive over the past year. WWE’s performance over the past one year has seen it plunge by -40.02%, while the stock has gone down by -29.36% in the last six months. The quarterly performance of WWE currently stands at 23.86%, and it is down by -1.18% in the last month. The only positive figure was from the weekly performance, which currently reads 1.66%. At the time of writing WWE’s report, the company has a total market cap of $3.50B, making it one of the largest publicly-traded companies in the world.World Wrestling Entertainment Inc. also has over 960 employees all over the world.
WWE Insider Activities
The insider transactions over the past six months are down by -5.00%.For World Wrestling Entertainment Inc. insiders bought 59,835 shares in 25 transactions. In that same period, insiders sold 105,615 of their shares in 7 transactions. After these transactions, insiders at World Wrestling Entertainment Inc. now hold 870.15k shares, which is over 126.30% of the total company stocks. Institutional investors currently hold a large chunk of the WWE shares, as they control 1.12% of the company’s total stock.
WWE Fundamental Analysis
For World Wrestling Entertainment Inc., the stock’s diluted earnings per share (EPS) stands at 1.27. In the coming year, analysts expect the EPS to be 1.72. The EPS growth will up over the next five years to 30.63% after surging by 32.90% in the previous five years. In terms of revenue, World Wrestling Entertainment Inc.’s quarterly sales (YOY) is growing at 0.07, which is lower than the average annual revenue of 32.90% over the past half a decade.
The Return on Investment (ROI) on World Wrestling Entertainment Inc.’s stock currently stands at 11.90%, and it has a net profit margin of 10.40%. The operating margin of the company is 16.50%.
WWE Analysts Prediction
Needham reiterate their Buy position on the stock ($55 and $45)
Analysts at JP Morgan believe that WWE is Neutral, and they have a price target of between $80 and $47. Northcoast and The Benchmark Company also believe that World Wrestling Entertainment Inc.’s stock is outperforming at the moment. WWE received a positive rating from Wells Fargo, which set a price target of $80-$36 for the stock.
At the moment, World Wrestling Entertainment Inc.’s Total Debt to Equity ratio stands at 1.96, and they have a long-term Debt to Equity ratio of 1.29.
WWE Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of WWE currently stands at -1.66%, while the SMA50 is 3.66%. The biggest one is the SMA200, which is currently reading -16.10% ahead of Friday’s trading session. The Relative Strength Index of this stock is 52.07, while its price to earnings ratio (P/E) is 35.65.