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China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
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Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
NASDAQ:FWONA

Formula One Group - FWONA Stock Forecast, Price & News

$57.30
-3.20 (-5.29%)
(As of 08/5/2022 08:48 PM ET)
Add
Compare
Today's Range
$56.78
$62.51
50-Day Range
$53.12
$61.99
52-Week Range
$41.30
$64.70
Volume
125,200 shs
Average Volume
152,205 shs
Market Capitalization
$13.24 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$62.80

Formula One Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
9.6% Upside
$62.80 Price Target
Short Interest
Healthy
4.54% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.47mentions of Formula One Group in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$63,130 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.43 out of 5 stars

Consumer Discretionary Sector

304th out of 365 stocks

Television Broadcasting Stations Industry

15th out of 20 stocks

FWONA stock logo

About Formula One Group (NASDAQ:FWONA) Stock

Formula One Group engages in the motorsports business in the United States and internationally. It holds commercial rights for the world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company was founded in 1950 and is based in Englewood, Colorado. Formula One Group is a subsidiary of Liberty Media Corporation.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on FWONA shares. Morgan Stanley upgraded shares of Formula One Group from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $65.00 to $72.00 in a research note on Wednesday, June 15th. Deutsche Bank Aktiengesellschaft raised their target price on Formula One Group from $52.00 to $55.00 in a research note on Tuesday, May 10th. Finally, Citigroup reduced their price objective on shares of Formula One Group from $65.00 to $62.00 and set a "neutral" rating for the company in a research report on Thursday, July 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $62.80.

Formula One Group Trading Down 5.3 %

Shares of Formula One Group stock opened at $57.30 on Monday. Formula One Group has a 12 month low of $41.30 and a 12 month high of $64.70. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.92. The business has a fifty day simple moving average of $57.00 and a 200-day simple moving average of $57.20.

Formula One Group (NASDAQ:FWONA - Get Rating) last issued its earnings results on Friday, May 6th. The company reported ($0.15) EPS for the quarter. Formula One Group had a negative net margin of 7.73% and a negative return on equity of 0.96%. The firm had revenue of $360.00 million during the quarter.

Insider Activity at Formula One Group

In other Formula One Group news, major shareholder Gamco Investors, Inc. Et Al acquired 2,000 shares of the firm's stock in a transaction that occurred on Monday, June 27th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $50,000.00. Following the completion of the acquisition, the insider now owns 12,000 shares of the company's stock, valued at approximately $300,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.83% of the stock is currently owned by company insiders.

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FWONA Stock News Headlines

Luxury Car Makers Drive Formula One to Survive
Formula One Group reports Q1 results
Formula One: Australian Grand Prix results
Formula One: World championship standings
Formula One to hold night race on Las Vegas strip
Brawn: Formula One needs focus on 'raceability'
See More Headlines
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FWONA Company Calendar

Last Earnings
2/25/2021
Today
8/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Television broadcasting stations
Sub-Industry
Broadcasting
Current Symbol
NASDAQ:FWONA
CUSIP
53122910
Fax
N/A
Employees
7,047
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$62.80
High Stock Price Forecast
$72.00
Low Stock Price Forecast
$55.00
Forecasted Upside/Downside
+9.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$398 million
Pretax Margin
57.43%

Debt

Sales & Book Value

Annual Sales
$2.14 billion
Cash Flow
$3.82 per share
Book Value
$79.02 per share

Miscellaneous

Free Float
219,941,000
Market Cap
$13.24 billion
Optionable
Optionable
Beta
1.11














FWONA Stock - Frequently Asked Questions

Should I buy or sell Formula One Group stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Formula One Group in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Formula One Group stock.
View analyst ratings for Formula One Group
or view top-rated stocks.

What is Formula One Group's stock price forecast for 2022?

5 equities research analysts have issued twelve-month target prices for Formula One Group's stock. Their FWONA stock forecasts range from $55.00 to $72.00. On average, they expect Formula One Group's stock price to reach $62.80 in the next twelve months. This suggests a possible upside of 9.6% from the stock's current price.
View analysts' price targets for Formula One Group
or view top-rated stocks among Wall Street analysts.

How has Formula One Group's stock performed in 2022?

Formula One Group's stock was trading at $59.34 at the beginning of 2022. Since then, FWONA stock has decreased by 3.4% and is now trading at $57.30.
View the best growth stocks for 2022 here
.

How were Formula One Group's earnings last quarter?

Formula One Group (NASDAQ:FWONA) released its quarterly earnings results on Thursday, February, 25th. The company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.17. The business had revenue of $485 million for the quarter. Formula One Group had a negative net margin of 7.73% and a negative trailing twelve-month return on equity of 0.96%.

What is Formula One Group's stock symbol?

Formula One Group trades on the NASDAQ under the ticker symbol "FWONA."

Who are Formula One Group's major shareholders?

Formula One Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Strs Ohio (0.02%), Athena Investment Management (0.00%), OLD Mission Capital LLC (0.00%) and US Bancorp DE (0.00%). Company insiders that own Formula One Group stock include Albert E Rosenthaler, Art LP Ancient, Brian J Wendling, Gamco Investors, Inc Et Al, Gregory B Maffei, John C Malone, Malcolm Ian Grant Gilchrist and R Ted Weschler.
View institutional ownership trends for Formula One Group
.

How do I buy shares of Formula One Group?

Shares of FWONA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Formula One Group's stock price today?

One share of FWONA stock can currently be purchased for approximately $57.30.

How much money does Formula One Group make?

Formula One Group (NASDAQ:FWONA) has a market capitalization of $13.24 billion and generates $2.14 billion in revenue each year. The company earns $398 million in net income (profit) each year or ($0.77) on an earnings per share basis.

How many employees does Formula One Group have?

Formula One Group employs 7,047 workers across the globe.

How can I contact Formula One Group?

Formula One Group's mailing address is 12300 LIBERTY BOULEVARD, ENGLEWOOD CO, 80112. The official website for Formula One Group is www.libertymedia.com. The company can be reached via phone at (720) 875-5400 or via email at investor@libertymedia.com.

This page (NASDAQ:FWONA) was last updated on 8/8/2022 by MarketBeat.com Staff

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