NASDAQ:FWONK

Formula One Group (FWONK) Stock Forecast, Price & News

$62.30

+0.62 (+1.01%)

(As of 09/29/2023 ET)

Compare

Today's Range: $61.73
▼
$63.32
50-Day Range: $61.45
▼
$74.13
52-Week Range: $60.95
▼
$78.58

Volume: 721,888 shs
Average Volume: 918,403 shs
Market Capitalization: $14.61 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $85.50

Formula One Group MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 37.2% Upside
$85.50 Price Target
Short Interest: Healthy
1.56% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.07
Based on 3 Articles This Week
Insider Trading: Selling Shares
$20.10 M Sold Last Quarter
Proj. Earnings Growth: 60.00%
From $0.60 to $0.96 Per Share

Overall MarketRank^™

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

2.59 out of 5 stars

Consumer Discretionary Sector

80th out of 269 stocks

3.5

Analyst's Opinion

Consensus Rating
Formula One Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $85.50, Formula One Group has a forecasted upside of 37.2% from its current price of $62.30.
Amount of Analyst Coverage
Formula One Group has only been the subject of 3 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.56% of the float of Formula One Group has been sold short.
Short Interest Ratio / Days to Cover
Formula One Group has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Formula One Group has recently decreased by 4.53%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Formula One Group does not currently pay a dividend.
Dividend Growth
Formula One Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FWONK.

3.4

News and Social Media Coverage

News Sentiment
Formula One Group has a news sentiment score of 1.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Formula One Group this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for FWONK on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
4 people have added Formula One Group to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Formula One Group insiders have sold 300.61% more of their company's stock than they have bought. Specifically, they have bought $5,017,980.00 in company stock and sold $20,102,637.00 in company stock.
Percentage Held by Insiders
Only 4.31% of the stock of Formula One Group is held by insiders.
Percentage Held by Institutions
Only 0.18% of the stock of Formula One Group is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Formula One Group are expected to grow by 60.00% in the coming year, from $0.60 to $0.96 per share.

See Top Rated MarketRank™ Stocks Here

About Formula One Group (NASDAQ:FWONK) 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.

FWONK Price History

30 days | 90 days | 365 days | Advanced Chart

FWONK Stock News Headlines

September 25, 2023 | americanbankingnews.com

Formula One Group (NASDAQ:FWONK) Given Average Rating of "Buy" by Analysts

September 10, 2023 | msn.com

Formula One Group: Valuation May Be Full Here

September 30, 2023 | Behind the Markets (Ad)

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September 6, 2023 | markets.businessinsider.com

Rosenblatt Securities Keeps Their Buy Rating on Liberty Media Liberty Formula One (FWONK)

September 6, 2023 | markets.businessinsider.com

Rosenblatt Maintains Buy Rating for Liberty Formula One Group: Here's What You Need To Know

August 2, 2023 | finance.yahoo.com

Ferrari stock reverses despite boosted guidance, higher 'personalizations' spending

July 21, 2023 | fool.com

Formula One Group (NASDAQ: FWON.K)

July 10, 2023 | msn.com

Formula One: Three things we learned from the British Grand Prix

September 30, 2023 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

July 8, 2023 | msn.com

The genius invention that changed Formula One for the better

June 26, 2023 | msn.com

Ryan Reynolds and Rob McElhenney Buy Stake in Formula One Racing Team

June 26, 2023 | msn.com

Ryan Reynolds, Rob McElhenney invest in Alpine Formula One team

June 24, 2023 | yahoo.com

Two Formula 1 Teams Believed to Be in Picture for IndyCar champ Alex Palou

June 15, 2023 | msn.com

Formula One Group: Positive Growth Outlook Means It's A Buy

May 26, 2023 | seekingalpha.com

Formula One: Popularity Driving Growth

May 6, 2023 | msn.com

Formula 1's Miami Grand Prix brings 'pretty sick' vibes in second year

May 6, 2023 | news.yahoo.com

Formula 1 Teams Fear Adding to Their Ranks Could “Dilute” Income

May 5, 2023 | msn.com

Will.I.Am Launches Formula 1 Partnership Via Tag-Team Single With Lil Wayne

May 5, 2023 | finance.yahoo.com

Liberty Media Corporation Reports First Quarter 2023 Financial Results

April 25, 2023 | finance.yahoo.com

Formula 1® and Custom Events from WSJ To Host Inaugural F1 Accelerate Summit

March 29, 2023 | investopedia.com

What Is the Formula for Calculating Free Cash Flow?

March 26, 2023 | seekingalpha.com

FWONK Formula One Group

March 25, 2023 | yahoo.com

Formula E race six: Talking points as title favourites chase Pascal Wehrlein in Brazil debut

March 19, 2023 | yahoo.com

The Best Formula 1 Merch for Racing Obsessives, From Team Polos to Model Cars

March 10, 2023 | finance.yahoo.com

Should You Short The Liberty SiriusXM Group (LSXMA) Stock?

March 3, 2023 | seekingalpha.com

Formula One Group: Gentlemen, Start Your Engines

March 2, 2023 | finance.yahoo.com

Formula One Group: F1 Reports In-Line End to 2022; 2024 Race Schedule Likely To Feature 25 Races

See More Headlines

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FWONK Company Calendar

Last Earnings: 2/25/2021
Today: 9/30/2023
Next Earnings (Estimated): 11/03/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: N/A
Sub-Industry: N/A
Sector: Consumer Discretionary
Current Symbol: NASDAQ:FWONK
CUSIP: N/A
CIK: 1560385
Web: www.libertymedia.com
Phone: (720) 875-5400
Fax: N/A
Employees: 7,047
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $85.50
High Stock Price Forecast: $92.00
Low Stock Price Forecast: $82.00
Forecasted Upside/Downside: +37.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: 234,560,000
Free Float: 224,448,000
Market Cap: $14.61 billion
Optionable: Optionable
Beta: N/A

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Key Executives

Mr. Stefano Domenicali (Age 58)
Pres & CEO

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FWONK Stock - Frequently Asked Questions

Should I buy or sell Formula One Group stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Formula One Group in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" FWONK shares.
View FWONK analyst ratings or view top-rated stocks.
What is Formula One Group's stock price forecast for 2023?: 6 brokerages have issued 1 year price objectives for Formula One Group's shares. Their FWONK share price forecasts range from $82.00 to $92.00. On average, they expect the company's share price to reach $85.50 in the next twelve months. This suggests a possible upside of 37.2% from the stock's current price.
View analysts price targets for FWONK or view top-rated stocks among Wall Street analysts.
How have FWONK shares performed in 2023?: Formula One Group's stock was trading at $59.78 at the beginning of 2023. Since then, FWONK shares have increased by 4.2% and is now trading at $62.30.
View the best growth stocks for 2023 here.
When is Formula One Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, November 3rd 2023.
View our FWONK earnings forecast.
How were Formula One Group's earnings last quarter?: Formula One Group (NASDAQ:FWONK) released its quarterly earnings data on Thursday, February, 25th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.25. The company had revenue of $485 million for the quarter, compared to analyst estimates of $664.58 million.
What ETFs hold Formula One Group's stock?: ETFs with the largest weight of Formula One Group (NASDAQ:FWONK) stock in their portfolio include Cambiar Aggressive Value ETF (CAMX), Invesco Leisure and Entertainment ETF (PEJ), Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ), VictoryShares Nasdaq Next 50 ETF (QQQN), Corbett Road Tactical Opportunity ETF (OPPX), First Trust US Equity Opportunities ETF (FPX), Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) and Invesco NASDAQ Next Gen 100 ETF (QQQJ).

What is Formula One Group's stock symbol?: Formula One Group trades on the NASDAQ under the ticker symbol "FWONK."
How do I buy shares of Formula One Group?: Shares of FWONK 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 FWONK stock can currently be purchased for approximately $62.30.
How much money does Formula One Group make?: Formula One Group (NASDAQ:FWONK) has a market capitalization of $14.61 billion.
How many employees does Formula One Group have?: The company 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 the company is www.libertymedia.com. The company can be reached via phone at (720) 875-5400.

This page (NASDAQ:FWONK) was last updated on 9/30/2023 by MarketBeat.com Staff

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