NASDAQ:FWONK

Formula One Group Stock Forecast, Price & News

$46.85

-0.43 (-0.91 %)

(As of 08/3/2021 12:00 AM ET)

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Today's Range

$46.12

▼

$47.34

50-Day Range

$43.85

▼

$50.10

52-Week Range

$33.74

▼

$50.37

Volume955,287 shs

Average Volume890,365 shs

Market Capitalization$10.86 billion

P/E RatioN/A

Dividend YieldN/A

Beta1.27

30 days | 90 days | 365 days | Advanced Chart

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About Formula One Group

Formula One Group engages in the motorsports business. 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.

Liberty Media (FWONK) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
July 30, 2021 | finance.yahoo.com

Formula One Group (FWONK) to Release Quarterly Earnings on Friday
July 30, 2021 | americanbankingnews.com

Formula One Group (NASDAQ:FWONK) Price Target Raised to $50.00
July 28, 2021 | americanbankingnews.com

Interesting FWONK Put And Call Options For September 17th
July 18, 2021 | nasdaq.com

Formula One Group (NASDAQ:FWONK) Coverage Initiated by Analysts at The Goldman Sachs Group
July 15, 2021 | americanbankingnews.com

September 17th Options Now Available For Sony Group
July 15, 2021 | nasdaq.com

Stuck switch cost Mortara full-power lap in New York Formula E qualifying
July 10, 2021 | msn.com

Formula One driver Sebastian Vettel lashes out at UEFA over 'rainbow' protest refusal
June 24, 2021 | msn.com

Formula One Group: Formula One Looks to Set to Rebound Above 2019 Levels; Raising FVE to $37
March 30, 2021 | finance.yahoo.com

Is Formula One (FWONK) Stock A Buy or Sell?
March 29, 2021 | finance.yahoo.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Television broadcasting stations
Sub-IndustryN/A
SectorConsumer Discretionary
Current SymbolNASDAQ:FWONK
Previous Symbol
CUSIPN/A
CIK1560385
Webwww.libertymedia.com
Phone720-875-5400
EmployeesN/A
Year FoundedN/A

Sales & Book Value

Annual Sales$1.15 billion
Price / Sales9.49
Cash Flow$2.10 per share
Price / Cash Flow22.34
Book Value$84.55 per share
Price / Book0.55

Profitability

EPS (Most Recent Fiscal Year)($2.57)
Net Income$-1,421,000,000.00
Net Margins-23.25%
Return on Equity-1.46%
Return on Assets-0.67%

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares231,856,000
Market Cap$10.86 billion
Next Earnings Date8/6/2021 (Confirmed)
OptionableOptionable

MarketRank^™

Overall MarketRank^™

1.67 out of 5 stars

Consumer Discretionary Sector

252nd out of 371 stocks

Television Broadcasting Stations Industry

13th out of 20 stocks

1.2 Analyst's Opinion

Consensus Rating
Formula One Group has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 3 buy ratings, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $47.00, Formula One Group has a forecasted upside of 0.3% from its current price of $46.85.
Amount of Analyst Coverage
Formula One Group has only been the subject of 3 research reports in the past 90 days.

4.3 Community Rank

Outperform Votes
Formula One Group has received 203 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Formula One Group has received 110 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Formula One Group has received 64.86% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Formula One Group and other stocks. Vote “Outperform” if you believe FWONK will outperform the S&P 500 over the long term. Vote “Underperform” if you believe FWONK will underperform the S&P 500 over the long term. You may vote once every thirty days.

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.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Formula One Group insiders have not sold or bought any company stock.
Percentage Held by Institutions
84.59% of the stock of Formula One Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Formula One Group are expected to grow in the coming year, from ($0.35) to $0.12 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Formula One Group is -36.32, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Formula One Group is -36.32, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Formula One Group has a P/B Ratio of 0.55. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Formula One Group (NASDAQ:FWONK) Frequently Asked Questions

Is Formula One Group a buy right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Formula One Group in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Formula One Group stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FWONK, but not buy additional shares or sell existing shares.
View analyst ratings for Formula One Group or view top-rated stocks.

What stocks does MarketBeat like better than Formula One Group?

Wall Street analysts have given Formula One Group a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Formula One Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Formula One Group's next earnings date?

Formula One Group is scheduled to release its next quarterly earnings announcement on Friday, August 6th 2021.
View our earnings forecast for Formula One Group.

How can I listen to Formula One Group's earnings call?

Formula One Group will be holding an earnings conference call on Friday, August 6th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Formula One Group's earnings last quarter?

Formula One Group (NASDAQ:FWONK) posted its earnings results on Friday, May, 7th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.14. The business earned $180 million during the quarter, compared to the consensus estimate of $136.93 million. Formula One Group had a negative net margin of 23.25% and a negative trailing twelve-month return on equity of 1.46%.
View Formula One Group's earnings history.

How has Formula One Group's stock been impacted by Coronavirus (COVID-19)?

Formula One Group's stock was trading at $28.61 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, FWONK stock has increased by 63.8% and is now trading at $46.85.
View which stocks have been most impacted by COVID-19.

What price target have analysts set for FWONK?

6 Wall Street analysts have issued 1 year price objectives for Formula One Group's shares. Their forecasts range from $38.00 to $53.00. On average, they expect Formula One Group's stock price to reach $47.00 in the next twelve months. This suggests a possible upside of 0.3% from the stock's current price.
View analysts' price targets for Formula One Group or view top-rated stocks among Wall Street analysts.

Who are Formula One Group's key executives?

Formula One Group's management team includes the following people:

Mr. Charles Carey, Chief Exec. Officer (Age 68)

Who are some of Formula One Group's key competitors?

Some companies that are related to Formula One Group include ViacomCBS (VIACA), ViacomCBS (VIAC), FOX (FOXA), FOX (FOX), Formula One Group (FWONB), Formula One Group (FWONA), Grupo Televisa, S.A.B. (TV), Nexstar Media Group (NXST), ProSiebenSat.1 Media (PBSFY), TEGNA (TGNA), Sinclair Broadcast Group (SBGI), Gray Television (GTN), Télévision Française 1 Société anonyme (TVFCF), Gray Television (GTN.A) and The E.W. Scripps (SSP).
View all of FWONK's competitors.

What is Formula One Group's stock symbol?

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

Who are Formula One Group's major shareholders?

Formula One Group's stock is owned by many different retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.36%), New York State Common Retirement Fund (0.10%) and Arizona State Retirement System (0.02%).

Which institutional investors are selling Formula One Group stock?

FWONK stock was sold by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Arizona State Retirement System, and New York State Common Retirement Fund.

How do I buy shares of Formula One Group?

Shares of FWONK 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 $46.85.

How much money does Formula One Group make?

Formula One Group has a market capitalization of $10.86 billion and generates $1.15 billion in revenue each year. The company earns $-1,421,000,000.00 in net income (profit) each year or ($2.57) on an earnings per share basis.

What is Formula One Group's official website?

The official website for Formula One Group is www.libertymedia.com.

Where are Formula One Group's headquarters?

Formula One Group is headquartered at 12300 Liberty Boulevard, Englewood CO, 80112.

How can I contact Formula One Group?

Formula One Group's mailing address is 12300 Liberty Boulevard, Englewood CO, 80112. The company can be reached via phone at 720-875-5400.

This page was last updated on 8/3/2021 by MarketBeat.com Staff

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