NASDAQ:FWONK

Formula One Group - FWONK Stock Forecast, Price & News

$71.82

+0.12 (+0.17%)

(As of 02/3/2023 12:00 AM ET)

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Today's Range: $71.00
▼
$72.28
50-Day Range: $58.04
▼
$71.82
52-Week Range: $50.00
▼
$72.28

Volume: 954,166 shs
Average Volume: 890,923 shs
Market Capitalization: $16.79 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $70.60

Institutional Ownership

Formula One Group MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 1.7% Downside
$70.60 Price Target
Short Interest: Bearish
3.67% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.34
Based on 4 Articles This Week
Insider Trading: Selling Shares
$1.29 M Sold Last Quarter
Proj. Earnings Growth: -11.49%
From $0.87 to $0.77 Per Share

Overall MarketRank^™

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

1.42 out of 5 stars

Consumer Discretionary Sector

248th out of 268 stocks

Television Broadcasting Stations Industry

13th out of 13 stocks

1.3

Analyst's Opinion

Consensus Rating
Formula One Group has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, no hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $70.60, Formula One Group has a forecasted downside of 1.7% from its current price of $71.82.
Amount of Analyst Coverage
Formula One Group has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.67% 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 7.1.
Change versus previous month
Short interest in Formula One Group has recently increased by 0.14%, indicating that investor sentiment is decreasing.

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.

2.4

News and Social Media Coverage

News Sentiment
Formula One Group has a news sentiment score of 0.34. 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 lower news sentiment than the 0.49 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Formula One Group this week, compared to 1 article on an average week.
Search Interest
8 people have searched for FWONK on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Formula One Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Formula One Group insiders have sold 381.62% more of their company's stock than they have bought. Specifically, they have bought $267,200.00 in company stock and sold $1,286,900.00 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
87.86% 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.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Formula One Group are expected to decrease by -11.49% in the coming year, from $0.87 to $0.77 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Formula One Group is -552.46, 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 -552.46, 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 0.91. 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

About Formula One Group (NASDAQ:FWONK) Stock

Liberty Media Corp. engages in the operation of media, communications, and entertainment businesses. It operates through the following segments: Sirius XM Holdings, Formula 1. The Sirius XM Holdings segment refers to the complementary audio entertainment businesses, Sirius XM and Pandora. Sirius XM features music, sports, entertainment, comedy, talk, news, traffic, weather channels, and infotainment services. Pandora provides music, comedy, and a podcast streaming discovery platform. The Formula 1 segment focuses on the global motorsports business that holds exclusive commercial rights with respect to the World Championship, an annual, motor race-based competition. The company was founded on March 28, 1991, and is headquartered in Englewood, CO.

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FWONK Stock News Headlines

February 3, 2023 | americanbankingnews.com

Formula One Group (NASDAQ:FWONK) Sets New 1-Year High at $71.44

February 2, 2023 | msn.com

What is included on the FIA list of requirements for new Formula 1 entrants?

February 3, 2023 | Wall Street Watch Dogs (Ad)

“Future Fuel” will unleash $11 trillion wave of wealth

The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…

February 1, 2023 | msn.com

This Favorable Sign Appears On Liberty Formula One Group's Chart

February 1, 2023 | msn.com

How Driver’s Eye camera became a Formula 1 TV gamechanger

January 18, 2023 | finance.yahoo.com

Are You Looking for a Top Momentum Pick? Why Liberty Media (FWONK) is a Great Choice

January 3, 2023 | msn.com

FIA to explore expansion in Formula 1

January 1, 2023 | msn.com

10 Facts You Didn't Know About The Legendary McLaren F1

February 3, 2023 | Wall Street Watch Dogs (Ad)

A gold storm is coming…

“We are in the early stages of a mania – the calm before the storm.”...

December 27, 2022 | msn.com

Infant formula shortage returns; exchange program seeks to distribute donated formula

December 23, 2022 | reuters.com

Female fans will fuel Formula One in 2023

December 3, 2022 | forbes.com

Lessons In Leadership From Formula 1 Williams Racing CEO Jost Capito

December 2, 2022 | msn.com

F1 Cancels 2023 Chinese Grand Prix

November 23, 2022 | finance.yahoo.com

Liberty Media Corporation Announces Closing of Refinancing of Formula 1 First Lien Term Loan B and Revolving Credit Facility and Incurrence of New First Lien Term Loan A

November 14, 2022 | reuters.com

Tears flow as Russell arrives as Formula One GP winner

November 8, 2022 | markets.businessinsider.com

Pivotal Research Reaffirms Their Buy Rating on Liberty Media Liberty Formula One (FWONK)

November 7, 2022 | bloomberg.com

Formula One Sponsorships From Crypto Firms Dwindle With Downturn

November 3, 2022 | msn.com

Earnings Preview: Liberty Formula One Group

October 26, 2022 | msn.com

Audi to team up with Sauber for 2026 Formula One entry

October 26, 2022 | msn.com

This Foreboding Sign Looms Over Liberty Formula One Group's Chart

October 21, 2022 | forbes.com

For 1978 Formula One World Champion And 1969 Indianapolis 500 Winner, It’s Great To Be Mario Andretti

October 20, 2022 | msn.com

Whether you're headed to Formula One or not, watch out for these traffic changes

October 20, 2022 | msn.com

FIA: Porsche's Formula 1 entry plans not dead

October 13, 2022 | msn.com

Formula E: Qualifying format, Jakarta, and title battle behind viewing figure increase

October 5, 2022 | msn.com

Free Formula 1 Las Vegas fan event to feature mock track, demo runs

September 29, 2022 | msn.com

Pump up the bass: The best Formula One 2022 Singapore parties happening this weekend

September 18, 2022 | msn.com

Formula 1 dream ‘isn’t over’ for Colton Herta after move falls through

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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FWONK Company Calendar

Last Earnings: 2/25/2021
Today: 2/03/2023
Next Earnings (Confirmed): 3/01/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Television broadcasting stations
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: $70.60
High Stock Price Forecast: $77.00
Low Stock Price Forecast: $56.00
Forecasted Upside/Downside: -1.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.13)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 82.55
P/E Growth: N/A
Net Income: $398 million
Net Margins: 1.34%
Pretax Margin: 61.21%
Return on Equity: 0.19%
Return on Assets: 0.08%

Debt

Debt-to-Equity Ratio: 0.92
Current Ratio: 0.95
Quick Ratio: 0.95

Sales & Book Value

Annual Sales: $2.14 billion
Price / Sales: 7.86
Cash Flow: $3.87 per share
Price / Cash Flow: 18.58
Book Value: $79.02 per share
Price / Book: 0.91

Miscellaneous

Outstanding Shares: 233,820,000
Free Float: 223,744,000
Market Cap: $16.79 billion
Optionable: Optionable
Beta: 1.11

Key Executives

Gregory Ben Maffei
President, Chief Executive Officer & Director

Brian J. Wendling
Chief Financial & Accounting Officer

Ben Oren
Treasurer & Senior Vice President

Craig Edward Troyer
Vice President

Wade Haufschild
Vice President

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?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Formula One Group in the last year. There are currently 1 sell rating and 3 buy ratings for the stock. The consensus among Wall Street equities research 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?: 4 analysts have issued 12-month price objectives for Formula One Group's shares. Their FWONK share price forecasts range from $56.00 to $77.00. On average, they expect the company's stock price to reach $70.60 in the next year. This suggests that the stock has a possible downside of 1.9%.
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 start of the year. Since then, FWONK shares have increased by 20.4% and is now trading at $71.98.
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 Wednesday, March 1st 2023.
View our FWONK earnings forecast.
How can I listen to Formula One Group's earnings call?: Formula One Group will be holding an earnings conference call on Wednesday, March 1st 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) released its quarterly earnings results on Thursday, February, 25th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.25. The business had revenue of $485 million for the quarter, compared to the consensus estimate of $664.58 million. Formula One Group had a trailing twelve-month return on equity of 0.19% and a net margin of 1.34%.

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 a variety of institutional and retail investors. Top institutional shareholders include New York State Common Retirement Fund (0.23%), Sumitomo Mitsui Trust Holdings Inc. (0.22%), Hahn Capital Management LLC (0.05%), Norman Fields Gottscho Capital Management LLC (0.04%), Janney Montgomery Scott LLC (0.01%) and Oregon Public Employees Retirement Fund (0.00%). Insiders that own company stock include Andrea L Wong, Brian J Wendling, Gamco Investors, Inc Et Al and Malcolm Ian Grant Gilchrist.
View institutional ownership trends.
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 $71.98.
How much money does Formula One Group make?: Formula One Group (NASDAQ:FWONK) has a market capitalization of $16.83 billion and generates $2.14 billion in revenue each year. The company earns $398 million in net income (profit) each year or ($0.13) on an earnings per share basis.
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 2/3/2023 by MarketBeat.com Staff

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Formula One Group - FWONK Stock Forecast, Price & News

Formula One Group MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Formula One Group (NASDAQ:FWONK) Stock

FWONK Stock News Headlines

FWONK Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

FWONK Stock - Frequently Asked Questions

Overall MarketRank^™