NASDAQ:FWONK

Formula One Group - FWONK Stock Forecast, Price & News

$58.00

+0.09 (+0.16%)

(As of 09/26/2022 12:00 AM ET)

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Today's Range: $57.71
▼
$59.06
50-Day Range: $57.91
▼
$69.88
52-Week Range: $50.50
▼
$71.17

Volume: 680,719 shs
Average Volume: 1.00 million shs
Market Capitalization: $13.51 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $73.20

Formula One Group MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 26.2% Upside
$73.20 Price Target
Short Interest: Healthy
5.37% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.56
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
$123,976 Bought Last Quarter
Proj. Earnings Growth: 71.05%
From $0.38 to $0.65 Per Share

Overall MarketRank^™

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

2.62 out of 5 stars

Consumer Discretionary Sector

97th out of 274 stocks

Television Broadcasting Stations Industry

6th out of 14 stocks

3.3

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 $73.20, Formula One Group has a forecasted upside of 26.2% from its current price of $58.00.
Amount of Analyst Coverage
Formula One Group has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
5.37% 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 9.9.
Change versus previous month
Short interest in Formula One Group has recently decreased by 14.12%, indicating that investor sentiment is improving significantly.

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.

2.5

News and Social Media Coverage

News Sentiment
Formula One Group has a news sentiment score of 0.56. 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 news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Formula One Group this week, compared to 1 article on an average week.
Search Interest
2 people have searched for FWONK on MarketBeat in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Formula One Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $123,976.00 in company stock and sold $0.00 in company stock.
Percentage Held by Institutions
90.36% 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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Formula One Group are expected to grow by 71.05% in the coming year, from $0.38 to $0.65 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Formula One Group is -87.88, 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 -87.88, 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 0.73. 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

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.

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FWONK Stock News Headlines

September 18, 2022 | msn.com

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

September 18, 2022 | msn.com

Ferrari should ‘look outside Formula 1’ if they decide to replace Mattia Binotto

September 16, 2022 | msn.com

The 10 Worst Formula 1 Teams of All Time

September 9, 2022 | msn.com

Porsche makes massive call on Formula 1 plans

September 5, 2022 | seekingalpha.com

Formula One Group: Ready To Overtake The Competition

August 31, 2022 | finance.yahoo.com

Formula One Group (FWONK)

August 25, 2022 | msn.com

Formula One’s forgotten gay pioneer

August 10, 2022 | markets.businessinsider.com

Formula One Group Adds 3% After Announcing Private Placement Of Sr. Notes

August 10, 2022 | finance.yahoo.com

Formula One Group Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

August 10, 2022 | finance.yahoo.com

Liberty Media Corporation Prices Upsized Private Offering of $425 Million of 2.25% Convertible Senior Notes Due 2027

August 8, 2022 | finance.yahoo.com

Formula One Group: Formula One Posts Mixed Q2; Boost From Return of Fans Will Continue to Drive Top-line Growth

August 5, 2022 | seekingalpha.com

Formula One Group (FWONA) CEO Stefano Domenicali on Q2 2022 Results - Earnings Call Transcript

August 5, 2022 | finance.yahoo.com

Liberty Media Corporation Reports Second Quarter 2022 Financial Results

August 4, 2022 | msn.com

Liberty Formula One Group's Earnings: A Preview

August 1, 2022 | finance.yahoo.com

7 Warren Buffet Stocks to Buy and Hold for the Next Decade

July 19, 2022 | finance.yahoo.com

NASCAR adding Chicago street race as it competes with Formula 1 for fans

July 17, 2022 | morningstar.com

Liberty Formula One Group C - Stock Financials FWONK

July 7, 2022 | finance.yahoo.com

NASCAR closer to adding Chicago street race as it competes with Formula 1 for fans

June 21, 2022 | finance.yahoo.com

FWONK Jun 2022 70.000 call

June 15, 2022 | markets.businessinsider.com

Where Liberty Formula One Group Stands With Analysts

June 9, 2022 | msn.com

ICYMI: How One Part Of Max Verstappen's Contract Could Change Formula 1 Forever

June 9, 2022 | seekingalpha.com

Formula One Group: Great Cash Generator, But Hard To See Where It Goes

May 26, 2022 | nasdaq.com

F1 Stock Was Surging — Should You Invest?

May 23, 2022 | nasdaq.com

Comparing XRP Versus Liberty Formula One Group Reveals New High

May 16, 2022 | seekingalpha.com

Eminence Capital exits Peloton, Cano Health, Radius Global in Q1

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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FWONK Company Calendar

Last Earnings: 8/05/2022
Today: 9/27/2022
Next Earnings (Estimated): 11/03/2022
Fiscal Year End: 12/31/2022

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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: $73.20
High Stock Price Forecast: $81.00
Low Stock Price Forecast: $56.00
Forecasted Upside/Downside: +26.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.66)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 152.63
P/E Growth: N/A
Net Income: $398 million
Net Margins: -4.81%
Pretax Margin: 62.68%
Return on Equity: -0.67%
Return on Assets: -0.28%

Debt

Debt-to-Equity Ratio: 0.92
Current Ratio: 0.88
Quick Ratio: 0.88

Sales & Book Value

Annual Sales: $2.14 billion
Price / Sales: 6.32
Cash Flow: $3.82 per share
Price / Cash Flow: 15.17
Book Value: $79.02 per share
Price / Book: 0.73

Miscellaneous

Outstanding Shares: 232,880,000
Free Float: N/A
Market Cap: $13.51 billion
Optionable: Optionable
Beta: 1.15

Key Executives

Mr. Stefano Domenicali (Age 57)
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?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Formula One Group in the last twelve months. There are currently 1 sell rating and 3 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 2022?: 4 brokers have issued 1-year target prices for Formula One Group's shares. Their FWONK share price forecasts range from $56.00 to $81.00. On average, they predict the company's share price to reach $73.20 in the next twelve months. This suggests a possible upside of 26.2% 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 2022?: Formula One Group's stock was trading at $63.24 at the start of the year. Since then, FWONK shares have decreased by 8.3% and is now trading at $58.00.
View the best growth stocks for 2022 here.
When is Formula One Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our FWONK earnings forecast.
How were Formula One Group's earnings last quarter?: Formula One Group (NASDAQ:FWONK) announced its quarterly earnings results on Friday, August, 5th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.15 by $0.20. The business had revenue of $744 million for the quarter, compared to the consensus estimate of $685.34 million. Formula One Group had a negative net margin of 4.81% and a negative trailing twelve-month return on equity of 0.67%.

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 retail and institutional investors. Top institutional investors include Driehaus Capital Management LLC (0.33%), UBS Asset Management Americas Inc. (0.24%), Sumitomo Mitsui Trust Holdings Inc. (0.23%), Greenwood Gearhart Inc. (0.07%), Hahn Capital Management LLC (0.06%) and S&CO Inc. (0.05%).
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 $58.00.
How much money does Formula One Group make?: Formula One Group (NASDAQ:FWONK) has a market capitalization of $13.51 billion and generates $2.14 billion in revenue each year. The company earns $398 million in net income (profit) each year or ($0.66) 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 9/27/2022 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