NASDAQ:FWONK

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

$69.17
+0.30 (+0.44%)
(As of 10:18 AM ET)
Today's Range
$68.99
$69.75
50-Day Range
$65.54
$73.30
52-Week Range
$60.95
$78.58
Volume
45,591 shs
Average Volume
1.07 million shs
Market Capitalization
$14.40 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$82.67

Formula One Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
20.0% Upside
$82.67 Price Target
Short Interest
Healthy
1.80% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.08mentions of Formula One Group in the last 14 days
Based on 5 Articles This Week
Insider Trading
Acquiring Shares
$207.51 M Bought Last Quarter
Proj. Earnings Growth
48.96%
From $0.96 to $1.43 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.26 out of 5 stars

Consumer Discretionary Sector

127th out of 269 stocks

FWONK stock logo

About Formula One Group Stock (NASDAQ:FWONK)

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One 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. It is also involved in the operation of the Formula 1 Paddock Club hospitality program; and provision of freight, logistical, and travel related services for the teams and other third parties, as well as the F2 and F3 race series. The company was founded in 1950 and is based in Englewood, Colorado. Formula One Group operates as a subsidiary of Liberty Media Corporation.

FWONK Stock Price History

FWONK Stock News Headlines

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Formula One’s growing pains
FWONK May 2024 50.000 put
FWONK Mar 2024 90.000 call
FWONK Mar 2024 70.000 put
FWONK Mar 2024 50.000 call
FWONK Feb 2024 55.000 call
FWONK Feb 2024 80.000 put
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
4/23/2024
Next Earnings (Confirmed)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
N/A
Sub-Industry
N/A
Current Symbol
NASDAQ:FWONK
Fax
N/A
Employees
7,047
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$82.67
High Stock Price Target
$92.00
Low Stock Price Target
$70.00
Potential Upside/Downside
+19.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
3 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$3.22 billion

Miscellaneous

Free Float
N/A
Market Cap
$14.40 billion
Optionable
Optionable
Beta
N/A
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FWONK Stock Analysis - Frequently Asked Questions

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

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Formula One Group in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" FWONK shares.
View FWONK analyst ratings
or view top-rated stocks.

What is Formula One Group's stock price target for 2024?

3 Wall Street research analysts have issued 1 year price targets for Formula One Group's stock. Their FWONK share price targets range from $70.00 to $92.00. On average, they predict the company's stock price to reach $82.67 in the next twelve months. This suggests a possible upside of 20.0% 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 2024?

Formula One Group's stock was trading at $63.13 on January 1st, 2024. Since then, FWONK stock has increased by 9.1% and is now trading at $68.87.
View the best growth stocks for 2024 here
.

Are investors shorting Formula One Group?

Formula One Group saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 3,630,000 shares, a drop of 9.7% from the March 15th total of 4,020,000 shares. Based on an average daily trading volume, of 1,110,000 shares, the short-interest ratio is presently 3.3 days. Approximately 1.8% of the company's stock are sold short.
View Formula One Group's Short Interest
.

When is Formula One Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
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, May 8th 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) announced its earnings results on Wednesday, February, 28th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.31 by $0.06. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.25 billion.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:FWONK) was last updated on 4/23/2024 by MarketBeat.com Staff

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