The shares of Formula One Group (NASDAQ:FWONK) are trading at $25.25 after going up by $1.37. This increase in stock price represents a 37.9% rise from its 52-week low price of $18.31 which was attained back on March 17, earlier this year. But the price still lags -93.86% behind the highest price mark of $48.95 attained on 2020-01-22. FWONK has been performing well over the past few days, with its price climbing by 21.98% during that time frame. The same can’t be said for its performance over the past 90 days as it dropped by roughly -44.91% while it’s overall lost so far this year stands at -26.71%. Looking further than that, its shares have gone down by just -45.07% this year to date. Over the next one year, Formula One Group shares are expected to reach $47.2, which means that it is expected to rise by 86.93% from its current position.
Out of 6 Wall Street analysts, 5 (83.33%) of them have rated FWONK as a Buy. The remaining 1 brokerage firms which represent 16.67% that recommend investors to Hold while it wasn’t rated as a Sell by any analyst. Formula One Group shares held by institutional investors have dropped by 94.99% over the past three months. During that same time, 54 institutions invested in the stock, while 153 added the shares to their existing portfolios. 132 institutional investors reduced their shares in the compnay with only 26 selling their total positions.
The trading volume of FWONK, when compared with its 50-day average volume of 1,832,312, has gone up by 66.99% after additional 3,059,837 shares were sold. The price of the stock is -15.88% below its 20-day SMA, which means that it is currently in a bearish trend. In addition to that, it is also -37.15% below its 50-day SMA, and -38.52% below its 200-day SMA. At the moment, Formula One Group’s ROE stands around 0% and market experts are of the view that the company’s earnings per share growth will stand at roughly 0% annually till 2023. If that happens, then it would be off by just 0% when compared to the previous five years.
The stock is expected to encounter its first resistance point at $26.92, which is just 6.2% above its current position while the next resistance stands at $28.6, 11.71% from its current price. If FWONK fails to break the immediate resistance, then it is in danger of seeing its price drop to $21.9. The stock’s 14-day MACD is -2.15, which means that it is currently in a downward trading trend. Its two weeks RSI meanwhile stands at 37.58, indicating that the stock has been neutral while its 20-day historical volatility reads 156.71%, which is higher than its 50-day equivalent (103.21%).
Fox Corporation has seen its stock (NASDAQ:FOX) climbed by 7.81% over the past few days and is now trading around at $23.34 on the Wall Street in the intra-day deal. During that period, roughly 3. Million FOX shares were traded on NASDAQ. The 90-days average daily trading volume of the stock has been around 2.1 Million but 919.5 Thousand extra shares were traded on that day. FOX has gone up by 22.01% from its 52-week low of $19.13 (recorded on March 23, 2020) and is now trading at $23.34 per share. The last time FOX recorded a 52-week high was back in April 29, 2019, with a single stock trading at $38.91 back then.
Over the past one month, the stock hasn’t performed well as it dropped by -28.91% during that period. This led to its price decrease to stand at -35.88% since the start of the year. The situation still not remains the same when its performance over the past few days was reviewed as it gained 9.01% of its value in the past week. This recent development has seen its 12-month potential target price placed at $51.5, which means that it is expected to increase by 120.65% from its current price.
The company has been making use of ROE that stands around 0%, with market experts of the view that their EPS over the next five years will likely rise by 9.2% annually. This will be a drop from the 0% growth achieved over the past five years. At the moment, FOX is on a bearish trend, down -12.06% from its SMA20, -28.54% below its SMA50, and -31.11% below its SMA200. FOX shares held by institutional investors have jumped by 56.89% over the past three months. A total of 73 institutional investors entered new positions while 197 added to their existing portfolio. 159 hedge funds lowered their positions in the stock with only 48 selling their shares entirely.
FOX’s 9-day MACD currently stands at -0.68, which means that the price is on a downward trend. The stock’s 9-day RSI score reads 41.74, signaling that the stock is neutral. Its 20-day historical volatility currently stands at 96.78% and is on the upside when compared with its 50-day historical volatility which is 60.22%. A look at FOX’s daily chart reveals that its first resistance point stands at $24.83, a 6% rise from its current position, while the second resistance point is 11.36% ($26.33) ahead of its current position. If the share fails to break the immediate resistances, it could drop down to $19.77.