FWONK Company Profile and Key Details

Formula One Group has 223.63 million shares outstanding. The public float is 239.43 million shares, elevated short interest at 2.84% of float. This equals 6.27 million shares. The short ratio is 6.62 days. Institutional investors hold 103.94% of the float. Insiders own 4.11%. BERKSHIRE HATHAWAY INC holds 46.47 million shares, WESCHLER, R. TED has 20.21 million shares and Ancient Art, L.P. has 2.54 million shares. Over the past six months, insider transactions show net selling. They sold 534.56 thousand shares across 6 transactions.

FWONK has shown mixed momentum, losing -1.55% over the past week and -9.88% over the past quarter, though year-to-date performance is down -9.48%. Short-term trend indicators are bullishly aligned (SMA20 -0.4%, SMA50 -4.68%, SMA200 -11.25%). The stock’s 14-day RSI is 44.53 (neutral), while the ATR of 2.67 points to higher daily volatility. The stock remains sitting in the mid-range of its 52-week band, trading -20.87% below its high and over 14.99% above its low. Average 10-day trading volume of 1.84 million shares is below the 3-month average of 2.12 million, indicating normal recent market interest.

Formula One Group last paid a dividend of 0 per share, Dividend and splits history remains an important factor for investors monitoring long-term returns. A discounted cash flow model estimates fair value at around $102.44. This means the shares are trading below this model’s fair value.

Formula One Group (NASDAQ:FWONK) closed at $90.47 USD, losing -$0.30 (-0.33%) from the previous close of $90.77. The stock is currently mid-range between its 52-week high and low $79.95 and $109.36. With a market capitalization of about $22.66 billion, Formula One Group is classified as a large-cap and shows lower-than-market volatility (beta ~0.74). Key stats such as the average daily volume over the past year has been around 2.16 million shares, volume is running light vs its 52-week average. Headquartered in Englewood, CO, Formula One Group operates in the Communication Services sector and the Entertainment industry. Led by CEO Stefano Domenicali, the company employs approximately 6,486 people and listed since July 08, 2014. Formula One Group engages in the motorsports business in the United States and internationally.

Formula One Group trades at a P/E ratio of 40.77, slightly above the S&P 500 average, with a price-to-sales ratio of 5.06 and a price-to-book ratio of 2.92 suggesting the stock is closer to book value. The P/FCF stands at 30.59, also above market averages.

Formula One Group (NASDAQ:FWONK) shares are flat -9.48% year-to-date currently trading near 52-week highs band. Short-term momentum has been negative over the last quarter, despite recent volatility. Valuation shows Formula One Group trading at a premium to the broader market with a P/E of 40.77. Analyst sentiment is mixed, with the majority of ratings in Neutral territory and a mean price target of $93.49, suggesting 3.0% upside.

Our AI price prediction model suggests that Formula One Group stock has strong potential for upside but may face short-term weakness followed by gains in the medium and long term. 2-Week Outlook: Projected decline of -29.71%, with price expected at $63.80 by November 24, 2023, within a range of $61.94 to $65.63