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

Company Overview

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.

Key Stats

• Today's Range: $76.98 to $79.29
• 50-Day Range: $73.35 to $81.36
• 52-Week Range: $60.95 to $82.23
• Volume: 1.58 million shs
• Average Volume: 1.20 million shs
• Market Capitalization: $18.27 billion
• P/E Ratio: 56.74
• Dividend Yield: N/A
• Price Target: $85.00
• Consensus Rating: Moderate Buy

Formula One Group Stock Analysis - MarketRank™

Formula One Group scored higher than 36% of companies evaluated by MarketBeat, and ranked 219th out of 292 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Formula One Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Formula One Group has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 32.65%

Earnings Growth

Earnings for Formula One Group are expected to grow by 32.65% in the coming year, from $0.98 to $1.30 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Formula One Group is 56.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.38.

Price to Earnings Ratio vs. Sector

The P/E ratio of Formula One Group is 56.74, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 14.29.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.05% of the outstanding shares of Formula One Group have been sold short.

Short Interest Ratio / Days to Cover

Formula One Group has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Formula One Group has recently increased by 10.32%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

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.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.05% of the outstanding shares of Formula One Group have been sold short.

Short Interest Ratio / Days to Cover

Formula One Group has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Formula One Group has recently increased by 10.32%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.50

News Sentiment

Formula One Group has a news sentiment score of 0.50. 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 5 news articles for Formula One Group this week, compared to 2 articles on an average week.

MarketBeat Follows

Only 1 people have added Formula One Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Formula One Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 4.31% of the stock of Formula One Group is held by insiders.

Percentage Held by Institutions

92.26% 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.

FWONK Stock Analysis - Frequently Asked Questions

How have FWONK shares performed this year?

Formula One Group's stock was trading at $63.13 on January 1st, 2024. Since then, FWONK shares have increased by 23.1% and is now trading at $77.73.
View the best growth stocks for 2024 here.

How were Formula One Group's earnings last quarter?

Formula One Group (NASDAQ:FWONK) issued its quarterly earnings results on Thursday, August, 8th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.32 by $0.22. The firm earned $853 million during the quarter, compared to analysts' expectations of $960.45 million.

Who are Formula One Group's major shareholders?

Formula One Group's top institutional investors include Greenwood Gearhart Inc. (0.07%), Hahn Capital Management LLC (0.03%), Public Employees Retirement Association of Colorado (0.01%) and Beach Investment Counsel Inc. PA. Insiders that own company stock include Berkshire Hathaway Inc, John C Malone, Albert E Rosenthaler, Andrea L Wong, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 8/08/2024
• Today: 9/23/2024
• Next Earnings (Estimated): 11/01/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: N/A
• Sub-Industry: Communication
• Current Symbol: NASDAQ:FWONK
• CUSIP: N/A
• CIK: 1560385
• Web: www.libertymedia.com
• Phone: (720) 875-5400
• Fax: N/A
• Employees: 6,800
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $85.00
• High Stock Price Target: $90.00
• Low Stock Price Target: $80.00
• Potential Upside/Downside: +9.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: 56.74
• Forward P/E Ratio: 79.32
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $3.69 billion
• Price / Sales: 4.95
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 235,033,000
• Free Float: 224,903,000
• Market Cap: $18.27 billion
• Optionable: Optionable
• Beta: N/A