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

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Formula One Group in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research 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?

4 brokerages have issued 12-month target prices for Formula One Group's shares. Their FWONK share price targets range from $70.00 to $92.00. On average, they anticipate the company's share price to reach $82.67 in the next twelve months. This suggests a possible upside of 23.0% 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 at the beginning of 2024. Since then, FWONK stock has increased by 6.5% and is now trading at $67.21. View the best growth stocks for 2024 here .

Are investors shorting Formula One Group?

Formula One Group saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 3,630,000 shares, a decrease 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 shares are short sold. 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) released its quarterly earnings results on Wednesday, February, 28th. The company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.31 by $0.06. The firm earned $1.23 billion during the quarter, compared to the consensus estimate of $1.25 billion.

What ETFs hold Formula One Group's stock?

ETFs with the largest weight of Formula One Group (NASDAQ:FWONK) stock in their portfolio include Cambiar Aggressive Value ETF (CAMX) , Invesco Leisure and Entertainment ETF (PEJ) , Corbett Road Tactical Opportunity ETFNew (OPPX) , VictoryShares Nasdaq Next 50 ETF (QQQN) , Nuveen ESG Mid-Cap Growth ETF (NUMG) , BNY Mellon Innovators ETF (BKIV) , First Trust US Equity Opportunities ETF (FPX) and Invesco NASDAQ Next Gen 100 ETF (QQQJ) .

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 .

NASDAQ:FWONK

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

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$67.21

-0.07 (-0.10%)

(As of 04/18/2024 ET)

Compare

Today's Range: $66.97
▼
$68.00
50-Day Range: $65.54
▼
$73.30
52-Week Range: $60.95
▼
$78.58

Volume: 595,158 shs
Average Volume: 1.09 million shs
Market Capitalization: $14.00 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $82.67

Get Formula One Group alerts:

Formula One Group MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 23.0% Upside
$82.67 Price Target
Short Interest: Healthy
1.80% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.17
Based on 13 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.

3.37 out of 5 stars

Consumer Discretionary Sector

120th out of 250 stocks

2.4

Analyst's Opinion

Consensus Rating
Formula One Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Formula One Group has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.80% 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 3.3, 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 decreased by 9.70%, 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.

3.4

News and Social Media Coverage

News Sentiment
Formula One Group has a news sentiment score of 1.17. 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 is a higher news sentiment than the 0.52 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 13 news articles for Formula One Group this week, compared to 2 articles on an average week.
MarketBeat Follows
6 people have added Formula One Group to their MarketBeat watchlist in the last 30 days. This is an increase of 20% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Formula One Group insiders have bought 5,926,975.81% more of their company's stock than they have sold. Specifically, they have bought $207,506,924.00 in company stock and sold $3,501.00 in 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.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Formula One Group are expected to grow by 48.96% in the coming year, from $0.96 to $1.43 per share.

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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

30 days | 90 days | 365 days | Advanced Chart

FWONK Stock News Headlines

April 13, 2024 | insidertrades.com

Formula One Group (NASDAQ:FWONK) Major Shareholder Buys $10,570,346.66 in Stock

April 9, 2024 | insidertrades.com

Formula One Group (NASDAQ:FWONK) Major Shareholder Berkshire Hathaway Inc Buys 938,896 Shares

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 29, 2024 | insidertrades.com

Insider Buying: Formula One Group (NASDAQ:FWONK) Major Shareholder Buys 189,759 Shares of Stock

March 26, 2024 | insidertrades.com

Insider Buying: Formula One Group (NASDAQ:FWONK) Major Shareholder Purchases 199,664 Shares of Stock

March 26, 2024 | insidertrades.com

Formula One Group (NASDAQ:FWONK) Major Shareholder Berkshire Hathaway Inc Buys 333,916 Shares

April 18, 2024 | americanbankingnews.com

Q1 2024 Earnings Forecast for Formula One Group (NASDAQ:FWONK) Issued By Seaport Res Ptn

April 14, 2024 | americanbankingnews.com

Berkshire Hathaway Inc Purchases 513,104 Shares of Formula One Group (NASDAQ:FWONK) Stock

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 14, 2024 | americanbankingnews.com

Formula One Group (NASDAQ:FWONK) Major Shareholder Berkshire Hathaway Inc Acquires 413,227 Shares

April 12, 2024 | americanbankingnews.com

Formula One Group (NASDAQ:FWONK) Given Average Rating of "Moderate Buy" by Analysts

April 10, 2024 | businesswire.com

Liberty Media Corporation Announces First Quarter Earnings Release and Conference Call

April 9, 2024 | americanbankingnews.com

Formula One Group (NASDAQ:FWONK) Major Shareholder Berkshire Hathaway Inc Buys 1,250,000 Shares

April 6, 2024 | morningstar.com

Liberty Formula One Group Registered Shs Series -C- Formula One

April 1, 2024 | investopedia.com

F1 Owner Liberty Media Buys MotoGP Rightsholder Dorna Sports in $4.5 Billion Deal

March 31, 2024 | reuters.com

F1 owner Liberty Media set to take over MotoGP, Sky reports

March 23, 2024 | finance.yahoo.com

Formula One Group's (NASDAQ:FWON.K) investors will be pleased with their respectable 99% return over the last five years

March 22, 2024 | msn.com

Amid drama around Formula 1, FIA president issues letter to membership defending his leadership

March 21, 2024 | msn.com

Do You Believe in Formula One Group's (FWONK) Growth Prospects?

March 1, 2024 | seekingalpha.com

Formula One Group: Global Media Deal Likely Off - Yet Growth Remains Strong

March 1, 2024 | ft.com

Formula One’s growing pains

February 22, 2024 | msn.com

F1 Rumour: Audi Formula One Future In Doubt Once Again

February 19, 2024 | ca.finance.yahoo.com

FWONK May 2024 50.000 put

February 17, 2024 | finance.yahoo.com

FWONK Mar 2024 90.000 call

February 17, 2024 | finance.yahoo.com

FWONK Mar 2024 70.000 put

February 16, 2024 | finance.yahoo.com

FWONK Mar 2024 50.000 call

February 15, 2024 | finance.yahoo.com

FWONK Feb 2024 55.000 call

See More Headlines

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Company Calendar

Last Earnings: 2/28/2024
Today: 4/18/2024
Next Earnings (Confirmed): 5/08/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Consumer Discretionary
Industry: N/A
Sub-Industry: N/A
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 Target: $82.67
High Stock Price Target: $92.00
Low Stock Price Target: $70.00
Potential Upside/Downside: +23.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
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: $3.22 billion
Price / Sales: 4.34
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: 208,250,000
Free Float: 199,272,000
Market Cap: $14.00 billion
Optionable: Optionable
Beta: N/A

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Key Executives

Mr. Stefano Domenicali (Age 59)
President & CEO

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FWONK Stock Analysis - Frequently Asked Questions

Should I buy or sell Formula One Group stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Formula One Group in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research 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?: 4 brokerages have issued 12-month target prices for Formula One Group's shares. Their FWONK share price targets range from $70.00 to $92.00. On average, they anticipate the company's share price to reach $82.67 in the next twelve months. This suggests a possible upside of 23.0% 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 at the beginning of 2024. Since then, FWONK stock has increased by 6.5% and is now trading at $67.21.
View the best growth stocks for 2024 here.
Are investors shorting Formula One Group?: Formula One Group saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 3,630,000 shares, a decrease 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 shares are short sold.
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) released its quarterly earnings results on Wednesday, February, 28th. The company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.31 by $0.06. The firm earned $1.23 billion during the quarter, compared to the consensus estimate of $1.25 billion.
What ETFs hold Formula One Group's stock?: ETFs with the largest weight of Formula One Group (NASDAQ:FWONK) stock in their portfolio include Cambiar Aggressive Value ETF (CAMX), Invesco Leisure and Entertainment ETF (PEJ), Corbett Road Tactical Opportunity ETFNew (OPPX), VictoryShares Nasdaq Next 50 ETF (QQQN), Nuveen ESG Mid-Cap Growth ETF (NUMG), BNY Mellon Innovators ETF (BKIV), First Trust US Equity Opportunities ETF (FPX) and Invesco NASDAQ Next Gen 100 ETF (QQQJ).
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 4/18/2024 by MarketBeat.com Staff

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