WideOpenWest Inc (NYSE: WOW) stock jumped 0.26% on Friday to $3.81 against a previous-day closing price of $3.80. With 0.64 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.4 million shares. During the session, the Telecom Services company that operates in wider Communication Services sector, reached to the highest price of $3.9000 whereas the lowest price it dropped to was $3.7800. The 52-week range on WOW shows that it touched its highest point at $12.45 and its lowest point at $2.81 during that stretch. It currently has a 1-year price target of $7.00. Beta for the stock currently stands at 1.50.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WOW was up-trending over the past week, with a rise of 32.75%, but this was down by -45.96% over a month. Three-month performance dropped to -49.74% while six-month performance fell -52.79%. The stock lost -65.17% in the past year, while it has lost -58.18% so far this year. A look at the trailing 12-month EPS for WOW yields -3.14 with Next year EPS estimates of -0.21. For the next quarter, that number is -0.01. This implies an EPS growth rate of -9931.99% for this year and 93.17% for next year.
Float and Shares Shorts:
At present, 86.42 million WOW shares are outstanding with a float of 48.42 million shares on hand for trading. On Oct 30, 2023, short shares totaled 0.96 million, which was 1.15% higher than short shares on Sep 28, 2023. In addition to Ms. Teresa L. Elder as the firm’s CEO, President & Director, Mr. John S. Rego serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 89.66% of WOW’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 25.43% of WOW, in contrast to 24.54% held by mutual funds. Shares owned by individuals account for 157.30%. As the largest shareholder in WOW with 5.85% of the stake, The Vanguard Group, Inc. holds 4,891,486 shares worth 4,891,486. A second-largest stockholder of WOW, Nine Ten Capital Management LLC, holds 4,565,077 shares, controlling over 5.46% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in WOW, holding 3,307,962 shares or 3.95% stake. With a 2.27% stake in WOW, the BBH Partner Fund – Small Cap Equi is the largest stakeholder. A total of 1,900,000 shares are owned by the mutual fund manager. The John Hancock Small Cap Core Fund, which owns about 2.09% of WOW stock, is the second-largest Mutual Fund holder. It holds 1,748,573 shares valued at 12.31 million. Vanguard Total Stock Market ETF holds 1.87% of the stake in WOW, owning 1,564,532 shares worth 11.01 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WOW since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With WOW analysts setting a high price target of $8.00 and a low target of $4.00, the average target price over the next 12 months is $7.00. Based on these targets, WOW could surge 109.97% to reach the target high and rise by 4.99% to reach the target low. Reaching the average price target will result in a growth of 83.73% from current levels.
Summary of Insider Activity:
Insiders traded WOW stock several times over the past three months with 2 Buys and 0 Sells. In these transactions, 11,333 shares were bought while 0 shares were sold. The number of buy transactions has increased to 35 while that of sell transactions has risen to 29 over the past year. The total number of shares bought during that period was 1,214,460 while 556,134 shares were sold.
