WOW (WideOpenWest Inc.): Time to Pay Attention?

The price of WideOpenWest Inc. (NYSE: WOW) closed at $9.57 in the last session, up 1.38% from day before closing price of $9.44. In other words, the price has increased by $+0.13 from its previous closing price. On the day, 623231 shares were traded. WOW stock price reached its highest trading level at $9.66 during the session, while it also had its lowest trading level at $9.13.

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We take a closer look at WOW’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 0.70. In the meantime, Its Debt-to-Equity ratio is 1.29 whereas as Long-Term Debt/Eq ratio is at 1.26.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Raymond James on February 24, 2023, Downgraded its rating to Outperform and sets its target price to $14 from $21 previously.

The Benchmark Company reiterated its Buy rating for the stock on August 06, 2021, while the target price for the stock was revised from $25 to $27.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 13 when Schena Don sold 5,000 shares for $18.29 per share. The transaction valued at 91,442 led to the insider holds 220,225 shares of the business.

Martin Donald Craig sold 22,000 shares of WOW for $413,706 on Sep 12. The General Counsel and Secretary now owns 330,208 shares after completing the transaction at $18.80 per share. On Sep 08, another insider, Brunick David, who serves as the Chief Human Resources Officer of the company, sold 5,000 shares for $17.37 each. As a result, the insider received 86,852 and left with 208,152 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 1.22 while its Price-to-Book (P/B) ratio in mrq is 1.40.

Stock Price History:

Over the past 52 weeks, WOW has reached a high of $22.94, while it has fallen to a 52-week low of $8.57. The 50-Day Moving Average of the stock is 10.98, while the 200-Day Moving Average is calculated to be 14.25.

Shares Statistics:

According to the various share statistics, WOW traded on average about 382.41K shares per day over the past 3-months and 451.63k shares per day over the past 10 days. A total of 84.00M shares are outstanding, with a floating share count of 53.10M. Insiders hold about 3.30% of the company’s shares, while institutions hold 90.60% stake in the company. Shares short for WOW as of Jan 12, 2023 were 1.8M with a Short Ratio of 1.79M, compared to 1.52M on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.05% and a Short% of Float of 3.39%.

Earnings Estimates

The company has 7 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.08 for the current quarter, with a high estimate of $0.12 and a low estimate of $0.02, while EPS last year was -$0.03. The consensus estimate for the next quarter is $0.11, with high estimates of $0.17 and low estimates of $0.08.

Analysts are recommending an EPS of between $0.25 and $0.14 for the fiscal current year, implying an average EPS of $0.21. EPS for the following year is $0.36, with 6 analysts recommending between $0.69 and $0.15.

Revenue Estimates

According to 8 analysts, the current quarter’s revenue is expected to be $177.36M. It ranges from a high estimate of $179.16M to a low estimate of $175.3M. As of the current estimate, WideOpenWest Inc.’s year-ago sales were $192.7M, an estimated decrease of -8.00% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $174.72M, an increase of 0.10% over than the figure of -$8.00% in the same quarter last year. There is a high estimate of $177.1M for the next quarter, whereas the lowest estimate is $173.1M.

A total of 8 analysts have provided revenue estimates for WOW’s current fiscal year. The highest revenue estimate was $703.56M, while the lowest revenue estimate was $699.7M, resulting in an average revenue estimate of $701.75M. In the same quarter a year ago, actual revenue was $1.03B, down -32.10% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $695.14M in the next fiscal year. The high estimate is $705M and the low estimate is $687.6M. The average revenue growth estimate for next year is down -0.90% from the average revenue estimate for this year.