In the past week, FTV stock has gone down by -4.13%, with a monthly decline of -6.94% and a quarterly plunge of -3.95%. The volatility ratio for the week is 2.79%, and the volatility levels for the last 30 days are 2.10% for Fortive Corporation The simple moving average for the last 20 days is -4.10% for FTV stock, with a simple moving average of 1.38% for the last 200 days.
Is It Worth Investing in Fortive Corporation (NYSE: FTV) Right Now?
Fortive Corporation (NYSE: FTV) has a higher price-to-earnings ratio of 30.72x compared to its average ratio. compared to its average ratio and a 36-month beta value of 1.15. Analysts have mixed views on the stock, with 10 analysts rating it as a “buy,” 4 as “overweight,” 8 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for Fortive Corporation (FTV) is $75.41, which is $9.5 above the current market price. The public float for FTV is 348.54M, and currently, short sellers hold a 1.30% ratio of that float. The average trading volume of FTV on March 16, 2023 was 1.73M shares.
FTV) stock’s latest price update
Fortive Corporation (NYSE: FTV)’s stock price has decreased by -2.78 compared to its previous closing price of 66.22. However, the company has experienced a -4.13% decline in its stock price over the last five trading sessions. Barron’s reported on 03/25/22 that Some Companies Haven’t Left Russia. Behind Their Decisions to Stay.
Analysts’ Opinion of FTV
In the past week, FTV stock has gone down by -4.13%, with a monthly decline of -6.94% and a quarterly plunge of -3.95%. The volatility ratio for the week is 2.79%, and the volatility levels for the last 30 days are 2.10% for Fortive Corporation The simple moving average for the last 20 days is -4.10% for FTV stock, with a simple moving average of 1.38% for the last 200 days.
Analysts’ Opinion of FTV
Many brokerage firms have already submitted their reports for FTV stocks, with Morgan Stanley repeating the rating for FTV by listing it as a “Overweight.” The predicted price for FTV in the upcoming period, according to Morgan Stanley is $73 based on the research report published on October 12th of the previous year 2022.
Argus, on the other hand, stated in their research note that they expect to see FTV reach a price target of $68. The rating they have provided for FTV stocks is “Buy” according to the report published on March 17th, 2022.
Barclays gave a rating of “Overweight” to FTV, setting the target price at $75 in the report published on March 14th of the previous year.
FTV Trading at -3.86% from the 50-Day Moving Average
After a stumble in the market that brought FTV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.74% of loss for the given period.
Volatility was left at 2.10%, however, over the last 30 days, the volatility rate increased by 2.79%, as shares sank -6.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.20% upper at present.
During the last 5 trading sessions, FTV fell by -4.13%, which changed the moving average for the period of 200-days by +6.24% in comparison to the 20-day moving average, which settled at $66.90. In addition, Fortive Corporation saw 0.20% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FTV starting from Walker Stacey A., who sale 3,249 shares at the price of $67.75 back on Feb 27. After this action, Walker Stacey A. now owns 32,721 shares of Fortive Corporation, valued at $220,120 using the latest closing price.
Walker Stacey A., the SVP – Human Resources of Fortive Corporation, sale 1,336 shares at $66.39 during a trade that took place back on Feb 23, which means that Walker Stacey A. is holding 37,946 shares at $88,697 based on the most recent closing price.
Stock Fundamentals for FTV
Current profitability levels for the company are sitting at:
- +17.26 for the present operating margin
- +57.73 for the gross margin
The net margin for Fortive Corporation stands at +12.96. Equity return is now at value 7.90, with 4.70 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.91.
Conclusion
To put it simply, Fortive Corporation (FTV) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
