The price-to-earnings ratio for FMC Corp. (NYSE: FMC) is 5.27x, which is above its average ratio. Moreover, the 36-month beta value for FMC is 0.89. Analysts have varying opinions on the stock, with 10 analysts rating it as a “buy,” 3 as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for FMC is 123.95M and currently, short sellers hold a 7.00% of that float. On April 17, 2024, FMC’s average trading volume was 2.11M shares.
FMC) stock’s latest price update
The stock of FMC Corp. (NYSE: FMC) has decreased by -2.31 when compared to last closing price of 56.74. Despite this, the company has experienced a -13.06% fall in its stock price over the last five trading sessions. MarketBeat reported 2024-03-27 that When the economy enters a new cycle, investors must rotate their portfolios accordingly or else live with leaving money on the table. Mid-capitalization stocks outperform all others during an expansionary cycle, such as the one the U.S. is about to witness, so they might rally before the next quarter.
FMC’s Market Performance
FMC’s stock has fallen by -13.06% in the past week, with a monthly drop of -14.79% and a quarterly drop of -2.82%. The volatility ratio for the week is 4.21% while the volatility levels for the last 30 days are 3.61% for FMC Corp. The simple moving average for the last 20 days is -10.09% for FMC stock, with a simple moving average of -18.13% for the last 200 days.
Analysts’ Opinion of FMC
Loop Capital, on the other hand, stated in their research note that they expect to see FMC reach a price target of $55, previously predicting the price at $68. The rating they have provided for FMC stocks is “Hold” according to the report published on February 12th, 2024.
Exane BNP Paribas gave a rating of “Neutral” to FMC, setting the target price at $56 in the report published on February 07th of the current year.
FMC Trading at -5.49% from the 50-Day Moving Average
After a stumble in the market that brought FMC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.73% of loss for the given period.
Volatility was left at 3.61%, however, over the last 30 days, the volatility rate increased by 4.21%, as shares sank -16.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.77% lower at present.
During the last 5 trading sessions, FMC fell by -13.06%, which changed the moving average for the period of 200-days by -46.97% in comparison to the 20-day moving average, which settled at $61.12. In addition, FMC Corp. saw -12.09% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FMC starting from Sandifer Andrew D, who purchase 2,150 shares at the price of $59.22 back on Mar 04 ’24. After this action, Sandifer Andrew D now owns 50,088 shares of FMC Corp., valued at $127,323 using the latest closing price.
Pallash Robert C, the Director of FMC Corp., purchase 3,845 shares at $52.48 during a trade that took place back on Nov 27 ’23, which means that Pallash Robert C is holding 47,871 shares at $201,786 based on the most recent closing price.
Stock Fundamentals for FMC
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.41 for the gross margin
The net margin for FMC Corp. stands at 0.29. The total capital return value is set at 0.02. Equity return is now at value 36.37, with 12.27 for asset returns.
Based on FMC Corp. (FMC), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at -0.1. The debt to equity ratio resting at 0.9. The interest coverage ratio of the stock is 0.83.
Currently, EBITDA for the company is 1.09 billion with net debt to EBITDA at 4.75. When we switch over and look at the enterprise to sales, we see a ratio of 2.39. The receivables turnover for the company is 1.52for trailing twelve months and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.52.
Conclusion
To wrap up, the performance of FMC Corp. (FMC) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
