Fluor Corporation (NYSE: FLR) has a price-to-earnings ratio of 80.36x that is above its average ratio. Additionally, the 36-month beta value for FLR is 2.12. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 10 rating it as “hold,” and 1 rating it as “sell.”
The public float for FLR is 167.70M and currently, short sellers hold a 4.22% ratio of that float. The average trading volume of FLR on April 18, 2024 was 1.63M shares.
FLR) stock’s latest price update
The stock of Fluor Corporation (NYSE: FLR) has decreased by -1.88 when compared to last closing price of 40.36. Despite this, the company has experienced a -4.90% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-12 that Fluor (FLR) boosts backlog with a new task order contract under the U.S. Air Force Contract Augmentation Program V for Tinian.
FLR’s Market Performance
Fluor Corporation (FLR) has experienced a -4.90% fall in stock performance for the past week, with a -1.39% drop in the past month, and a 7.93% rise in the past quarter. The volatility ratio for the week is 3.27%, and the volatility levels for the past 30 days are at 2.72% for FLR. The simple moving average for the past 20 days is -4.06% for FLR’s stock, with a 8.38% simple moving average for the past 200 days.
Analysts’ Opinion of FLR
Many brokerage firms have already submitted their reports for FLR stocks, with Truist repeating the rating for FLR by listing it as a “Buy.” The predicted price for FLR in the upcoming period, according to Truist is $46 based on the research report published on March 14, 2024 of the current year 2024.
UBS gave a rating of “Buy” to FLR, setting the target price at $47 in the report published on October 04th of the previous year.
FLR Trading at 0.35% from the 50-Day Moving Average
After a stumble in the market that brought FLR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.42% of loss for the given period.
Volatility was left at 2.72%, however, over the last 30 days, the volatility rate increased by 3.27%, as shares surge +0.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.87% upper at present.
During the last 5 trading sessions, FLR fell by -4.90%, which changed the moving average for the period of 200-days by +33.78% in comparison to the 20-day moving average, which settled at $41.29. In addition, Fluor Corporation saw 1.10% 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 FLR starting from Dillow Stacy L, who sale 20,000 shares at the price of $30.30 back on Jun 07 ’23. After this action, Dillow Stacy L now owns 75,929 shares of Fluor Corporation, valued at $606,088 using the latest closing price.
Stock Fundamentals for FLR
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.03 for the gross margin
The net margin for Fluor Corporation stands at 0.01. The total capital return value is set at 0.11. Equity return is now at value 7.41, with 2.00 for asset returns.
Based on Fluor Corporation (FLR), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 0.62. The interest coverage ratio of the stock is 13.81.
Currently, EBITDA for the company is 555.0 million with net debt to EBITDA at -2.72. When we switch over and look at the enterprise to sales, we see a ratio of 0.35. The receivables turnover for the company is 7.27for trailing twelve months and the total asset turnover is 2.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.60.
Conclusion
In conclusion, Fluor Corporation (FLR) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
