The stock price of FMC Corp. (NYSE: FMC) has jumped by 7.84 compared to previous close of 60.98. Despite this, the company has seen a gain of 11.44% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-07 that Lower volumes due to customer inventory management actions and weaker prices hurt FMC’s revenues in the first quarter.
Is It Worth Investing in FMC Corp. (NYSE: FMC) Right Now?
FMC Corp. (NYSE: FMC) has a price-to-earnings ratio of 6.25x that is above its average ratio. Additionally, the 36-month beta value for FMC is 0.88. There are mixed opinions on the stock, with 10 analysts rating it as a “buy,” 3 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
The public float for FMC is 123.89M and currently, short sellers hold a 7.88% ratio of that float. The average trading volume of FMC on May 07, 2024 was 2.00M shares.
FMC’s Market Performance
FMC’s stock has seen a 11.44% increase for the week, with a 9.34% rise in the past month and a 23.03% gain in the past quarter. The volatility ratio for the week is 2.88%, and the volatility levels for the past 30 days are at 3.24% for FMC Corp. The simple moving average for the past 20 days is 11.54% for FMC’s stock, with a 1.66% simple moving average for the past 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 9.22% 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 -42.65% of loss for the given period.
Volatility was left at 3.24%, however, over the last 30 days, the volatility rate increased by 2.88%, as shares surge +3.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.26% upper at present.
During the last 5 trading sessions, FMC rose by +11.52%, which changed the moving average for the period of 200-days by -30.84% in comparison to the 20-day moving average, which settled at $59.06. In addition, FMC Corp. saw 4.30% 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 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:
- 0.05 for the present operating margin
- 0.39 for the gross margin
The net margin for FMC Corp. stands at 0.28. 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 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 0.8. The interest coverage ratio of the stock is 0.75.
Currently, EBITDA for the company is 1.09 billion with net debt to EBITDA at 6.36. When we switch over and look at the enterprise to sales, we see a ratio of 2.97. The receivables turnover for the company is 1.44for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.52.
Conclusion
In conclusion, FMC Corp. (FMC) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
