Fortune Brands Innovations Inc (NYSE: FBIN) has a higher price-to-earnings ratio of 22.98x compared to its average ratio. FBIN has 36-month beta value of 1.58. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for FBIN is 124.45M, and currently, short sellers hold a 2.20% ratio of that float. The average trading volume of FBIN on May 10, 2024 was 1.03M shares.
FBIN) stock’s latest price update
Fortune Brands Innovations Inc (NYSE: FBIN)’s stock price has plunge by 2.50relation to previous closing price of 73.27. Nevertheless, the company has seen a 5.14% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-07 that Fortune Brands Innovations Inc. has good revenue and margin growth prospects. The company is focused on enhancing its product portfolio with connected offerings, which are gaining traction with customers. Potential M&As in the coming years should also benefit revenue growth.
FBIN’s Market Performance
Fortune Brands Innovations Inc (FBIN) has experienced a 5.14% rise in stock performance for the past week, with a -2.68% drop in the past month, and a -6.27% drop in the past quarter. The volatility ratio for the week is 1.98%, and the volatility levels for the past 30 days are at 2.42% for FBIN. The simple moving average for the last 20 days is 1.44% for FBIN stock, with a simple moving average of 4.50% for the last 200 days.
Analysts’ Opinion of FBIN
Many brokerage firms have already submitted their reports for FBIN stocks, with BMO Capital Markets repeating the rating for FBIN by listing it as a “Market Perform.” The predicted price for FBIN in the upcoming period, according to BMO Capital Markets is $82 based on the research report published on January 31, 2024 of the current year 2024.
JP Morgan gave a rating of “Neutral” to FBIN, setting the target price at $70 in the report published on June 23rd of the previous year.
FBIN Trading at -4.30% from the 50-Day Moving Average
After a stumble in the market that brought FBIN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.56% of loss for the given period.
Volatility was left at 2.42%, however, over the last 30 days, the volatility rate increased by 1.98%, as shares sank -3.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.16% lower at present.
During the last 5 trading sessions, FBIN rose by +5.14%, which changed the moving average for the period of 200-days by +1.35% in comparison to the 20-day moving average, which settled at $73.91. In addition, Fortune Brands Innovations Inc saw -1.37% 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 FBIN starting from WATERS RONALD V, who sale 2,000 shares at the price of $81.10 back on Mar 11 ’24. After this action, WATERS RONALD V now owns 2,435 shares of Fortune Brands Innovations Inc, valued at $162,204 using the latest closing price.
PHYFER CHERI M, the EVP, Group President of Fortune Brands Innovations Inc, sale 19,530 shares at $81.60 during a trade that took place back on Mar 05 ’24, which means that PHYFER CHERI M is holding 64,918 shares at $1,593,671 based on the most recent closing price.
Stock Fundamentals for FBIN
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.42 for the gross margin
The net margin for Fortune Brands Innovations Inc stands at 0.09. The total capital return value is set at 0.12. Equity return is now at value 19.08, with 6.52 for asset returns.
Based on Fortune Brands Innovations Inc (FBIN), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at 1.33. The interest coverage ratio of the stock is 5.66.
Currently, EBITDA for the company is 833.4 million with net debt to EBITDA at 3.13. When we switch over and look at the enterprise to sales, we see a ratio of 2.6. The receivables turnover for the company is 7.62for trailing twelve months and the total asset turnover is 0.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.04.
Conclusion
To put it simply, Fortune Brands Innovations Inc (FBIN) 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.
