Fortune Brands Innovations Inc (NYSE: FBIN) has experienced a decline in its stock price by -5.01 compared to its previous closing price of 67.12. However, the company has seen a fall of -5.34% in its stock price over the last five trading days. businesswire.com reported 2024-06-24 that NORTH OLMSTED, Ohio–(BUSINESS WIRE)–Moen, the leader in water experiences in the home, today announced an initiative with Amica Insurance aimed to encourage policyholders to adopt Flo Smart Water Monitor and Shutoff devices through special savings and installation programs. Use of smart technology can significantly reduce the incidence of catastrophic water damage due to residential leaks. Flo Smart Water Monitor and Shutoff devices offer a digitally driven and proactive approach to leak dete.
Is It Worth Investing in Fortune Brands Innovations Inc (NYSE: FBIN) Right Now?
The price-to-earnings ratio for Fortune Brands Innovations Inc (NYSE: FBIN) is above average at 19.51x, Company’s 36-month beta value is 1.52.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for FBIN is 124.43M, and currently, short sellers hold a 2.10% ratio of that floaft. The average trading volume of FBIN on June 25, 2024 was 1.13M shares.
FBIN’s Market Performance
FBIN’s stock has seen a -5.34% decrease for the week, with a -8.95% drop in the past month and a -21.89% fall in the past quarter. The volatility ratio for the week is 1.88%, and the volatility levels for the past 30 days are at 2.16% for Fortune Brands Innovations Inc The simple moving average for the past 20 days is -5.81% for FBIN’s stock, with a -11.25% simple moving average for the past 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 -10.50% 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 -24.92% of loss for the given period.
Volatility was left at 2.16%, however, over the last 30 days, the volatility rate increased by 1.88%, as shares sank -8.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.03% lower at present.
During the last 5 trading sessions, FBIN fell by -4.46%, which changed the moving average for the period of 200-days by -1.64% in comparison to the 20-day moving average, which settled at $67.40. In addition, Fortune Brands Innovations Inc saw -16.26% 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 2.29. 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
In a nutshell, Fortune Brands Innovations Inc (FBIN) has experienced a bad performance in recent times. The stock has received mixed “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.
