The stock of Fluor Corporation (FLR) has gone up by 5.14% for the week, with a -4.58% drop in the past month and a 2.64% rise in the past quarter. The volatility ratio for the week is 2.43%, and the volatility levels for the past 30 days are 2.56% for FLR. The simple moving average for the last 20 days is -2.35% for FLR’s stock, with a simple moving average of 10.46% for the last 200 days.
Is It Worth Investing in Fluor Corporation (NYSE: FLR) Right Now?
Fluor Corporation (NYSE: FLR) has a higher price-to-earnings ratio of 19.81x compared to its average ratio. FLR has 36-month beta value of 1.93. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 10 as “hold,” and 1 as “sell.”
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The public float for FLR is 169.04M, and currently, short sellers hold a 3.36% ratio of that float. The average trading volume of FLR on September 18, 2024 was 1.52M shares.
FLR) stock’s latest price update
The stock price of Fluor Corporation (NYSE: FLR) has jumped by 0.06 compared to previous close of 46.18. Despite this, the company has seen a gain of 5.14% in its stock price over the last five trading days. zacks.com reported 2024-09-06 that Whether you’re a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Analysts’ Opinion of FLR
Many brokerage firms have already submitted their reports for FLR stocks, with KeyBanc Capital Markets repeating the rating for FLR by listing it as a “Overweight.” The predicted price for FLR in the upcoming period, according to KeyBanc Capital Markets is $57 based on the research report published on July 17, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see FLR reach a price target of $46. The rating they have provided for FLR stocks is “Buy” according to the report published on March 14th, 2024.
FLR Trading at -2.71% 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 -10.52% of loss for the given period.
Volatility was left at 2.56%, however, over the last 30 days, the volatility rate increased by 2.43%, as shares sank -4.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.52% upper at present.
During the last 5 trading sessions, FLR rose by +5.14%, which changed the moving average for the period of 200-days by +22.64% in comparison to the 20-day moving average, which settled at $47.20. In addition, Fluor Corporation saw 17.97% 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 Brennan Joseph L, who sale 31,260 shares at the price of $46.65 back on Sep 05 ’24. After this action, Brennan Joseph L now owns 73,169 shares of Fluor Corporation, valued at $1,458,404 using the latest closing price.
Brennan Joseph L, the Officer of Fluor Corporation, proposed sale 62,521 shares at $47.13 during a trade that took place back on Sep 05 ’24, which means that Brennan Joseph L is holding shares at $2,946,305 based on the most recent closing price.
Stock Fundamentals for FLR
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.04 for the gross margin
The net margin for Fluor Corporation stands at 0.03. The total capital return value is set at 0.09. Equity return is now at value 20.92, with 6.07 for asset returns.
Based on Fluor Corporation (FLR), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.42. The debt to equity ratio resting at 0.53. The interest coverage ratio of the stock is 15.7.
Currently, EBITDA for the company is 555.0 million with net debt to EBITDA at -2.9. When we switch over and look at the enterprise to sales, we see a ratio of 0.41. The receivables turnover for the company is 7.88for trailing twelve months and the total asset turnover is 2.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.77.
Conclusion
To put it simply, Fluor Corporation (FLR) has had a better performance in recent times. Analysts have a bullish 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.
