The stock of Fortune Brands Innovations Inc (FBIN) has gone up by 6.97% for the week, with a 10.20% rise in the past month and a 25.61% rise in the past quarter. The volatility ratio for the week is 2.21%, and the volatility levels for the past 30 days are 2.26% for FBIN. The simple moving average for the last 20 days is 6.66% for FBIN’s stock, with a simple moving average of 12.50% for the last 200 days.
Is It Worth Investing in Fortune Brands Innovations Inc (NYSE: FBIN) Right Now?
Fortune Brands Innovations Inc (NYSE: FBIN) has a price-to-earnings ratio of 24.05x that is above its average ratio. Additionally, the 36-month beta value for FBIN is 1.49. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 11 rating it as “hold,” and 1 rating it as “sell.”
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The public float for FBIN is 123.30M and currently, short sellers hold a 2.98% ratio of that float. The average trading volume of FBIN on September 19, 2024 was 1.46M shares.
FBIN) stock’s latest price update
Fortune Brands Innovations Inc (NYSE: FBIN)’s stock price has gone decline by -0.21 in comparison to its previous close of 85.09, however, the company has experienced a 6.97% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-08-01 that FBIN Stock has outperformed since my previous buy rating. I see continued upside with revenues benefiting from market share gains, new partnerships, and a more favorable macro environment. The company’s margins should benefit from favorable price/cost, improving mix, and volume leverage.
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 11.63% 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 -1.08% of loss for the given period.
Volatility was left at 2.26%, however, over the last 30 days, the volatility rate increased by 2.21%, as shares surge +10.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +32.05% upper at present.
During the last 5 trading sessions, FBIN rose by +6.97%, which changed the moving average for the period of 200-days by +24.08% in comparison to the 20-day moving average, which settled at $80.00. In addition, Fortune Brands Innovations Inc saw 11.52% 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 FBIN starting from HACKETT ANN F, who sale 2,197 shares at the price of $79.39 back on Aug 27 ’24. After this action, HACKETT ANN F now owns 34,815 shares of Fortune Brands Innovations Inc, valued at $174,414 using the latest closing price.
HACKETT ANN F, the Director of Fortune Brands Innovations Inc, proposed sale 2,197 shares at $80.92 during a trade that took place back on Aug 27 ’24, which means that HACKETT ANN F is holding shares at $177,781 based on the most recent closing price.
Stock Fundamentals for FBIN
Current profitability levels for the company are sitting at:
- 0.16 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 0.14. Equity return is now at value 19.88, with 6.62 for asset returns.
Based on Fortune Brands Innovations Inc (FBIN), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 1.24. The interest coverage ratio of the stock is 5.95.
Currently, EBITDA for the company is 833.4 million with net debt to EBITDA at 2.82. When we switch over and look at the enterprise to sales, we see a ratio of 2.77. The receivables turnover for the company is 8.04for trailing twelve months and the total asset turnover is 0.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.34.
Conclusion
In conclusion, Fortune Brands Innovations Inc (FBIN) has seen better 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.
