The price-to-earnings ratio for Fortune Brands Innovations Inc (NYSE: FBIN) is above average at 24.54x, Company’s 36-month beta value is 1.50.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 11 as “hold,” and 1 as “sell.”
The public float for FBIN is 123.30M, and currently, short sellers hold a 2.53% ratio of that floaft. The average trading volume of FBIN on October 24, 2024 was 1.14M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
FBIN) stock’s latest price update
The stock of Fortune Brands Innovations Inc (NYSE: FBIN) has decreased by -0.89 when compared to last closing price of 87.44.Despite this, the company has seen a loss of -3.70% in its stock price over the last five trading days. globenewswire.com reported 2024-10-10 that The new Moen facility, designed and delivered by FORTNA, optimizes operational performance The new Moen facility, designed and delivered by FORTNA, optimizes operational performance
FBIN’s Market Performance
Fortune Brands Innovations Inc (FBIN) has experienced a -3.70% fall in stock performance for the past week, with a -1.02% drop in the past month, and a 20.08% rise in the past quarter. The volatility ratio for the week is 2.03%, and the volatility levels for the past 30 days are at 1.93% for FBIN. The simple moving average for the last 20 days is -1.72% for FBIN’s stock, with a simple moving average of 12.37% 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 3.59% 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 -4.28% of loss for the given period.
Volatility was left at 1.93%, however, over the last 30 days, the volatility rate increased by 2.03%, as shares surge +0.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.12% upper at present.
During the last 5 trading sessions, FBIN fell by -3.70%, which changed the moving average for the period of 200-days by +13.28% in comparison to the 20-day moving average, which settled at $88.17. In addition, Fortune Brands Innovations Inc saw 13.82% 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 2.82. 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 a nutshell, Fortune Brands Innovations Inc (FBIN) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
