FMC Corp (NYSE: FMC)’s stock price has soared by 2.86 in relation to previous closing price of 55.61. Nevertheless, the company has seen a gain of 2.64% in its stock price over the last five trading days. zacks.com reported 2024-11-07 that Investors need to pay close attention to FMC stock based on the movements in the options market lately.
Is It Worth Investing in FMC Corp (NYSE: FMC) Right Now?
FMC Corp (NYSE: FMC) has a price-to-earnings ratio of 4.93x that is above its average ratio. Additionally, the 36-month beta value for FMC is 0.82. There are mixed opinions on the stock, with 10 analysts rating it as a “buy,” 3 rating it as “overweight,” 10 rating it as “hold,” and 0 rating it as “sell.”
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The public float for FMC is 123.94M and currently, short sellers hold a 4.69% ratio of that float. The average trading volume of FMC on November 21, 2024 was 1.03M shares.
FMC’s Market Performance
The stock of FMC Corp (FMC) has seen a 2.64% increase in the past week, with a -8.30% drop in the past month, and a -10.50% fall in the past quarter. The volatility ratio for the week is 2.70%, and the volatility levels for the past 30 days are at 3.44% for FMC. The simple moving average for the past 20 days is -4.44% for FMC’s stock, with a -5.01% simple moving average for the past 200 days.
Analysts’ Opinion of FMC
Many brokerage firms have already submitted their reports for FMC stocks, with Citigroup repeating the rating for FMC by listing it as a “Neutral.” The predicted price for FMC in the upcoming period, according to Citigroup is $67 based on the research report published on October 23, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see FMC reach a price target of $62. The rating they have provided for FMC stocks is “Equal Weight” according to the report published on June 26th, 2024.
FMC Trading at -7.60% from the 50-Day Moving Average
After a stumble in the market that brought FMC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.76% of loss for the given period.
Volatility was left at 3.44%, however, over the last 30 days, the volatility rate increased by 2.70%, as shares sank -7.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.05% lower at present.
During the last 5 trading sessions, FMC rose by +2.64%, which changed the moving average for the period of 200-days by +7.02% in comparison to the 20-day moving average, which settled at $59.86. In addition, FMC Corp saw -9.28% 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 FMC starting from Scanlan Jacqueline, who sale 4,529 shares at the price of $59.67 back on Nov 11 ’24. After this action, Scanlan Jacqueline now owns 28,649 shares of FMC Corp, valued at $270,245 using the latest closing price.
Angeli Brian Paul, the Ex. VP & Chief Marketing Off. of FMC Corp, sale 400 shares at $60.00 during a trade that took place back on Jul 17 ’24, which means that Angeli Brian Paul is holding 5,879 shares at $24,000 based on the most recent closing price.
Stock Fundamentals for FMC
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.38 for the gross margin
The net margin for FMC Corp stands at 0.35. The total capital return value is set at 0.07. Equity return is now at value 38.62, with 13.16 for asset returns.
Based on FMC Corp (FMC), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 0.88. The interest coverage ratio of the stock is 2.57.
Currently, EBITDA for the company is 786.2 million with net debt to EBITDA at 7.14. When we switch over and look at the enterprise to sales, we see a ratio of 2.59. The receivables turnover for the company is 1.44for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.48.
Conclusion
In conclusion, FMC Corp (FMC) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
