Fortune Brands Innovations Inc (NYSE: FBIN) is -2.32% lower on its value in year-to-date trading and has touched a low of $54.10 and a high of $84.92 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FBIN stock was last observed hovering at around $75.40 in the last trading session, with the day’s loss setting it -1.03%.
Currently trading at $74.37, the stock is -7.93% and -7.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.93 million and changing -1.37% at the moment leaves the stock 3.64% off its SMA200. FBIN registered 26.14% gain for a year compared to 6-month gain of 22.38%.
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The stock witnessed a -5.85% loss in the last 1 month and extending the period to 3 months gives it a -2.52%, and is -3.63% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.13% over the week and 2.17% over the month.
Fortune Brands Innovations Inc (FBIN) has around 11700 employees, a market worth around $9.38B and $4.63B in sales. Current P/E ratio is 23.48 and Fwd P/E is 15.55. Profit margin for the company is 8.74%. Distance from 52-week low is 37.47% and -12.42% from its 52-week high. The company has generated returns on investments over the last 12 months (7.92%).
The EPS is expected to grow by 9.68% this year
The shares outstanding are 126.29M, and float is at 125.49M with Short Float at 1.80%.
Fortune Brands Innovations Inc (FBIN) Insider Activity
The most recent transaction is an insider sale by WATERS RONALD V, the company’s Director. SEC filings show that WATERS RONALD V sold 2,000 shares of the company’s common stock on Mar 11 ’24 at a price of $81.10 per share for a total of $0.16 million. Following the sale, the insider now owns 2435.0 shares.
Fortune Brands Innovations Inc disclosed in a document filed with the SEC on Mar 05 ’24 that PHYFER CHERI M (EVP, Group President) sold a total of 19,530 shares of the company’s common stock. The trade occurred on Mar 05 ’24 and was made at $81.60 per share for $1.59 million. Following the transaction, the insider now directly holds 64918.0 shares of the FBIN stock.
Still, SEC filings show that on Jun 09 ’23, HACKETT ANN F (Director) disposed off 4,835 shares at an average price of $65.78 for $0.32 million. The insider now directly holds 34,815 shares of Fortune Brands Innovations Inc (FBIN).
