Fortune Brands Innovations Inc (NYSE: FBIN) is -1.10% 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 $73.99 in the last trading session, with the day’s gains setting it 1.31%.
Currently trading at $75.30, the stock is 1.00% and 7.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing 1.77% at the moment leaves the stock 2.50% off its SMA200. FBIN registered 4.67% gain for a year compared to 6-month loss of -3.99%.
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The stock witnessed a 0.76% gain in the last 1 month and extending the period to 3 months gives it a 1.44%, and is 5.64% up 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 2.39% over the week and 3.39% over the month.
Fortune Brands Innovations Inc (FBIN) has around 11700 employees, a market worth around $9.35B and $4.77B in sales. Current P/E ratio is 21.32 and Fwd P/E is 15.84. Profit margin for the company is 9.39%. Distance from 52-week low is 39.19% and -11.33% from its 52-week high. The company has generated returns on investments over the last 12 months (9.21%).
The EPS is expected to grow by 9.65% this year
The shares outstanding are 126.29M, and float is at 123.31M with Short Float at 2.80%.
Fortune Brands Innovations Inc (FBIN) Insider Activity
Fortune Brands Innovations Inc disclosed in a document filed with the SEC on Mar 11 ’24 that WATERS RONALD V (Director) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Mar 11 ’24 and was made at $81.10 per share for $0.16 million. Following the transaction, the insider now directly holds 2435.0 shares of the FBIN stock.
Still, SEC filings show that on Mar 05 ’24, PHYFER CHERI M (EVP, Group President) disposed off 19,530 shares at an average price of $81.60 for $1.59 million. The insider now directly holds 64,918 shares of Fortune Brands Innovations Inc (FBIN).
