Fortune Brands Innovations Inc (NYSE: FBIN) is -8.22% lower on its value in year-to-date trading and has touched a low of $62.54 and a high of $90.54 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 $69.84 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $69.88, the stock is -7.09% and -11.67% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.82 million and changing 0.06% at the moment leaves the stock -8.99% off its SMA200. FBIN registered -9.45% loss for a year compared to 6-month gain of 6.74%. The firm has a 50-day simple moving average (SMA 50) of $79.4962 and a 200-day simple moving average (SMA200) of $76.84115.
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The stock witnessed a -13.69% loss in the last 1 month and extending the period to 3 months gives it a -20.30%, and is -0.20% 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 2.18% over the week and 2.24% over the month.
Fortune Brands Innovations Inc (FBIN) has around 11700 employees, a market worth around $8.68B and $4.67B in sales. Current P/E ratio is 19.66 and Fwd P/E is 15.40. Profit margin for the company is 9.61%. Distance from 52-week low is 11.74% and -22.81% from its 52-week high. The company has generated returns on investments over the last 12 months (9.33%).
The EPS is expected to grow by 7.36% this year
879.0 institutions hold shares in Fortune Brands Innovations Inc (FBIN), with institutional investors hold 94.07% of the company’s shares. The shares outstanding are 124.36M, and float is at 123.42M with Short Float at 2.32%. Institutions hold 93.63% of the Float.
Fortune Brands Innovations Inc (FBIN) Insider Activity
Fortune Brands Innovations Inc disclosed in a document filed with the SEC on Aug 27 ’24 that HACKETT ANN F (Director) sold a total of 2,197 shares of the company’s common stock. The trade occurred on Aug 27 ’24 and was made at $79.39 per share for $0.17 million. Following the transaction, the insider now directly holds 34815.0 shares of the FBIN stock.
Still, SEC filings show that on Aug 27 ’24, HACKETT ANN F (Director) Proposed Sale 2,197 shares at an average price of $80.92 for $0.18 million. The insider now directly holds shares of Fortune Brands Innovations Inc (FBIN).
