FMC Corp (FMC) – Don’t Be So Quick to Call it Dead

SQ

FMC Corp (NYSE: FMC) is -21.42% lower on its value in year-to-date trading and has touched a low of $33.80 and a high of $68.72 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 FMC stock was last observed hovering at around $38.24 in the last trading session, with the day’s loss setting it -0.04%.

Currently trading at $38.20, the stock is -8.13% and -19.79% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.09 million and changing -0.10% at the moment leaves the stock -33.44% off its SMA200. FMC registered -27.07% loss for a year compared to 6-month loss of -41.57%.

The stock witnessed a -31.68% gain in the last 1 month and extending the period to 3 months gives it a -34.51%, and is 1.46% 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 1.85% over the week and 3.06% over the month.

FMC Corp (FMC) has around 6600 employees, a market worth around $4.77B and $4.25B in sales. Current P/E ratio is 14.09 and Fwd P/E is 9.21. Profit margin for the company is 8.01%. Distance from 52-week low is 13.02% and -44.41% from its 52-week high. The company has generated returns on investments over the last 12 months (4.51%).

The EPS is expected to shrink by -1.84% this year

The shares outstanding are 124.84M, and float is at 124.00M with Short Float at 5.10%.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 15.25 million shares valued at $$877.59 million. The investor’s holdings represent 12.2047 of the FMC Shares outstanding. As of 2024-06-30, the second largest holder is WELLINGTON MANAGEMENT GROUP LLP with 14.73 million shares valued at $$847.62 million to account for 11.7879 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 11.76 million shares representing 9.416 and valued at over $$677.07 million, while PRICE T ROWE ASSOCIATES INC /MD/ holds 4.1729 of the shares totaling 5.22 million with a market value of $$300.21 million.

FMC Corp (FMC) Insider Activity

The most recent transaction is an insider sale by Hugenneyer Thaisa, the company’s EVP – Integrated Supply Chain. SEC filings show that Hugenneyer Thaisa sold 4 shares of the company’s common stock on Jan 27 ’25 at a price of $55.85 per share for a total of $223.0. Following the sale, the insider now owns 9002.0 shares.

Still, SEC filings show that on Jan 23 ’25, Reilly Michael Finian (EVP, General Counsel & Sec.) disposed off 2,958 shares at an average price of $55.25 for $0.16 million. The insider now directly holds 25,468 shares of FMC Corp (FMC).

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