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In the latest session, Fortune Brands Innovations Inc (NYSE: FBIN) closed at $79.12 down -6.12% from its previous closing price of $84.28. In other words, the price has decreased by -$6.12 from its previous closing price. On the day, 2.84 million shares were traded. FBIN stock price reached its highest trading level at $80.92 during the session, while it also had its lowest trading level at $75.11.
Ratios:
For a deeper understanding of Fortune Brands Innovations Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 28.48 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.44. For the most recent quarter (mrq), Quick Ratio is recorded 0.69 and its Current Ratio is at 1.32. In the meantime, Its Debt-to-Equity ratio is 1.16 whereas as Long-Term Debt/Eq ratio is at 0.95.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BMO Capital Markets on January 31, 2024, Downgraded its rating to Market Perform and sets its target price to $82 from $76 previously.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 27 ’24 when HACKETT ANN F sold 2,197 shares for $79.39 per share. The transaction valued at 174,414 led to the insider holds 34,815 shares of the business.
HACKETT ANN F bought 2,197 shares of FBIN for $177,781 on Aug 27 ’24. On Jul 29 ’24, another insider, Sheri Grissom, who serves as the Officer of the company, bought 26,367 shares for $0.00 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FBIN now has a Market Capitalization of 10459823104 and an Enterprise Value of 12502099968. As of this moment, Fortune’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.26, and their Forward P/E ratio for the next fiscal year is 17.18. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.01. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.10 while its Price-to-Book (P/B) ratio in mrq is 4.24. Its current Enterprise Value per Revenue stands at 2.62 whereas that against EBITDA is 13.023.
Stock Price History:
Over the past 52 weeks, FBIN has reached a high of $90.54, while it has fallen to a 52-week low of $59.72. The 50-Day Moving Average of the stock is -6.90%, while the 200-Day Moving Average is calculated to be 2.09%.
Shares Statistics:
For the past three months, FBIN has traded an average of 1.04M shares per day and 1227870 over the past ten days. A total of 126.29M shares are outstanding, with a floating share count of 123.30M. Insiders hold about 0.65% of the company’s shares, while institutions hold 92.44% stake in the company. Shares short for FBIN as of 1728950400 were 2879809 with a Short Ratio of 2.76, compared to 1726185600 on 3608028. Therefore, it implies a Short% of Shares Outstanding of 2879809 and a Short% of Float of 2.6700001.
Dividends & Splits
According to the company, the forward annual dividend rate for FBIN is 0.95, from 0.94 in the trailing year. Against a Trailing Annual Dividend Yield of 0.011153298The stock’s 5-year Average Dividend Yield is 1.37.
