FMC Corporation (NYSE:FMC) shares fell to a low of $118.29 before closing at $118.31. Intraday shares traded counted 0.59 million, which was 22.99% higher than its 30-day average trading volume of 766.05K. FMC’s previous close was $119.14 while the outstanding shares total 129.48M. The firm has a beta of 1.00, a 12-month trailing P/E ratio of 27.74, and a growth ratio of 3.05. The stock’s Relative Strength Index (RSI) is 54.97, with weekly volatility at 1.43% and ATR at 2.17. The FMC stock’s 52-week price range has touched low of $93.52 and a $123.66 high. The stock traded lower over the last trading session, losing -0.70% on 06/09/21.
Investors have identified the Agricultural Inputs company FMC Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $15.18 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
FMC Corporation (FMC) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For FMC, the company has in raw cash 416.7 million on their books with 974.4 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 4.67 billion total, with 3.38 billion as their total liabilities.
FMC were able to record -328.0 million as free cash flow during the 08/03/2021 quarter of the year, this saw their quarterly net cash flow reduce by -152.2 million. In cash movements, the company had a total of -303.0 million as operating cash flow.
Potential earnings growth for FMC Corporation (FMC)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/03/2021 quarter of the year, FMC Corporation recorded a total of 1.2 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -4.55% coming in sequential stages and their sales for the 08/03/2021 quarter increasing by 3.63%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 683.2 million trying to sell their products during the last quarter, with the result yielding a gross income of 512.4 million. This allows shareholders to hold on to 129.48M with the recently reported earning now reading 1.40 cents per share. This is a figure that compared to analystâ€™s prediction for their 08/03/2021 (1.53 cents a share).
Having a look at the companyâ€™s valuation, the company is expected to record 8.10 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on FMC sounds very interesting.
Is the stock of FMC attractive?
In related news, EVP, General Counsel & Sec., Reilly Michael Finian sold 4,000 shares of the companyâ€™s stock in a transaction that recorded on Mar 05. The sale was performed at an average price of 101.47, for a total value of 405,880. As the sale deal closes, the Corporate Controller, Pfeiffer Nicholas now sold 3,146 shares of the companyâ€™s stock, valued at 336,071. Also, EVP and CFO, Sandifer Andrew D sold 4,951 shares of the companyâ€™s stock in a deal that was recorded on Mar 02. The shares were price at an average price of 105.98 per share, with a total market value of 524,699. Following this completion of acquisition, the Director, CORDEIRO EDUARDO E now holds 5,625 shares of the companyâ€™s stock, valued at 668,614. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.50%.
16 out of 19 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on FMC Corporation. 0 analysts has assigned a Sell rating on the FMC stock. The 12-month mean consensus price target for the companyâ€™s shares has been set at $133.16.