Are Smart Investors Making the Right Decision? FMC Corporation (FMC)

FMC Corporation (NYSE: FMC) stock jumped 0.40% on Thursday to $75.61 against a previous-day closing price of $75.31. With 2.27 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.53 million shares. During the session, the Agricultural Inputs company that operates in wider Basic Materials sector, reached to the highest price of $76.62 whereas the lowest price it dropped to was $75.02. The 52-week range on FMC shows that it touched its highest point at $134.38 and its lowest point at $73.00 during that stretch. It currently has a 1-year price target of $111.66. With its current market cap of 9.51 billion, FMC has annualized dividend of $2.32 while the current yield stands at 3.07%. Beta for the stock currently stands at 0.84.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FMC was down-trending over the past week, with a drop of -0.64%, but this was down by -13.57% over a month. Three-month performance dropped to -27.67% while six-month performance fell -34.85%. The stock lost -31.48% in the past year, while it has lost -39.42% so far this year. A look at the trailing 12-month EPS for FMC yields 5.74 with Next year EPS estimates of 7.38. For the next quarter, that number is 1.09. This implies an EPS growth rate of 5.60% for this year and 18.15% for next year. EPS is expected to grow by 4.49% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 30.80%.

Float and Shares Shorts:

At present, 125.08 million FMC shares are outstanding with a float of 123.78 million shares on hand for trading. On Aug 30, 2023, short shares totaled 3.08 million, which was 2.47% higher than short shares on Jul 30, 2023. In addition to Mr. Mark A. Douglas as the firm’s Pres, CEO & Director, Mr. Andrew D. Sandifer serves as its Exec. VP & CFO.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, FMC reported revenue of $1.45B and operating income of $316.70M. The EBITDA in the recently reported quarter was $312.80M and diluted EPS was $1.06.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FMC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With FMC analysts setting a high price target of $140.00 and a low target of $90.00, the average target price over the next 12 months is $111.10. Based on these targets, FMC could surge 85.16% to reach the target high and rise by 19.03% to reach the target low. Reaching the average price target will result in a growth of 46.94% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded FMC stock several times over the past three months with 11 Buys and 0 Sells. In these transactions, 3,061 shares were bought while 0 shares were sold. The number of buy transactions has increased to 131 while that of sell transactions has risen to 44 over the past year. The total number of shares bought during that period was 114,796 while 45,934 shares were sold.

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