FMC Corp. (NYSE:FMC) traded with a subtraction of -$0.35 to $65.66 on Thursday, a downside of -0.53 percent. An average of 1,327,729 shares of common stock have been traded in the last five days. There was a fall of -$4.19 in the past week, and it reached a new high 23 times over the past 12 months. The last 20 days have seen an average of 2,185,182 shares traded, while the 50-day average volume stands at 1,582,187.
FMC stock has decreased by -25.97% in the last month. The company shares reached their 1-month lowest point of $65.30 on 09/28/23. With the stock rallying to its 52-week high on 01/30/23, shares of the company touched a low of $65.62 and a high of $134.38 in 52 weeks. It has reached a new high 9 times so far this year and lost -47.39% or -$59.20 in price. In spite of this, the price is down -51.14% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Insider Transactions
FMC stock investors should be aware that FMC Corp. (FMC) stock had its last reported insider trading activity 210 days ago on Sep 13. In this transaction, the insider spent $638,835. EVP, President, FMC Americas, pereira ronaldo, disposed of 1,955 shares at a price of $129.29 on Mar 01. The insider now owns more than $252,761 worth of shares. Prior to that, EVP, General Counsel & Sec. Reilly Michael Finian went on to Sale 1,200 shares at $128.56 each on Mar 01. An amount of $154,268 was transacted.
Valuation Metrics
FMC Corp. (FMC) has a trailing price-to-earnings (P/E) ratio of 13.38, which compares with the N/A for the broader industry. The stock’s beta is 0.89. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.53, the price-to-book (PB) ratio at 2.44, and the price-to-cash flow ratio at 65.05.
Financial Health
The quick ratio of FMC Corp. for the three months ended June 29 was 0.96, and the current ratio was 1.44, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.94 and a total debt to equity ratio of 1.44 for the quarter ending June 29. FMC Corp.’s EBITDA margin for the year ending June 29 is 25.12%, while its operating margin for the same period stands at 20.64%. Its gross profit as reported stood at $2.33 billion compared to revenue of $5.8 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, FMC Corp.’s return on assets was 6.30%.
Earnings Surprise
For the three-month period that ended June 29, FMC Corp. had $3.02 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $30.5 million in the quarter, while revenues were shrunk -340.0%. The analyst consensus anticipated FMC Corp.’s latest quarter earnings to come in at $0.61 per share, but it turned out to be $0.5, a -18.00% surprise. For the quarter, EBITDA amounted to $180.3 million. Shareholders own equity worth $124.73 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at FMC Corp. (FMC) price momentum. RSI 9-day as of the close on 27 September was 7.49%, suggesting the stock is oversold, with historical volatility in this time frame at 10.84%.
As of today, FMC’s price is $66.99 -6.00% or -$4.19 from its 5-day moving average. FMC is currently trading -25.79% lower than its 20-day SMA and -42.20% lower than its 100-day SMA. However, the stock’s current price level is -31.40% below the SMA50 and -48.18% below the SMA200.
The stochastic %K and %D were 3.06% and 3.06%, respectively, and the average true range (ATR) was 1.87. With the 14-day stochastic at 2.53% and the average true range at 1.95, the RSI (14) stands at 11.56%. The stock has reached -2.89 on the 9-day MACD Oscillator while the 14-day reading was at -5.03.
Analyst Ratings
Redburn Atlantic downgraded FMC Corp. (NYSE: FMC) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Overweight.
