On Tuesday, Flowserve Corp. (NYSE: FLS) opened higher 2.26% from the last session, before settling in for the closing price of $46.04. Price fluctuations for FLS have ranged from $32.05 to $48.31 over the past 52 weeks.
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Annual sales at Industrials sector company grew by 2.80% over the past five years. Company’s average yearly earnings per share was noted 21.16% at the time writing. With a float of $130.44 million, this company’s outstanding shares have now reached $130.91 million.
Let’s look at the performance matrix of the company that is accounted for 16000 employees.
Flowserve Corp. (FLS) Insider Updates
A key investor’s attitude towards the stock of the Specialty Industrial Machinery industry is another important factor to consider. The insider ownership of Flowserve Corp. is 0.60%, while institutional ownership is 93.43%. The most recent insider transaction that took place on Feb 26 ’24, was worth 842,460. In this transaction President, FCD of this company sold 20,000 shares at a rate of $42.12, taking the stock ownership to the 46,832 shares.
Flowserve Corp. (FLS) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 21.16% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to 9.20% growth over the previous five years of trading.
Flowserve Corp. (NYSE: FLS) Trading Performance Indicators
Check out the current performance indicators for Flowserve Corp. (FLS). In the past quarter, the stock posted a quick ratio of 1.27. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.43. Likewise, its price to free cash flow for the trailing twelve months is 23.91.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.42, a number that is poised to hit 0.47 in the next quarter and is forecasted to reach 2.95 in one year’s time.
Technical Analysis of Flowserve Corp. (FLS)
Flowserve Corp. (NYSE: FLS) saw its 5-day average volume 0.9 million, a negative change from its year-to-date volume of 1.08 million. As of the previous 9 days, the stock’s Stochastic %D was 39.28%. Additionally, its Average True Range was 0.84.
During the past 100 days, Flowserve Corp.’s (FLS) raw stochastic average was set at 88.83%, which indicates a significant increase from 57.54% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.99% in the past 14 days, which was lower than the 18.25% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $44.61, while its 200-day Moving Average is $40.34. Nevertheless, the first resistance level for the watch stands at $47.54 in the near term. At $48.00, the stock is likely to face the second major resistance level. The third major resistance level sits at $48.68. If the price goes on to break the first support level at $46.40, it is likely to go to the next support level at $45.72. Assuming the price breaks the second support level, the third support level stands at $45.26.
Flowserve Corp. (NYSE: FLS) Key Stats
There are currently 131,227K shares outstanding in the company with a market cap of 6.18 billion. Presently, the company’s annual sales total 4,321 M according to its annual income of 186,740 K. Last quarter, the company’s sales amounted to 1,165 M and its income totaled 62,620 K.
