Fluor Corporation (NYSE:FLR) shares, rose in value, with the stock price up by 0.79% to the previous day’s close as strong demand from buyers drove the stock to $40.95.
Actively observing the price movement in the last trading, the stock closed the session at $40.63. The PE ratio was 83.10 over 12-month period. Referring to stock’s 52-week performance, its high was $43.24, and the low was $25.69. On the whole, FLR has fluctuated by -2.29% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 17.55B, with a low estimate of 3.8B and a high estimate of 4.34B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FLR’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.47, with the price of FLR currently trading nearly -0.11% and 3.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.80, while the 7-day volatility ratio is showing 2.28% which for the 30-day chart, stands at 2.79%. Furthermore, Fluor Corporation (FLR)’s beta value is 2.12, and its average true range (ATR) is 1.12.
A comparison of Fluor Corporation (FLR) with its peers suggests the former has fared considerably weaker in the market. FLR showed an intraday change of 0.79% in last session, and over the past year, it grew by 43.18%%.
Data on historical trading for Fluor Corporation (NYSE:FLR) indicates that the trading volumes over the past 3 months, they’ve averaged 1.62 million. According to company’s latest data on outstanding shares, there are 170.41 million shares outstanding.
Nearly 1.28% of Fluor Corporation’s shares belong to company insiders and institutional investors own 90.38% of the company’s shares. The stock has risen by 4.54% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FLR stock heading into the next quarter.
