Making Sense Of Floor & Decor Holdings Inc’s (NYSE:FND) Volatility

The trading price of Floor & Decor Holdings Inc (NYSE:FND) floating higher at last check on current market day and closing at $100.81, 1.27% higher than its previous close.

Traders who pay close attention to intraday price movement should know that it has been fluctuating between $97.755 and $102.2. The company’s P/E ratio in the trailing 12-month period was 55.81, while its 5Y monthly beta was 1.83. In examining the 52-week price action we see that the stock hit a 52-week high of $135.67 and a 52-week low of $88.53. Over the past month, the stock has lost -3.23% in value.

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Floor & Decor Holdings Inc, whose market valuation is $10.81 billion at the time of this writing, is expected to release its quarterly earnings report in December. Investors’ optimism about the company’s current quarter earnings report is understandable.

On the technical side, indicators suggest FND has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 100% Sell.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned FND a recommendation rating is 9. Out of them, 8 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Floor & Decor Holdings Inc (FND) as Underweight, while 0 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 12.47, which symbolizes a positive outlook. A quick review shows that FND’s price is currently -1.79% off the SMA20 and -8.43% off the SMA50. The RSI metric on the 14-day chart is currently showing 41.85, and weekly volatility stands at 2.55%. When measured over the past 30 days, the indicator reaches 3.62%. Floor & Decor Holdings Inc (NYSE:FND)’s beta value is currently sitting at 1.82, while the Average True Range indicator is currently displaying 3.80. With analysts defining $65-$162 as the low and high price targets, we arrive at a consensus price target of $120 for the trailing 12-month period. The current price is about 35.52% off the estimated low and -60.7% off the forecast high, based on this estimate. Investors will be thrilled if FND’s share price rises to $120, which is the median consensus price. At that level, FND’s share price would be -19.04% below current price.

To see how Floor & Decor Holdings Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: FND stock’s performance was 1.27% at last check in today’s session, and 11.37% in the past year. Floor & Decor Holdings Inc has a P/E ratio of 55.81.

An evaluation of the daily trading volume of Floor & Decor Holdings Inc (NYSE:FND) indicates that the 3-month average is 1.37 million. However, this figure has increased over the past 10 days to an average of 2.29.

Currently, records show that 106.74 million of the company’s shares remain outstanding. The insiders hold 1.56% of outstanding shares, whereas institutions hold 107.43%. The stats also highlight that short interest as of 2024-10-31, stood at 11.23 million shares, resulting in a short ratio of 8.0 at that time. From this, we can conclude that short interest is 1447.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 10.72 million. However, since the stock’s price has seen -9.64% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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