Flowserve Corp’s (NYSE:FLS) Stock Gains 1.94%: A Look At Its Most Probable Path Moving Forward

Flowserve Corp (NYSE:FLS) shares, rose in value on Friday, January 03, with the stock price up by 1.94% to the previous day’s close as strong demand from buyers drove the stock to $58.45.

Actively observing the price movement in the last trading, the stock closed the session at $57.34, falling within a range of $57.07 and $58.55. The value of beta (5-year monthly) was 1.399 whereas the PE ratio was 28.87 over 12-month period. Referring to stock’s 52-week performance, its high was $62.32, and the low was $39.21. On the whole, FLS has fluctuated by -5.04% over the past month.

With the market capitalization of Flowserve Corp currently standing at about $7.68 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.84, with its dividend yield at 1.44%.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.59B, with a low estimate of 1.16B and a high estimate of 1.26B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.21B.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FLS’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% 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 1.86, with the price of FLS currently trading nearly -1.38% and -0.17% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.69, while the 7-day volatility ratio is showing 2.05% which for the 30-day chart, stands at 2.03%. Furthermore, Flowserve Corp (FLS)’s beta value is 1.43, and its average true range (ATR) is 1.22.

A comparison of Flowserve Corp (FLS) with its peers suggests the former has fared considerably weaker in the market. FLS showed an intraday change of 1.94% in last session, and over the past year, it grew by 46.16%%.

Data on historical trading for Flowserve Corp (NYSE:FLS) indicates that the trading volumes over the past 10 days have averaged 0.82 and over the past 3 months, they’ve averaged 1.23 million. According to company’s latest data on outstanding shares, there are 131.09 million shares outstanding.

Nearly 0.45% of Flowserve Corp’s shares belong to company insiders and institutional investors own 93.03% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.18 million shares as on 2024-12-13, resulting in a short ratio of 1.89. According to the data, the short interest in Flowserve Corp (FLS) stood at 210.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 1.37 million. The stock has risen by 1.62% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FLS stock heading into the next quarter.

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