Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Fortive Corp’s current trading price is -22.41% away from its 52-week high, while its distance from the 52-week low is 7.05%. The stock’s price range during this period has varied between $45.49 and $62.77. The company, active in the Technology sector, saw a trading volume of around 3.36 million for the day, considerably lower average daily volume of 4.38 million observed over the last three months.
Fortive Corp (FTV) currently has a stock price of $48.7. The stock saw a sharp increase in the last trading session, hitting a high of $116.0 after opening at $48.62. The lowest recorded price for the day was $50.0 before it closed at $47.22.
The market performance of Fortive Corp has been somewhat unstable.
How Financial Performance Impacts Market Capitalization
Fortive Corp (FTV) has experienced a quarterly decline of -4.36% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 16.48B and boasts a workforce of 18000 employees.
Decoding Analysts’ Ratings for Fortive Corp
As of right now, 4 analysts are rating Fortive Corp as a BUY, 4 of the polled analysts branded the stock as an OVERWEIGHT, 11 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 65.35, with a change in price of -25.38. Similarly, Fortive Corp recorded 3,489,179 in trading volume during the last 100 days, posting a change of -34.35%.
How FTV’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for FTV stands at 0.46. Similarly, the long-term debt-to-equity ratio is also 0.28.
FTV Stock Stochastic Average
As of today, the raw stochastic average of Fortive Corp over the last 50 days is at 7.86%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 30.12%. Further, the company’s Stochastic %K and %D values for the last 20 days were 14.49% and 7.78%, respectively.
FTV Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Year to date metric has recorded a loss of -8.25%.However, over the last six months, we can see a stronger performance of -19.44%. Over the last 30 days, the price of FTV has leaped by -8.11%. And in the last five days, it has fallen by -4.36%.