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SymbolStock Name
Latest PriceChg%ChgVolumeTurnoverOpenPre CloseHighLowMarket CapFloat CapSharesShs Float5D %Chg10D %Chg20D %Chg60D % Chg120D %Chg250D %Chg% Year-to-dateDiv YieldTTMTurnover RatioP/E (TTM)P/E (Static)AmplitudeIndustry
US OptionsDetailed Quotes
FTV240621C80000
- 0.04
- -0.16-80.00%
15min DelayClose Jun 12 11:04 ET
0.04High0.04Low
0.04Open0.20Pre Close1 Volume786 Open Interest80.00Strike Price4.00Turnover26.80%IV8.38%PremiumJun 21, 2024Expiry Date0.00Intrinsic Value100Multiplier9DDays to Expiry0.04Extrinsic Value100Contract SizeAmericanOptions Type0.0331Delta0.0236Gamma1846.25Leverage Ratio-0.0120Theta0.0006Rho61.07Eff Leverage0.0086Vega
Intraday
- 5D
- 1D
News
Express News | NYSE Order Imbalance 124280.0 Shares on Sell Side
Industrials Continue to Be Vulnerable - BTIG
Is Now The Time To Look At Buying Fortive Corporation (NYSE:FTV)?
Let's talk about the popular Fortive Corporation (NYSE:FTV). The company's shares saw significant share price movement during recent months on the NYSE, rising to highs of US$86.29 and falling to
Express News | NYSE Order Imbalance 61865.0 Shares on Buy Side
Express News | NYSE Order Imbalance 59291.0 Shares on Sell Side
Express News | NYSE Order Imbalance 76786.0 Shares on Sell Side
Comments
Recent insider selling at Fortive suggests shares may be overpriced. Despite profitability and growth, the history of share sales is concerning. High insider ownership aligns management with shareholders, but lack of insider buying is worrisome.
Insiders At Fortive Sold US$5.1m In Stock, Alluding To Potential Weakness 1
Fortive's high P/E ratio is justified by its superior earnings outlook. Shareholders' confidence in future earnings and the company's strong growth outlook make a significant share price drop unlikely.
CEO James A. Lico is confident in the company's 2024 outlook, citing a history of mid-single-digit core growth and mid-teens compounded earnings and free cash flow annually since 2019. He also emphasized the company's successful strategy and its impact over time.
2
Fortive's CEO views the acquisition as a significant stepping-stone for their Precision Technologies segment, hopeful of the synergies it'll bring to customer solutions and financial results. Foresees EA's addition to assist in the growing multi-industry market.
Fortive's projected growth could be factored into its current share price, possibly making it overvalued. Despite promising future growth, current pricing may not provide the best entry point for investors. Analysts suggest limited upside due to pricing alignment, with further exploration advised should prices decrease in light of growth prospects.
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