Fortive Corporation Intrinsic Stock Value – Fortive Corporation Sees Increase in Short Interest According to Recent Report by Benzinga Insights

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Fortive Corporation ($NYSE:FTV) is a diversified industrial conglomerate headquartered in Everett, Washington. The company’s stock is listed on the New York Stock Exchange under the ticker symbol FTV. Recently, Fortive Corporation has been making headlines due to an increase in short interest according to a report by Benzinga Insights. Benzinga, a leading financial news and data provider, has analyzed Fortive’s short interest and found that it has increased by 4.26% since its previous report. For those unfamiliar with short interest, it is a measure of the total number of shares that have been sold short by investors betting that the stock price will go down. It is an important indicator for investors as it can provide insight into market sentiment and potential future stock performance. Many companies, including Fortive, have seen their stock prices fluctuate greatly in response to the pandemic and its impact on the global economy.

This suggests that there is not a significant amount of pessimism towards the company’s stock among investors. Fortive Corporation has a strong track record of delivering consistent financial performance and has outperformed its competitors in recent years. The company’s diverse portfolio of businesses and its focus on innovation and operational excellence have helped it weather economic downturns in the past. In conclusion, while Fortive Corporation has seen an increase in short interest according to Benzinga Insights’ latest report, the company’s solid financials and strategic initiatives make it a strong contender in the market. Investors should continue to monitor the company’s performance and keep an eye on any developments in its short interest numbers.

Market Price

On Wednesday, the company’s stock opened at $85.4 and closed at $86.0, representing a 1.3% increase from the previous closing price of $84.9. This rise in short interest for Fortive Corporation is indicative of investors’ growing interest in betting against the company’s stock. Short interest refers to the number of shares that have been sold short by investors, meaning they are anticipating the stock price to decrease in the future. The increase in short interest may be attributed to various factors, including overall market sentiment and company-specific developments. In the case of Fortive Corporation, the company has recently been experiencing a positive trend in its stock performance, which may have caught the attention of short sellers. While short interest can be seen as a bearish indicator for a company’s stock, it is important to note that it is only one aspect of overall market sentiment and does not necessarily determine the future performance of a stock. In fact, some investors may view a high short interest as an opportunity to buy a stock at a potentially lower price.

This positive performance may have attracted short sellers who are betting on a potential correction in the stock price. It is worth noting that while short selling can generate profits for investors if the stock price does decline, it also carries significant risks. If the stock price were to unexpectedly rise, short sellers would face losses as they would need to cover their positions by buying back shares at a higher price. In conclusion, Fortive Corporation’s increase in short interest suggests that there is growing speculation about the company’s stock price among investors. While this may be seen as a bearish indicator, it is important to consider all factors and conduct thorough research before making any investment decisions. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Fortive Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Fortive Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Fortive Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Fortive Corporation are shown below. More…

Analysis – Fortive Corporation Intrinsic Stock Value

As a team at GoodWhale, we have conducted a thorough analysis of FORTIVE CORPORATION‘s fundamentals. Our analysis has shown that the fair value of FORTIVE CORPORATION’s share is approximately $74.8. This fair value has been calculated using our proprietary Valuation Line method, which takes into account various financial factors such as earnings, growth potential, and industry trends. Currently, FORTIVE CORPORATION’s stock is being traded at $86.0, which indicates that it is overvalued by approximately 15.0%. While this may seem like a positive for investors, it is important to note that an overvalued stock can also lead to a potential decrease in value in the future. As a result, it is important for investors to carefully consider their decision when purchasing FORTIVE CORPORATION stock at its current price. Our analysis also highlights the potential for FORTIVE CORPORATION to experience future growth, given its strong fundamentals. This includes its steady earnings and potential for growth in its industry. However, it is important for investors to keep in mind the current overvaluation of the stock and carefully monitor any changes in the company’s performance. In conclusion, our analysis shows that FORTIVE CORPORATION’s stock is currently overvalued and may not be the best investment opportunity at its current price. Investors should carefully consider the risks and potential rewards before making any decisions regarding this stock. More…

Peers

Fortive Corp is a leading company in the competitive electronics manufacturing market. Its main competitors are Benchmark Electronics Inc, Flex Ltd, and Wrap Technologies Inc. Fortive has a strong market position and brand recognition. The company is known for its innovative products and efficient manufacturing processes.

– Benchmark Electronics Inc ($NYSE:BHE)

If you’re looking for a company with a strong market cap and ROE, Benchmark Electronics is a great option. The company has a market cap of $930.67M and an ROE of 4.43%. Additionally, Benchmark Electronics is a leading provider of electronics manufacturing services. The company offers a full range of services, from design and engineering to manufacturing and assembly.

– Flex Ltd ($NASDAQ:FLEX)

Flex Ltd is a leading electronics manufacturing company with a market cap of 8.02B as of 2022. The company has a strong return on equity of 18.46% and is well known for its innovative products and solutions. Flex Ltd operates in a number of different markets including automotive, industrial, healthcare, and consumer electronics. The company is headquartered in Singapore and has a workforce of over 34,000 employees.

– Wrap Technologies Inc ($NASDAQ:WRAP)

Wrap Technologies Inc is a provider of innovative solutions for use in the law enforcement, military, security and private sector. The company’s flagship product is the BolaWrap, which is a handheld remote restraint device that uses an electromagnetic pulse to launch a Kevlar cord at a target, wrapping around the individual’s torso or limbs to immobilize them from a distance. The BolaWrap has been used by law enforcement agencies across the United States and in other countries, and has been featured on several television shows and news programs.

Summary

Fortive Corporation has seen an increase in short interest, with the short percent of float rising by 4.26% since its last report. This may indicate that investors are becoming more bearish on the company’s stock. Short interest refers to the number of shares in a particular company that have been sold short, which is essentially a bet that the stock price will go down. This analysis could suggest that there is growing skepticism about Fortive’s performance and prospects, and investors may want to keep an eye on this trend when considering investing in the company.