Stocks to Watch: Eyes on Flowserve Corporation (FLS), Yeti Holdings, Inc. (YETI)

The price of Flowserve Corporation (NYSE:FLS) went down by $-0.56 now trading at $49.03. Their shares witnessed a 36.65% increase from the 52-week low price of $35.88 they recorded on 2018-12-24. Even though it is still -15.97% behind the $56.86 high touched on 2018-09-19. The last few days have been rough for the stock, as its price has decreased by -2.23% during the week. It has also performed better over the past three months, as it added around 14.34% while it has so far climbed around 8.86% during the course of a year. The stock of FLS recorded 28.96% uptrend from the beginning of this year till date. The 12-month potential price target for Flowserve Corporation is set at $48.27. This target means that the stock has an upside potential to increase by -1.55% from the current trading price.

58 institutions entered new Flowserve Corporation (NYSE:FLS) positions, 183 added to their existing positions in these shares, 197 lowered their positions, and 58 exited their positions entirely.

Flowserve Corporation (FLS) trade volume has decreased by -26.89% as around 752,546 shares were sold when compared with its 50-day average volume of traded shares which is 1,029,310. At the moment, FLS is witnessing a uptrend, as it is trading 1.13% above its 20-day SMA, 5.75% above its 50-day SMA, and 4.93% above its 200-day SMA. The company runs an ROE of roughly 7.3%, with financial analysts predicting that their earnings per share growth will be around 18.75% per annum for the next five year. This will be compared to the -23.9% decrease witnessed over the past five years.

The first technical resistance point for Flowserve Corporation (NYSE:FLS) will likely come at $49.58, marking a 1.11% premium to the current level. The second resistance point is at $50.12, about 2.17% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $48.38, the lower end of the range. FLS’s 14-day MACD is 0.15 and this positive figure indicates an upward trading trend. The company’s 14-day RSI (relative strength index) score is 57.95, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 16.6 percent, which is low when compared to that of the 50-day’s 22.93 percent.

The shares of YETI Holdings, Inc. (NYSE:YETI) has increased by 0.51%, and now trading at $35.68 on the Wall Street in the intra-day deal, with their shares traded now around 1,467,809. This is a decline of -160,091 shares over the average 1,627,900 shares that were traded daily over the last three months.

YETI stock has performed well over the past 30 days, as it added 17.95% while its price climbed by 140.43% year-to-date (YTD). Looking at the last few days, it has been good for the stock, as it rose 12.77% over the last week. The stock’s 12-month potential target price is now at $31.09.

YETI Holdings, Inc. (NYSE:YETI) has been utilizing an ROE that is roughly -160.5%, with stock analysts predicting that the company’s EPS for the next five years will go up by 47.1% per year, following the 51.5% raise that was witnessed during the past five years. The stock at the moment is on a uptrend, trading 13.28% above its 20-day SMA, 25.72% above its 50-day SMA, and 68.27% above its 200-day SMA. In percentage terms, the aggregate YETI Holdings, Inc. shares held by institutional investors is 77%. 95 institutions jumped in to acquire YETI Holdings, Inc. (YETI) fresh stake, 95 added to their current holdings in these shares, 5 lowered their positions, and 1 left no stake in the company.

The stock’s 9-day MACD is 2.08 and this positive figure indicates an upward trading trend. The company’s 9-day RSI score is 75.32, which shows that its stock has been overbought. The 20-day historical volatility for the shares stand at 45.19 percent, which is less when compared to that of the 50-day’s 53.91 percent. On the daily chart, we see that the stock could reach the first level of resistance at $36.6, sporting a 2.51% premium to the current level. The next resistance point is at $37.53, representing nearly 4.93% premium to the current market price of YETI Holdings, Inc. (YETI). On the other hand, failure to breach the immediate hurdles can drag it down to $33.83, the lower end of the range.

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