FLR Stock Summary and Trading Ideas (Fluor | NYSE:FLR)

Fluor is one of the largest global providers of engineering, procurement, construction, fabrication, operations, and maintenance services. The firm serves a wide range of end markets including oil and gas, chemicals, mining, metals, and transportation. The company's business is organized into three core segments: urban solutions, mission solutions, and energy solutions. Fluor generated $15.5 billion in revenue in 2023.

Fluor trades on the NYSE stock market under the symbol FLR.

As of April 30, 2024, FLR stock price declined to $40.33 with 870,228 million shares trading.

FLR has a beta of 0.95, meaning it tends to be less sensitive to market movements. FLR has a correlation of 0.12 to the broad based SPY ETF.

FLR has a market cap of $6.86 billion. This is considered a Mid Cap stock.

Last quarter Fluor reported $4 billion in Revenue and $.68 earnings per share. This fell short of revenue expectation by $-290 million and exceeded earnings estimates by $.11.

In the last 3 years, FLR stock traded as high as $43.24 and as low as $14.41.

The top ETF exchange traded funds that FLR belongs to (by Net Assets): VTI, IJH, VB, IWM, VBR.

FLR has outperformed the market in the last year with a price return of +38.8% while the SPY ETF gained +22.3%. FLR has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +5.0% and -0.1%, respectively, while the SPY returned +2.5% and -0.5%, respectively.

FLR support price is $40.04 and resistance is $41.66 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FLR stock will trade within this expected range on the day.