FLS Stock Summary and Trading Ideas (Flowserve | NYSE:FLS)

Flowserve Corp is a manufacturer and aftermarket service provider of comprehensive flow control systems. It develops precision-engineered flow control equipment to monitor movement and protect customers' materials and processes. It offers an extensive range of pumps, valves, seals, and services for several industries, including oil and gas, chemical, power generation, and water management. In addition, Flowserve has a network of Quick Response Centers to provide aftermarket equipment services. The aftermarket services help customers with installation, diagnostics, repair, and retrofitting. Sales are roughly split across many regions, with North America and Europe contributing the majority of total revenue.

Flowserve trades on the NYSE stock market under the symbol FLS.

As of April 18, 2024, FLS stock price declined to $45.63 with 976,355 million shares trading.

FLS has a beta of 0.70, meaning it tends to be less sensitive to market movements. FLS has a correlation of 0.18 to the broad based SPY ETF.

FLS has a market cap of $5.98 billion. This is considered a Mid Cap stock.

Last quarter Flowserve reported $1 billion in Revenue and $.68 earnings per share. This beat revenue expectation by $25 million and exceeded earnings estimates by $.08.

In the last 3 years, FLS stock traded as high as $48.31 and as low as $23.89.

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

FLS has outperformed the market in the last year with a price return of +38.0% while the SPY ETF gained +22.3%. FLS has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +15.9% and -2.9%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

FLS support price is $45.10 and resistance is $46.24 (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 FLS stock will trade within this expected range on the day.