FELE Price Prediction Next Week
Analysis and Insights
To predict the stock price of Franklin Electric Co., Inc. (FELE) for the next trading week, we analyze both fundamental and technical factors.
Fundamental Analysis:
Earnings Anticipation:
Franklin Electric is expected to release its quarterly earnings on February 18th, with analysts predicting revenue of $478.6 million and earnings of $0.68 per share. Recent insider activity shows two sales with no purchases, while institutional investors have mixed activity (159 added shares, 173 reduced positions).Stock Performance:
FELE has surpassed the average analyst 12-month target price of $103.00, trading at $106.01. Analysts may adjust their targets higher, but the range of targets ($90.00 to $115.00) reflects differing views on valuation.2025 Guidance:
The company expects 2025 sales to range between $2.09 billion and $2.15 billion, with EPS between $4.05 and $4.25. Q4 earnings were $33.66 million, down from $38.55 million last year, but revenue increased 2.7% to $485.75 million.
Technical Analysis:
Price Trends:
FELE is currently trading at $101.0268, with a 52-week range of $94.25 to $109.75. The stock has recently crossed above its 20-day moving average but remains below its 50-day moving average.Technical Indicators:
- RSI: The 14-day RSI is at 54.11, indicating a neutral position.
- Stochastic Oscillator: The %K line (33.87) is below the %D line (23.50), suggesting bearish momentum.
- MACD: The MACD line is slightly above the signal line, but the histogram is negative, indicating weakening momentum.
Support and Resistance:
- Support Levels: $99.04 (Fibonacci S1) and $97.21 (Fibonacci S2).
- Resistance Levels: $104.96 (Fibonacci R1) and $106.79 (Fibonacci R2).
Price Prediction and Recommendation:
Based on the analysis, FELE is expected to face resistance at $104.96 and may dip to $99.04 in the next trading week. The bearish crossover in the Stochastic Oscillator and negative MACD histogram suggest a short-term downtrend.
Prediction:
- Target Price: $99.04
- Recommendation: Sell
FELE Similar Chart Price Prediction
The price of FELE is predicted to go up 17.13%, based on the high correlation periods with TTGT. The similarity of these two price pattern on the periods is 92.88%.
FELE
TTGT
Up: 17.13%Similarity: 92.88%
FELE Revenue Forecast
FELE EPS Forecast
FELE FAQs
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FELE Analyst's Forecast
Michael Halloran
Baird
Hold
2024-10-30
Price Target
$107 → $105
Upside
+8.81%
Baird lowered the firm's price target on Franklin Electric to $105 from $107 and keeps a Neutral rating on the shares. The firm said 3Q results were below expectations, hurt by unfavorable weather and challenging comps/trends in dewatering/fueling partially offset by healthy surface pumps and water treatment.
