The stock of Fluor Corporation (NYSE:FLR) is now priced at $9.66 and the shares are -0.06 points down or -0.62% lower compared to its previous closing price of $9.72. The stock had 1.964 million contracts set over the past session. FLR shares’ daily volume is compared to its average trading volume at 2.459 million shares. However, it has a float of 125 million and although its performance was 3.43% over the week, it’s one to watch. Analysts have given the FLR stock a yearly average price target of $13.25 per share. It means the stock’s upside potential is 37.16% with the FLR share price recently placing at $9.33 to $9.85. However, some brokerage firms have priced the stock below the average, including one that has called $10.

The shorts are running away from the Fluor Corporation stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the FLR shares have declined. Short interest in the stock represents just 5.12% of its float, but the volume has dropped by 0.

In the last trading session, Fluor Corporation (NYSE:FLR) raised by $0.32 over the week and lost -$0.53 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $22.49. The stock recorded its established 52-week high on 09/13/19.

Since 03/18/20, the stock has traded to a low of $2.85 at 238.95%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 2.8. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.

Looking at current readings, Fluor Corporation’s two-week RSI is 37.9. This suggests that the stock is neutral at the moment and that FLR shares’ price movement remains stable. The stochastic readings are equally revealing at 12.1% meaning the FLR share price is currently in overbought territory.

The technical chart shows that the FLR stock will likely settle at between $9.9 and $10.13 per share. However, if the stock dips below $9.38, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $9.09.

Currently, the stock is trading in the red of MACD, with a reading of -0.3. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.

Analysts at UBS cut their recommendation for FLR from Buy to Neutral in April 27 review while maintai their target price of $29 to $11. Citigroup analysts downgraded their recommendation of the stock from Buy to Neutral while keeping its target price at $11 to $10 in a flash note released to investors on April 27. Credit Suisse seeing the stock struggling downgraded it from Outperform to Neutral on February 19 placing it at $21 to $16.

The average rating for the FLR equity is 3.11 and is currently gathering a bearish momentum. Of 9 analysts tracking Fluor Corporation polled by Reuters, 8 rated FLR as a hold. The remaining 1 analysts were split evenly. However, the split wasn’t equal as a majority (0) rated it as a buy or strong buy. 1 analyst advised investors against buying the stock or to sell if they own any of the stock.

Elsewhere, the FLR stock price is 8.61X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands below the group’s average of 39. Fluor Corporation has its P/E ratio at 0.9, which means that the stock is currently trading at a discount relative to the 1.8 industry average.

Zacks Consensus Estimate forecasts that the current-quarter revenues for Fluor Corporation (NYSE:FLR) will increase by about 1.83%, which will see them reach $4010 million. The company’s full-year revenues are, however, expected to diminish by about -14.92%, down from $19200 million to $16300 million. FLR’s expected adjusted earnings should drop almost -122.22% to end up at -$0.08 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -747.17% to record -$10.29/share.