FirstEnergy Corp. [FE] is -0.94% lower this YTD. Is it still time to buy?

FirstEnergy Corp. [NYSE: FE] jumped around 0.78 points on Friday, while shares priced at $41.20 at the close of the session, up 1.93%. The company report on September 15, 2022 that FirstEnergy Announces CEO Transition.

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President and Chief Executive Officer Steven E. Strah to Retire.

John W. Somerhalder Appointed Interim President and Chief Executive Officer.

FirstEnergy Corp. stock is now -0.94% down from its year-to-date (YTD) trading value. FE Stock saw the intraday high of $41.485 and lowest of $40.42 per share. The company’s 52-week high price is 48.85, which means current price is +16.65% above from all time high which was touched on 04/21/22.

Compared to the average trading volume of 3.44M shares, FE reached a trading volume of 16600662 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about FirstEnergy Corp. [FE]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FE shares is $45.34 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FE stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for FirstEnergy Corp. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 16, 2022. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Outperform. The new note on the price target was released on April 26, 2022, representing the official price target for FirstEnergy Corp. stock. Previously, the target price had yet another raise from $40 to $46, while Evercore ISI kept a Outperform rating on FE stock.

The Average True Range (ATR) for FirstEnergy Corp. is set at 0.80, with the Price to Sales ratio for FE stock in the period of the last 12 months amounting to 1.99. The Price to Book ratio for the last quarter was 2.17, with the Price to Cash per share for the same quarter was set at 0.85.

How has FE stock performed recently?

FirstEnergy Corp. [FE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.75. With this latest performance, FE shares gained by 0.76% in over the last four-week period, additionally sinking by -6.47% over the last 6 months – not to mention a rise of 10.43% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FE stock in for the last two-week period is set at 55.62, with the RSI for the last a single of trading hit 55.48, and the three-weeks RSI is set at 55.10 for FirstEnergy Corp. [FE]. The present Moving Average for the last 50 days of trading for this stock 39.66, while it was recorded at 41.19 for the last single week of trading, and 41.42 for the last 200 days.

FirstEnergy Corp. [FE]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and FirstEnergy Corp. [FE] shares currently have an operating margin of +16.59 and a Gross Margin at +26.23. FirstEnergy Corp.’s Net Margin is presently recorded at +11.13.

Return on Equity for this stock inclined to 15.57, with Return on Assets sitting at 2.76.

FirstEnergy Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.80.

Earnings analysis for FirstEnergy Corp. [FE]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for FirstEnergy Corp. go to 0.63%.

Insider trade positions for FirstEnergy Corp. [FE]

There are presently around $19,355 million, or 84.60% of FE stock, in the hands of institutional investors. The top three institutional holders of FE stocks are: VANGUARD GROUP INC with ownership of 67,258,314, which is approximately -1.402% of the company’s market cap and around 0.06% of the total institutional ownership; STATE STREET CORP, holding 45,132,285 shares of the stock with an approximate value of $1.86 billion in FE stocks shares; and BLACKROCK INC., currently with $1.86 billion in FE stock with ownership of nearly 6.403% of the company’s market capitalization.

Positions in FirstEnergy Corp. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 324 institutional holders increased their position in FirstEnergy Corp. [NYSE:FE] by around 32,465,610 shares. Additionally, 345 investors decreased positions by around 37,795,153 shares, while 124 investors held positions by with 399,532,295 shares. The mentioned changes placed institutional holdings at 469,793,058 shares, according to the latest SEC report filing. FE stock had 97 new institutional investments in for a total of 8,854,614 shares, while 104 institutional investors sold positions of 5,573,616 shares during the same period.


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