Fulton Financial Corp. [NASDAQ: FULT] gained 7.55% or 1.18 points to close at $16.80 with a heavy trading volume of 11176877 shares.
The daily chart for FULT points out that the company has recorded 32.60% gains over the past six months.
If we look at the average trading volume of 1.13M shares, FULT reached to a volume of 11176877 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Fulton Financial Corp. [FULT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FULT shares is $17.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FULT stock is a recommendation set at 2.75. 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.
Janney have made an estimate for Fulton Financial Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 29, 2024. While these analysts kept the previous recommendation, Stephens raised their target price from $14 to $16. The new note on the price target was released on December 14, 2023, representing the official price target for Fulton Financial Corp. stock. Previously, the target price had yet another raise to $19.50, while Janney analysts kept a Neutral rating on FULT stock.
The Average True Range (ATR) for Fulton Financial Corp. is set at 0.54, with the Price to Sales ratio for FULT stock in the period of the last 12 months amounting to 1.75. The Price to Book ratio for the last quarter was 0.99. Price to Free Cash Flow for FULT in the course of the last twelve months was 8.18.
Trading performance analysis for FULT stock
Fulton Financial Corp. [FULT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.45. With this latest performance, FULT shares gained by 5.73% in over the last four-week period, additionally plugging by 32.60% over the last 6 months – not to mention a rise of 41.18% 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 FULT stock in for the last two-week period is set at 71.94, with the RSI for the last a single of trading hit 80.99, and the three-weeks RSI is set at 65.92 for Fulton Financial Corp. [FULT]. The present Moving Average for the last 50 days of trading for this stock 15.32, while it was recorded at 15.77 for the last single week of trading, and 14.43 for the last 200 days.
Fulton Financial Corp. [FULT]: A deeper dive into fundamental analysis
Fulton Financial Corp.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.06.
Fulton Financial Corp. [FULT]: An earnings per share (EPS) analysis
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 FULT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Fulton Financial Corp. go to 8.00%.
An analysis of Institutional ownership at Fulton Financial Corp. [FULT]
The top three institutional holders of FULT stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in FULT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in FULT stock with ownership which is approximately 5.8386%.
