Firstenergy Corp. [NYSE: FE] closed the trading session at $44.47.
The stocks have a year to date performance of 21.30 percent and weekly performance of 1.58 percent. The stock has been moved at 18.71 percent over the last six months. The stock has performed 5.53 percent around the most recent 30 days and changed 12.75 percent over the most recent 3-months.
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If compared to the average trading volume of 2.57M shares, FE reached to a volume of 2936993 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $45.10 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 2.17. 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.
Goldman have made an estimate for Firstenergy Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 10, 2024. While these analysts kept the previous recommendation, Barclays raised their target price to Equal Weight. The new note on the price target was released on August 23, 2023, representing the official price target for Firstenergy Corp. stock. Previously, the target price had yet another drop from $45 to $40, while UBS kept a Neutral rating on FE stock. On January 23, 2023, analysts increased their price target for FE shares from 34 to 46.
The Average True Range (ATR) for Firstenergy Corp. is set at 0.57, with the Price to Sales ratio for FE stock in the period of the last 12 months amounting to 1.94. The Price to Book ratio for the last quarter was 2.05, with the Price to Cash per share for the same quarter was set at 0.18.
FE stock trade performance evaluation
Firstenergy Corp. [FE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.58. With this latest performance, FE shares gained by 5.53% in over the last four-week period, additionally plugging by 18.71% over the last 6 months – not to mention a rise of 27.20% 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 78.35, with the RSI for the last a single of trading hit 80.16, and the three-weeks RSI is set at 75.78 for Firstenergy Corp. [FE]. The present Moving Average for the last 50 days of trading for this stock 41.22, while it was recorded at 44.17 for the last single week of trading, and 38.73 for the last 200 days.
Firstenergy Corp. [FE]: An insightful look at the core fundamentals
Firstenergy Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.43 and a Current Ratio set at 0.51.
Earnings per share (EPS) analysis for Firstenergy Corp. [FE] stock
With the latest financial reports released by the company, Firstenergy Corp. posted 0.88/share EPS, while the average EPS was predicted by analysts to be reported at 0.85/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.03. 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 6.30%.
Firstenergy Corp. [FE]: Institutional Ownership
There are presently around $91.05%, or 91.16%% of FE stock, in the hands of institutional investors. The top three institutional holders of FE stocks are: CAPITAL WORLD INVESTORS with ownership of 78.04 million shares, which is approximately 13.5958%. VANGUARD GROUP INC, holding 64.88 million shares of the stock with an approximate value of $$2.48 billion in FE stocks shares; and VANGUARD GROUP INC, currently with $$1.65 billion in FE stock with ownership which is approximately 7.4949%.
